Sotheby’s Fourth Quarter and Full Year 2007 Earnings Conference Call Invitation

Sotheby's (NYSE: BID - News) will be holding its fourth quarter and twelve months ended December 31, 2007 earnings conference call on Tuesday, February 26, 2008. The call will be hosted by Bill Ruprecht, President and Chief Executive Officer, and Bill Sheridan, Chief Financial Officer, at 4:45 PM EST. The call will consist of a brief discussion of the Company's results followed by a question and answer period.

Domestic callers should dial 800-218-8862 and international callers should dial 303-262-2190. The call reservation number is 11109342. Please establish a line approximately 10 minutes prior to the call beginning.

To listen to the conference call via web cast, please go to:

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