PARIS, FRANCE.- Bill Ruprecht, President and CEO of Sotheby抯, today announced the appointment of Serge de Ganay to Sotheby抯 International Advisory Board. M. de Ganay is currently the Chairman of Quilvest Banque Priv閑, a leading Private Bank in Paris.

揟his is a very exciting time for Sotheby抯 in France� said Mr. Ruprecht. 揥e have just appointed Guillaume Cerutti as our new Pr閟ident-directeur g閚閞al to lead our French operations which are headquartered in Paris, now a key selling and sourcing center for Sotheby抯. As a businessman with a great deal of international experience that includes the U.S. and Latin America and as a collector, Serge de Ganay brings very valuable insights that will contribute both to our strategy for France and to the overall global strategy for our Company. Guillaume Cerutti and I very much look forward to working with him as we further implement our plans for France.�

Serge de Ganay commented:� I am very honored to join the Sotheby抯 Advisory Board. The art market is exciting, the Company and its people outstanding. I very much look forward to working with the Sotheby抯 team.

Currently the Chairman of Quilvest Banque Priv閑, Serge de Ganay is also a Board Member of Quilvest, company listed on the Luxembourg stock exchange. Previously he founded a strategy consulting firm of which he was the chairman and CEO for 20 years, with 100 senior consultants serving international companies. M. de Ganay holds an MBA from Boston University and for ten years supervised a graduate program in corporate strategy at the Sorbonne.

Headed by Ambassador Walter J. P. Curley, the members of Sotheby抯 Advisory Board provide counsel to Sotheby抯 management on a broad variety of strategic matters, including business and market opportunities, as well as Sotheby抯 international operations.