X0303 4 2011-03-15 0 0000823094 SOTHEBYS BID 0001248060 RUPRECHT WILLIAM F 1334 YORK AVENUE NEW YORK NY 10021 1 1 0 0 CEO & President Common Stock 2011-03-15 4 A 0 24875 A 289326 D Common Stock 2011-03-15 4 F 0 11498 D 277828 D Common Stock 2011-03-16 4 S 0 12794 43.8439 D 265034 D Common Stock 2011-03-16 4 S 0 1206 44.0286 D 263828 D Performance share units that have vested and are settled in common stock as a result of the fulfillment of pre-tax earnings target. Not Applicable Includes 137,817 shares of unvested restricted stock The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.46 to $43.99, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44 to $44.07, inclusive. /s/ Wiliam Ruprecht 2011-03-16