X0306 4 2016-08-15 0000823094 SOTHEBYS BID 0001397512 TAYLOR DIANA L 1334 YORK AVENUE NEW YORK NY 10021 1 Deferred Stock Units 2016-08-15 4 A 0 470 39.89 A Common Stock 470 23284.75 D The Deferred Stock Units were accrued under the Company's Stock Compensation Plan for Non-Employee Directors (as amended and restated, the "Plan"). These units will be settled, on a one-for-one basis into shares of the Company'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. /s/ Jonathan Olsoff as Attorney-In-Fact 2016-08-15