Allen Questrom to Join Sotheby's Board of Directors

Allen Questrom to Join Sotheby's Board of Directors 


NEW YORK, Dec. 17  /PRNewswire-FirstCall/ -- Sotheby's announced today the
election of Allen Questrom to the Board of Sotheby's Holdings, Inc.  Mr.
Questrom is the former Chairman and Chief Executive Officer of J.C. Penney
Company.  Mr. Questrom came to J.C. Penney from Barneys New York, Inc., where
he was appointed Chairman, President and Chief Executive Officer in May 1999.
Mr. Questrom continues to serve on the Board of Directors of Barneys and is
also currently a principal of AEA Investors, Inc., a partner of Mellon Ventures
and a director of the National Retail Federation.  Previously, Mr. Questrom was
Chairman and Chief Executive Officer of Neiman Marcus as well as Federated
Department Stores, Inc. He began his retailing career with Federated as a
management trainee in 1964.  Mr. Questrom graduated from Boston University in
1964 with a business degree in Finance and Marketing.

"We are pleased to have someone of Mr. Questrom's stature joining the Board of
Sotheby's and look forward to his contribution to Sotheby's Board and its
shareholders," said Michael Sovern, Chairman of Sotheby's Holdings, Inc.

Sotheby's Holdings, Inc. is the parent company of Sotheby's worldwide auction
businesses, art-related financing and private sales activities.  The Company
operates in 35 countries, with principal salesrooms located in New York and
London.  The Company also regularly conducts auctions in 13 other salesrooms
around the world, including Australia, Hong Kong, France, Italy, the
Netherlands, Switzerland and Singapore. 

DATASOURCE: Sotheby's Holdings, Inc.



CONTACT:  Diana Phillips or Matthew Weigman, [phone], or Jennifer

Park, [phone], all for Sotheby's Holdings, Inc.



Web site:  http://www.sothebys.com/ 

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