Sotheby's Investor Presentation Deck
DISCLAIMER
INDUSTRY / MARKET DATA:
Industry and market data used in this presentation have been obtained from industry publications and sources as well as from third-party
research reports prepared for other purposes. The data obtained from these sources has not been independently verified and no guarantee is
made of the data's accuracy and completeness.
FORWARD LOOKING STATEMENTS:
This presentation contains certain forward looking statements, as such term is defined in Section 21E of the Securities Exchange Act of 1934, as
amended, relating to future events and the financial performance of the Company. Such statements are only predictions and involve risks and
uncertainties, resulting in the possibility that the actual events or performance will differ materially from such predictions. As such, readers are
cautioned not to place undue reliance on forward-looking statements, which speak only as to management's plans, assumptions and
expectations as of the date hereof. Major factors which the Company believes could cause the actual results to differ materially from the
predicted results in the forward looking statements include, but are not limited to, the following, which are not ranked in any particular order. In
addition to the considerations and factors referred to in below and prior filings and releases, major factors which the Company believes could
cause actual events to differ materially include, but are not limited to, the overall strength of the international economy and financial markets,
political conditions in various nations, competition with other auctioneers and art dealers, the success of the Company's risk reduction and
margin improvement efforts, the amount of quality property being consigned to art auction houses, the marketability at auction of such property,
the success of the Company's autumn auction sales and the results of the Company's announced capital allocation and financial review and
other initiatives. The Company disclaims any duty to update or alter any forward-looking statements, except as required by applicable law.
Investor Briefing: April 2019
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