Press Release

For Immediate Release

London | Mitzi Mina | Mitzi.Mina@Sothebys.com | Rosie Chester | Rosamund.Chester@Sothebys.com New York | Lauren Gioia | Lauren.Gioia@Sothebys.com

2012: AN EXCEPTIONAL YEAR FOR SOTHEBYS

At auction, Sothebys achieves: HIGHEST-EVER PRICE FOR A WORK OF ART

Munchs, The Scream sells for $119.9 (73.9m)

HIGHEST-EVER PRICE FOR A DRAWING & HIGHEST PRICE ACROSS ALL CATEGORIES IN EUROPE THIS YEAR
Raphael, Head of a Young Apostle sells for 29.7m ($47.9m)

A NEW RECORD PRICE FOR THE WORK OF ANY LIVING ARTIST

Gerhard Richter, Abstraktes Bild (809-4) sells for 21.3m ($34.2m)

As well as records and record totals across a wide-range of categories 2012 has been an exceptional year for Sothebys with record prices achieved in its New York, London, Hong Kong and Paris sale rooms in all the major collecting categories:

IMPRESSIONIST AND MODERN ART SALES HIGHLIGHTS 2012

Highest-ever price for any work of art at auction: Edvard Munchs The Scream - $119.9m (73.9m) (91m) in New York, May 2012. Highest price for an Impressionist or Modern work at auction in Europe this year: Joan Mirs Peinture (toile Bleue) - 23.6m ($36.9m) (29.3m) in London June 2012. This was also a new record for the artist at auction. Highest-ever total for an auction of Impressionist & Modern art at Sothebys worldwide: Sothebys Impressionist and Modern Art Evening Sale - New York, May 2012 achieved $330.6m (203.8m) (250.9m).

CONTEMPORARY ART SALES HIGHLIGHTS 2012

Highest auction total in Sothebys history across all sale categories: Sothebys Contemporary Art Evening Sale in New York, November 2012 achieved $375.2m (236.3m) (295.5m). A new auction record for the work of any living artist: Gerhard Richters Abstraktes Bild (809-4) - 21.3m ($34.2m) (26.4m) in London, October 2012. New auction records were set for major artists including: Jackson Pollock - Number 4, 1951 - $40.4m (25.5m) (31.8m) in New York, November 2012. Roy Lichtenstein - Sleeping Girl - $44.9m (27.8m) (34.5m) in New York, May 2012. Other strong prices achieved for: Mark Rothko - No. 1 (Royal Red and Blue) - $75.1m (47.3m) (59.2m) in New York, November 2012. Francis Bacon - Figure Writing Reflected in a Mirror $44.9m (27.8) (34.6m) in New York, May 2012.

OLD MASTER SALES HIGHLIGHTS 2012

In the year that saw Londons first edition of the Frieze Masters art fair, Sothebys established: Highest-ever price for a drawing at auction & highest price across all auction categories in Europe this year: Raphaels Head of a Young Apostle, from the Devonshire Collection at Chatsworth, sold for 29.7m ($47.9m) (36.6m) in December. This was the second highest price ever achieved for an Old Master work at auction, second only to Rubens Massacre of the Innocents sold at Sothebys London in July 2002 for 49.5m.

Other strong prices achieved for: Canaletto - View of the Churches of the Redentore and San Giacomo from the Estate of Lady Forte sold for $5.7m in New York, January 2012 Jan Havicksz. Steen - The Prayer Before the Meal, from the collection at Sudeley Castle, achieved 5.6m in London, December 2012. Willem van de Velde the Younger - The Surrender of the Royal Prince during the Four Days Battle sold for 5.3m ($8.3m) (6.6m) in London, July 2012. Lucas Cranach the Elder- Lucretia brought $5.1m in January in New York. Canaletto a world record of 1.9m ($3.1m) (2.4) was established for a Canaletto work on paper, when a view of the Campo di San Giacomo di Rialto sold for more than 4 times the previous record in London in July 2012.

JEWELLERY, WATCHES & CLOCKS HIGHLIGHTS 2012

A new world auction record price per carat for a deep blue diamond: an exceptionally rare 10.48 carat fancy deep blue briolette diamond sold in Geneva on 14 November 2012 for CHF 10.3m ($10.9m) ($1,036,273 per carat). This was also an auction record for a briolette diamond (pictured right). An exceptional price for The Beau Sancy - One of the most important royal diamonds ever to come to auction: Sold in Geneva on 15 May 2012 for CHF 9.04m ($9.7m), almost five times the pre-sale low estimate. A new world auction record for any clock: The Duc dOrlans Breguet Sympathique achieved $6.8m (4.2m) (5.2) in New York on 4 December 2012. A new world record for a various-owner jewellery auction On May 14 and 15, Sothebys two-day Magnificent Jewels and Noble Jewels Sale set a new world record of $108,377,219 for a various owner jewellery sale, surpassing the record set by Sothebys Geneva in November 2010 of $105 million. Record for a various-owner sale of watches at Sothebys worldwide Sothebys auction of Important Watches in Hong Kong achieved over HK$120m (US$15m) on 8 October 2012, the highest ever total for a sale of Important Watches at Sothebys worldwide. Legendary private collections: -Suzanne Belperron Geneva, 15 May 2012 -Brooke Astor New York, 25 September 2012 -Este Lauder & Evelyn H. Lauder New York, 5 December 2012 -Mrs. Charles Wrightsman New York, 5 December 2012 -The George Daniels Horological Collection London, 6 November 2012 -Henry Graves, Jr. and Reginald H. Fullerton, Jr., New York, 14 June 2012

2012, AN EXCEPTIONAL YEAR FOR SOTHEBYS IN ASIA

Sale Highlights A new world auction record for Song Ceramics - An Outstanding Ruyao Washer From The Northern Song Dynasty sold for HK$207.86 Million (US$26.65 Million) in April 2012, more than tripling the pre-sale estimate. Auction record for Contemporary Chinese artist Liu Wei Liu Weis Revolutionary Family Series Invitation To Dinner sold for HK$17.46m (US$2.24m) in October 2012. Auction record for a Southeast Asian painting Fortune and Longevity by Indonesian modern master Lee Man Fong sold for HK$34.26m (US$4.4m) in October 2012. Record sale of Modern and Contemporary Southeast Asian art In October 2012, Sothebys auction of Modern and Contemporary Southeast Asian Paintings commanded HK$121m (US$15.5m). An Exceptionally Rare, Large Pair Of Gold Screens By Qi Baishi, Willows At The Riverside; Begonias (1922), fetched HK$70.1 m (US$9 m) in April 2012. ASIAN INITIATIVES IN 2012: Inaugural Auctions Sotheby's (Beijing) Auction Co., Ltd, the first international Fine Art Auction House in China, held an historic first auction in Beijing at The Millennium Hall of Beijing World Art Museum on 27 September 2012. Sothebys held its inaugural auction of Asian and Western Contemporary Art in Asia: The BOUNDLESS: CONTEMPORARY ART auction achieved HK$47.7m (US$6.1m) in December 2012. Selling Exhibitions Sothebys held its first Asian selling exhibition of outdoor sculpture: Seventeen works by the internationally renowned artist Zadok Ben-David are on view in the exotic setting of Singapore Botanic Gardens (23 October 2012 to 31 January 2013). Sothebys held its first selling exhibition of European decorative arts in Asia: The Age of Elegance, an exhibition of European Paintings, Furniture and Works of Art from the 19th Century, took place in November 2012. Sothebys held the launch of its newly-constructed Hong Kong Gallery on the 5th Floor of One Pacific Place in May 2012 the first in almost forty years of the companys history in Asia. To celebrate the opening of the new gallery, a unique selling exhibition of works by contemporary Japanese artist Yayoi Kusama, YAYOI KUSAMA Hong Kong Blooms in My Mind.

TOP 10 PRICES FOR WORKS SOLD AT SOTHEBYS IN 2012

Lot Concise Description Edvard Munch, The Scream, Pastel on board in the original Mark Rothko, No. 1 (Royal Red and Blue), 1954, oil on Raffaello Sanzio, called Raphael, Auxiliary Cartoon for the Roy Lichtenstein, Sleeping Girl, 1964, oil and Magna on FRANCIS BACON: Figure Writing Reflected in a Mirror, 1976 Pablo Picasso, Nature morte aux tulipes, Oil on canvas Jackson Pollock, Number 4, 1951, oil, enamel and aluminum Miro, Peinture (Etoile Bleue), 115.5 x 89cm, 1927, oil on Andy Warhol, Double Elvis, ferus type, 1963, silkscreen ink Gerhard Richter, Abstraktes Bild (809-4), 1994, oil on Price Achieved US$ / / $119,922,500 73,920,229 91,033,170 $75,122,500 47,327,175 59,181,506 $47,869,045 29,721,250 36,607,664 $44,882,500 27,809,197 34,546,060 $44,882,500 27,809,197 34,546,060 $41,522,500 25,972,324 32,603,467 $40,402,500 25,453,575 31,829,090 $37,042,500 23,561,250 29,260,716 $36,946,396 22,951,533 28,511,612 $34,190,757 21,321,250 26,436,218

Department

Sale Date

Rank

Impressionist/Modern

02.05.2012

Contemporary Art

13.11.2012

Old Master Drawings

05.12.2012

Contemporary Art

09.05.2012

Contemporary Art

09.05.2012

Impressionist/Modern

08.11.2012

Contemporary Art

13.11.2012

Impressionist/Modern

19.06.2012

Contemporary Art

09.05.2012

Contemporary Art

12.10.2012

10

OTHER HIGHLIGHTS FROM 2012 The Gunter Sachs Collection - Sothebys two day auction of the private collection of the late Gunter Sachs in London exceeded all pre-sale expectations to achieve 41,445,313 ($65,521,476) (51,289,705), over double the pre-sale low estimate. The Mis Collection Sothebys Paris auction of the private collection of Zaira and Marsel Mis realised 19 million ($24.6 million) the highest total for a single-owner collection offered at auction in France this year. The Highest price for Fine Art at auction in Paris this year - Pablo Picassos, Tte de Femme (Dora Maar), 1939-1940 sold in Paris for 6,33M ($7,89M). Sothebys worldwide African and Oceanic sales for 2012 brought 30.2m ($39.5m). Highlights include a Biwat Ancestor Figure from a Sacred Flute an Oceanic Masterpiece from the Lemaire Collection which sold for 1.4m ($1.8m) in December 2012.

LOOKING FORWARD TO 2013

Old Masters In January, Sothebys will hold its major sales of Old Masters in New York. This year they will include a designated sale of property from the estate of Giancarlo Baroni on 29 & 30 January 2013, as well as the sale of Important Old Master Paintings and Sculpture on 31 January 2013. This latter auction will be led by Francisco Jos de Goya y Lucientess Portrait of Mariano Goya (est. $6/8 million) from the estate of Greek shipping magnate George Embiricos, and Susanna and the Elders (est. $6/9 million), a major work by Pompeo Girolamo Batoni from 1751. Impressionist, Modern and Contemporary Art In February, Sothebys will stage major sales of Impressionist, Modern & Contemporary Art in London. Highlights include one of the most important groups of works on paper by Egon Schiele ever to come to the market offered as part of Sothebys Impressionist & Modern Art Evening Sale on 5th February. The drawings come to auction from the Leopold Museum in Vienna and carry a combined estimate of 9-12 million. The Barbier-Mueller Collection On March 22 and 23, Sothebys Paris will offer for sale the most exceptional collection of PreColumbian Art in private hands, the Barbier-Mueller Collection. Comprising around 300 works from Mexico, Central & South America, this extraordinary ensemble of pre-Hispanic art combines prestigious provenance with stylistic coherence. Among its many highlights are a Chupicuaro Statue, a Mayan Cephalomorphic Vase, Tarascan Duck-shaped Vase from the former Guy Joussemet Collection, a Mayan Ceramic Head from the former John Huston Collection, an Aztec Water Goddess Figure acquired by Josef Mueller in 1920, and an Anthropomorphic Urn from the Island of Marajo (Brazil). FOR MORE NEWS FROM SOTHEBYS Visit: www.sothebys.com/en/inside/services/press/news/news.html Follow: www.twitter.com/sothebys Join: www.facebook.com/sothebys & www.weibo.com/sothebyshongkong Watch: www.youtube.com/sothebys Sothebys has been uniting collectors with world-class works of art since 1744. Sothebys became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sothebys presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sothebys BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. Sothebys offers collectors the resources of Sothebys Financial Services, the worlds only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, as well as Sothebys Diamonds and Sothebys Wine. Sothebys has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

Estimates do not include buyers premium and prices achieved include the hammer price plus buyers premium.

Images are available upon request All catalogues are available online at www.sothebys.com or through Sothebys Catalogue iPad App.