Consolidated Sales Grew by 17% in 2013 to Reach $6.3 Billion, the Highest Total in Company History

Private Sales Grew by 30% in 2013 and Achieved Nearly $1.2 Billion, the Highest Total in Company History

Fourth Quarter Net Income Increases 37% Over Previous Year

Profitability Increased 20% in 2013

Private Sales Reach New Heights

• Multiple private sales in excess of $50 million each, held in a range of collecting categories, enabled Sotheby’s to achieve a record total of $1.18 billion in 2013
• Sotheby’s opened three new spaces dedicated to private sales in 2013: A second S2 gallery in London, as well as additional galleries in New York and London

Client Engagement is Happening Across Sotheby’s:

• The number of clients who purchased works privately with Sotheby’s in 2013 increased 18%, reaching a record level of participation
• The number of successful purchases through Sotheby’s BidNow program increased 36% in 2013

Client Base Continued to Expand in Key Areas of the Market:

• Impressionist & Modern Art (22% Increase in Number of Buyers) and Contemporary Art (23% Increase in Number of Buyers)
• The Number of Clients from Asia Participating in Sotheby’s Worldwide Auctions Increased 24%