Sotheby's Investor Presentation Deck

SOTHEBY'S DIGITAL INNOVATION DRIVES SALES $9.1 BILLION The online fine art market is projected to more than double by 2021 to $9.1 billion. Source: Hiscox Online Art Trade Report 2018 and Sotheby's data Investor Briefing: April 2019 $550 MILLION Over $550 million online underbids in 2018, up 27% from the prior year. 21 $220 MILLION Online buyers spent $220 million at Sotheby's in 2018, up 24% year over year. Sotheby's

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