Sotheby’s (BID) Stock: Marcato Capital Agrees To Sell 2.05 Million Shares Back to Auctioneer

Names of
reporting persons

MARCATO CAPITAL MANAGEMENT LP

Check the appropriate box if a member
of a group (see instructions)

a.  ☐        b.  ☒

SEC use only

Source of funds (see instructions)

AF

Check box if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)    ☐

Citizenship or place of
organization

DELAWARE

Number of

shares

beneficially

owned by

each

reporting

person

with

Sole voting power

0

Shared voting power

2,620,048

Sole dispositive power

0

Shared dispositive power

2,620,048

Aggregate amount beneficially owned by each reporting person

2,620,048

Check box if the aggregate amount in
Row (11) excludes certain shares (see instructions)    ☐

Percent of class represented by amount
in Row (11)

4.9%

Type of reporting person (see
instructions)

IA