Sotheby's Investor Presentation Deck

IN SEARCH OF ASSETS $40 BILLION Investor Briefing: April 2019 Just 0.1% of the increase in investable wealth over the next eight years being spent on art and luxury collectables would create a further $40 billion in sales. K'night Frank Wealth Report 2018 and Art Basel & UBS Art Market Report 2018 11 75% TOTAL GROWTH From 2008 to 2016 it is estimated that more than 75% of the total growth in global luxury spending (over $65 billion) could be attributed to purchases made by Chinese consumers, either at home or abroad. Sotheby's

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