X0202
4
2008-05-15
0
0000823094
SOTHEBYS
BID
0001066546
TAUBMAN ROBERT S
1334 YORK AVENUE
NEW YORK
NY
10021
1
0
0
0
Deferred Stock Units
2008-05-15
4
A
0
421
A
Common Stock
421
15349
D
One for One
The deferred stock units were accrued under the Sotheby's 1998 Stock Compensation Plan for Non-Employee Directors (as amended and restated, the "Plan") as a result of a partial or full deferral election with respect to stock compensation paid under the Plan. These units will be settled 100% in Sotheby's Common Stock (except that fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Sotheby's Board.
Not Applciable
/s/ Gilbert L. Klemann II as Attorney-in-Fact
2008-05-16