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Press Release Hong Kong

For Immediate Release

Hong Kong | Rhonda Yung | +852 2822 8143 | rhonda.yung@sothebys.com | WT Fu | wt.fu@sothebys.com Winnie Tang | +852 2822 8129 | winnie.tang@sothebys.com | Jacky Chan | jacky.chan@sothebys.com New York | Diana Phillips / Lauren Gioia | diana.phillips@sothebys.com / lauren.gioia@sothebys.com London | Matthew Weigman / Simon Warren | matthew.weigman@sothebys.com / simon.warren@sothebys.com

SOTHEBYS TO LAUNCH ITS NEW HONG KONG GALLERY SPACE ON 19 MAY 2012
YearBringing An Unprecedented Year-Round Sothebys Experience To Asia - A Testament T o Sothebys Commitment To The Region -

Architectural interior rendering of Sothebys Hong Kong Gallery. Works on exhibition to be unveiled at the opening on 19 May. (left right) Above right (left to right ) : YAYOI KUSAMA - WATERMELON, 2008, 181.8 x 227.3 cm, Acrylic on canvas; Nets No. 3, 1997, 72.7 x 60.6 cm, Oil on canvas; Nets No. 50, 1997, 72.7 x 60.6 cm, Oil on canvas Courtesy of Ota Fine Arts; copyright of YAYOI KUSAMA

- Announcing A Series of Important Exhibitions To Inaugurate Sothebys Hong Kong Gallery


Hong Kong, 30 March 2012 Sothebys is delighted to announce that it will unveil its newly-constructed state-of-the art gallery space in Hong Kong on 19 May, 2012, with opening exhibitions running through the end of May - an exciting month filled with international cultural events in Hong Kong. Comprising the entire 5th Floor of One Pacific Place over 15,000 square feet this facility will allow Sothebys to significantly expand its business in Asia beyond its traditional twice-annual series of auctions in April and October. This expansion is a response to the exponential growth in the Asian art market over the past few years, and is testament to Sothebys commitment to Asia. This unique, flexible space will be unequalled in Hong Kong, and will afford

Sothebys the opportunity to regularly host auctions, exhibitions, lectures, special events and other cultural programmes throughout the year, offering a new and exciting dimension to the Sothebys experience in Asia. The new gallery will also incorporate a permanent Salon for SOTHEBYS DIAMONDS, a unique partnership between Sothebys and the Steinmetz 1

Diamond Group, allowing clients to purchase from the collection throughout the year. The project architects for this new gallery are Richards Basmajian whose numerous achievements include the recent Hong Kong Club refurbishment, The Maritime Museum and many Louis Vuitton Stores in Hong Kong.

We conceived of Sothebys Hong Kong Gallery in response to the exponential growth of our business in Asia in recent years which last year reached US$1 billion for the first time, said Bill Ruprecht, President and Chief Executive Officer of Sothebys. Ru The expansion of our Hong Kong premises is the first of many developments Sothebys is planning in the region, and particularly in China, to respond to the needs of our ever-expanding client base in this exciting market. This transformative space will increase the level of activity and the range of objects we will offer to clients in Asia on a regular basis. The opening of this new gallery establishes Sothebys as the premier international auction house in Asia, giving our clients an even higher level of service and a more sophisticated experience on a par with our other major centres in London and New York.

DIAMONDS, Patti Wong, Chairman of Sothebys Asia and SOTHEBYS DIAMONDS continued, The opening of Sothebys Hong Kong Gallery in this exciting moment when Asia has become one of the most prominent international art hubs is a truly important milestone in Sothebys almost forty years of history in Asia. In response to the strong following amongst Asian clients for the SOTHEBYS DIAMONDS collection, we are also delighted to open a permanent SOTHEBYS DIAMONDS Salon in Hong Kong. We look forward to seeing our clients in this wonderful space, sharing our expertise while discussing their collecting interests.

Ching, Sothebys Asia, Kevin Ching, Chief Executive Officer of Sothebys Asia enthused, We are thrilled to curate together with our international team of experts an array of important exhibitions for our inaugural series of exhibitions, showcasing a variety of art to celebrate the opening of our new gallery. In line with the tradition established by Sothebys of presenting major selling exhibitions at Sothebys worldwide, we shall bring two important selling exhibitions to Asia, namely YAYOI KUSAMA Hong Kong Blooms in My Mind and Modern Masters: Corot to Monet French Landscape Painting In The Nineteenth And Twentieth Centuries, offering a great opportunity to acquire museum-quality works by modern and contemporary masters. With these events, together with the previews of Sothebys London June Sales of Impressionist & Modern and Contemporary Art, we strive to nurture and cater to the collecting tastes of our clients in the region as we accompany them along their collecting journey.

Images available upon request | Press releases are available on www.sothebys.com

EVENT CALENDAR ( more details will be available throughout April and May) SELLING EXHIBITIONS

in YAYOI KUSAMA Hong Kong Blooms in My Mind 19 to 31 May, 2012 A selling exhibition of approximately thirty important works by contemporary Japanese artist Yayoi Kusama ( ). Sothebys has collaborated directly with the artist, her studio and the artists long-standing Tokyo gallery, Ota Fine Arts, in assembling this unique and exciting selling exhibition. Kusama has titled this exhibition Hong Kong Blooms in My Mind, and the selection includes the highest quality representative works from many periods of the artists development from the early years of her career through more recent periods and encompassing a variety of media including works on canvas, sculptures of various sizes, and unique works on paper. All of the works on display will be available for private sale. The Modern Masters: Corot to Monet French Landscape Painting In The Nineteenth And Twentieth Centuries Hong Kong - 19 to 31 May, 2012 Following the success of the inaugural exhibition of Modern Masters in 2010, Sothebys is delighted to present the second edition of this series. This exhibition focuses upon the importance of landscape painting for the pioneers of modernism through a collection of masterpieces ranging from the late 19th to the early 20th Century. Paintings from artists ranging from Gustave Courbet to Camille Pissarro, Jean-Baptiste Camille Corot to Claude Monet highlight the progression from the Barbizon school to Impressionism through their definitive subject Landscape.
Jean-Baptiste-Camille Corots Mornex (HauteSavoie) Au Fond, Le Mole PREVIEW Sothebys Londons June Sales of Impressionist & Modern and Contemporary Art Preview in Hong Kong : 19 to 25 May, 2012 Auction in London : 19 & 20 June 2012 (Impressionist & Modern Art) 26 & 27 June 2012 (Contemporary Art )

Portrait: Courtesy of Ota Fine Arts Copyright of YAYOI KUSAMA

Evening Sale of Impressionist and Modern Art in London, February 2012

Sotheby's has exhibited highlights from its London June Sales of Impressionist & Modern and Contemporary Art in Hong Kong for many years now. This Spring, highlights from these important sales will be exhibited at Sothebys Hong Kong Gallery from 19 to 25 May, 2012, offering an early viewing for connoisseurs and collectors in Asia. Works by prominent Impressionist and Modern and Contemporary artists will once again be presented.

OPENING

SOTHEBYS DIAMONDS HONG KONG SALON

SOTHEBYS DIAMONDS is a unique partnership between the worlds oldest international auction house and the Steinmetz Diamond Group, renowned experts in cutting in polishing extraordinary diamonds for over seven decades. SOTHEBYS DIAMONDS will take up permanent residence in Hong Kong, with a Salon in the new Sothebys Hong Kong Gallery, offering clients the opportunity to purchase new diamonds and diamond jewellery outside of the auction calendar. There is no buyers premium and the pieces are available for immediate purchase. SOTHEBYS DIAMONDS presents rare and important diamonds in dramatic settings, resulting in a true marriage of art and jewellery. These highly collectible pieces are all limited production and meticulously hand-crafted by European-trained artisans at one of the few remaining world-class jewellery ateliers. The Collection is available for purchase at both the New York and Hong Kong Salons, as well as through exclusive exhibitions worldwide. Masterpieces in the Making TM

NOTES TO EDITORS SOTHEBYS www.sothebys.com) ABOUT SOTHEBYS (www.sothebys.com) Founded in 1744, Sothebys is a global company that engages in art auction, private sales and art-related financing activities. The Company operates in 40 countries, with principal salesrooms located in New York, London, Hong Kong and Paris. The Company also regularly conducts auctions in six other salesrooms. Sothebys is listed on the New York Stock Exchange under the symbol BID. Sothebys was the first auction house in Hong Kong, opening an office in 1973 and holding its first auction that same year. In 1994 and 2007, Sothebys opened representative offices in Shanghai and Beijing respectively. In 1995, Sothebys began staging travelling exhibitions in mainland China. In 2010, Sothebys held the first Modern Masters Selling Exhibition in Beijing and Hong Kong respectively. In 2011, Sotheby's Asia achieved an over US$ 1 billion total of auctions and private sales. MAJOR SELLING EXHIBITIONS BY SOTHEBYS Sothebys established the tradition of presenting major selling exhibitions at Sothebys worldwide including the Modern Masters exhibition that was held in Hong Kong and Beijing in the autumn of 2010, as well as the annual monumental sculpture exhibition, Beyond Limits, at Chatsworth House in England, and several recent exhibitions conducted at the bespoke gallery space S2 in Sothebys New York headquarters.

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