Sotheby's Declares Fourth Quarter 2012 Dividend

NEW YORK, Nov. 7, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of Sotheby's (NYSE:BID) has declared a quarterly dividend of $0.08 for the fourth quarter of 2012. The fourth quarter dividend is payable on December 17, 2012 to shareholders of record as of December 3, 2012.

About Sotheby's

Sotheby's is a global company that engages in art auction, private sales and art-related financing activities. The Company operates in 40 countries, with principal salesrooms located in New York, London, Hong Kong and Paris. The Company also regularly conducts auctions in seven other salesrooms around the world. Sotheby's is listed on the New York Stock Exchange under the symbol BID.

CONTACT: Press Department | 212 606 7176 | Andrew Gully | Andrew.Gully@Sothebys.com Investor Relations | 212 894 1023 | Jennifer Park | Jennifer.Park@Sothebys.comSource:Sotheby's