X0303 4/A 2011-02-15 2011-02-14 0 0000823094 SOTHEBYS BID 0001397512 TAYLOR DIANA L 1334 YORK AVENUE NEW YORK NY 10021 1 0 0 0 Deferred Stock Units 2011-02-15 4 A 0 416 A Common Stock 416 9236 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 Applicable This Form 4 was inadvertently filed on February 14, 2011. The correct quarterly grant date for units to eligible directors, including the report person, is February 15, 2011, as reflected in the Form 4s being filed for those other directors. This filing is being made to correct this error. /s/ Gary Chard as Attorney-in-Fact 2011-02-15