Sotheby's Investor Presentation Deck

SOTHEBY'S DIGITAL INNOVATION DRIVES SALES Index of Online vs. Offline Volume 1,000% 750% 500% 250% Online Lots Oine Lots 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 Investor Briefing: April 2019 37% 37% of lots were sold to online buyers in 2018, up from 19% in 2016 22 64% We saw a record number of new bidders in 2018 and 64% of those bid online Sotheby's

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