Artvest Comments on Daniel Loeb’s Activist Position

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Any forward-looking statements or projections are the opinion of Artvest Partners LLC,
based on its analysis of the market, Sotheby’s financial reporting, and the firm’s proprietary 
market intelligence. Artvest does and seeks to do business  with companies covered in this statement. This statement 
is not intended as investment advice or an opinion on the future valuation of Sothebys stock.

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