Sothebys : (English) Sam Hines Appointed Worldwide Head of Sotheby's Watch Division

Press Release Hong Kong

For Immediate Release

Hong Kong | [phone]/143 | Winnie Tang / Blake Kwok | Winnie.Tang /[e-mail]

New York | [phone] | Darrell Rocha |[e-mail]|

London | [phone] | Mitzi Mina |[e-mail]| Marie-Béatrice Morin |[e-mail]

Geneva | [phone] | Catherine Allen |[e-mail]

SAM HINES

APPOINTED

WORLDWIDE HEAD OF SOTHEBY'S WATCH DIVISION

A leading authority in the field, the internationally renowned watch specialist Sam Hines joins Sotheby's following leadership positions in New York and Hong Kong

NEW YORK, 15 January 2018 Sotheby's (NYSE: BID) is pleased to announce the appointment of Sam Hines as Worldwide Head of its Watch Division. Based in Hong Kong, Sam Hines will lead the international team of Sotheby's Watch specialists and work with them on the company's flagship sales in Geneva, New York, Hong Kong and London, while continuing to advise watch collectors.

A leading authority in the field, Sam Hines brings over twenty years of experience in the auction market and the watch industry, joining the company from Phillips where he was named International Head of Watches in 2015. Previously, Sam was International Co-Head of Christie's Watches Department and occupied executive positions in New York and in Asia.

Sam will join Sotheby's, where he began his career in 1997, in January 2018 and work under the leadership of the newly appointed head of the Jewelry and Watch Division Laurence Nicolas, and with the invaluable support of Daryn Schnipper, Chairman of the International Watch Division, and Sotheby's network of specialists around the globe.

"The watch market is one of the most global and fastest growing collecting categories, and we are delighted to welcome Sam at this moment of tremendous opportunity for Sotheby's," said Tad Smith,

Sotheby's CEO. "He joins an outstanding international watch team and, together with Laurence who joins us next month, will play an integral role in advancing our strategies."

Sam has spearheaded some of the most important watch sales of the past 10 years, including the discovery of two previously unknown pocket watches from the legendary collection of James Ward Packard which sold for a combined total of US$2.7 million in 2011. Sam was also instrumental in setting a world auction record for a wristwatch, only recently beaten, with the sale of a stainless steel Patek Philippe reference 1518 for CHF 11 million. His track record also include a pair of Singing Bird Pistols sold for US$5.8 million, the most valuable horological object ever sold in Asia, and the sale of the only known Patek Philippe Star Calibre 2000 for US$3.5 million.

Born in London, Sam studied political science at New York University.

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