1 Work Exceeds $100 Million | 4 Works Exceed $50 Million5 Works Exceed $20 Million | 13 Works Exceed $10 Million

SERIES LED BY*THE MOST VALUABLE WORK SOLD AT AUCTION TO-DATE IN 2019*Claude Monet’s Meules Achieves a Record-Breaking $110.7 MillionMarking a World Auction Record for Monet&The First Work of Impressionist Art to Exceed $100 Million at Auction

Sotheby’s Flagship New York Auctions ofImpressionist & Modern and Contemporary ArtAchieve $842.2 Million

Sotheby’s Worldwide Sales of Impressionist & Modern and Contemporary ArtHave Reached $1.27 Billion in 2019 Year-to-Date

Half of All Sold Lots Exceed Their High Estimates

250,000 AUCTION VIEWS ON SOTHEBYS.COM & SOCIAL MEDIA

Impressionist & Modern Art Sales Total $394.6 Million

HIGHEST SERIES TOTAL FOR THE CATEGORY AT SOTHEBY’S WORLDWIDESINCE MAY 2015

10 EVENING SALE WORKS ACQUIRED BY COLLECTORS ACROSS ASIAIncluding Picasso’s Mousquetaire à la pipe ($20.8 Million),Which Will Enter the Collection of a Private Asian Museum

A WORLD AUCTION RECORD FOR A 1960S WORK BY PABLO PICASSOFemme Au Chien from 1962 Achieves $54.9 Million

Contemporary Art Sales Total $447.7 Million

Led by:FRANCIS BACON’S STUDY FOR A HEAD SELLS FOR $50.4 MILLIONAn Outstanding Example of the Artist’s Iconic ‘Screaming Popes’&MARK ROTHKO’S UNTITLED, 1960 SELLS FOR $50.1 MILLIONOffered on Behalf of the San Francisco Museum of Modern ArtTo Benefit the Institution’s Acquisitions Fund

24 CONTEMPORARY ARTIST RECORDS ACHIEVED INCLUDING:Carl Andre | Charles Gaines | Barkley L Hendricks | Rashid JohnsonLee Krasner | Kenneth Noland | Dana Schutz

CONTEMPORARY ART DAY AUCTION BRINGS $105.8 MILLIONThird-Highest Total in Company History

Geneva Sales of Watches & Jewelry Total $51 Million

A NEW BENCHMARK FOR AN ART DECO NECKLACE“The Beaumont Necklace” Fetches $3.6 million ǀ More than Double Its 1994 Auction Price

A Fabergé Diamond Tiara Made for the Last Crown Princess of PrussiaSells for $434,000

1950S SHOWSTOPPERS BY PATEK PHILIPPE TAKE CENTRE STAGEA Rare Reference 2497 in Pink Gold Sells for a Record-Breaking $980,000

CONTINUED DEMAND FOR ROLEX DAYTONAS FROM THE 1970SA “Gold 6239” Sets a Landmark Price at $450,000

Sotheby’s Reimagined & Expanded Galleries in New YorkWelcome 15,000 Visitors

90,000+ Square Feet of New Exhibition Space Unveiled Across4 Floors | 40 Public Galleries | 9 Private Sales Salons

New York Galleries Inaugurated with 250+ Works Available for Private SaleON VIEW THROUGH 24 MAYIncluding 20th & 21st Century Art byPablo Picasso, Joan Miró, Jonas Wood, Andy Warhol, George Condo and More

20 MAY 2019 – Tad Smith, Sotheby’s CEO, commented: “It was an incredibly exciting and successful week at Sotheby’s worldwide, which saw a number of record-breaking sales delivered on behalf of our clients, including the highlight of the spring auctions: the showstopping Monet Haystacks. We were pleased to welcome 15,000 visitors into our reimagined and expanded New York galleries, and inaugurate a spectacular series of spaces to celebrate outstanding works of art as well as the legacies of many of the world’s great collectors. We closed the week with an exceptional total of more than $919 million sales across our global auctions, demonstrating the strength and consistency of the market at every level.”

UPCOMING AUCTIONS

About Sotheby’sSotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby’s presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby’s Wine, Sotheby’s Diamonds, and Sotheby’s Home, the online marketplace for interior design. Sotheby’s has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

*Estimates do not include buyer’s premium. Prices achieved include the hammer price plus buyer’s premium and are net of any fees paid to the purchaser where the purchaser provided an irrevocable bid.