Document:

EXHIBIT 10.1

AMENDMENT NO. 6 TO 

THE AMENDED AND RESTATED 

CREDIT AGREEMENT

Dated as of January 22, 2008

          AMENDMENT NO. 6 TO THE AMENDED AND RESTATED CREDIT
AGREEMENT (this “Amendment”) among
SOTHEBY’S, a Delaware corporation (“Holdings”),
SOTHEBY’S, INC., a New York corporation (the “Company” and, together
with Holdings, the “U.S. Borrowers”),
OATSHARE LIMITED, a company registered in England and Wales with registration number 01737495 (“Oatshare”),
SOTHEBY’S, a company registered in England and Wales with registration
number 00874867 (“Sotheby’s” and, together with Oatshare, the “U.K. Borrowers”, and
collectively with the U.S.
Borrowers, the “Borrowers”), each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”) and
BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and Foreign Currency Lead Lender.

          PRELIMINARY
STATEMENTS: 

          (1)
The Borrowers, the Lenders and the
Administrative Agent have entered into the Amended and Restated Credit
Agreement dated as of November 14, 2005, as amended by Amendment No. 1 to the
Amended and Restated Credit Agreement dated as of February 3, 2006, Amendment
No. 2 to the Amended and Restated Credit Agreement dated as of May 18, 2006, Amendment
No. 3 to the Amended and Restated Credit Agreement dated as of January 2, 2007, Amendment
No. 4 to the Amended and Restated Credit Agreement dated as of July 25, 2007 and Consent and Amendment No. 5 to the
Amended and Restated Credit Agreement dated as of December 17, 2007 (as
so amended, the “Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have the same
meanings as specified in the Credit Agreement.

          (2)
The Borrowers have informed the
Administrative Agent that Holdings intends to (a) issue senior notes or
convertible notes due 2018 in an aggregate principal amount of up to
$400,000,000 (the “New Senior Notes”), and (b) use the proceeds of the
New Senior Notes to, among other
things, redeem all of the outstanding 6 7/8% senior notes of Holdings due 2009 (the “Senior Note
Refinancing”).

          (3)
The Borrowers and the Lenders have
agreed to make certain amendments to
the Credit Agreement related to the issuance of the New Senior Notes and the
Senior Note Refinancing.

Sotheby’s - Amendment
No. 6 to Amended and Restated Credit Agreement

1

          SECTION
1, Amendment to Credit Agreement. The Credit Agreement is, effective as of the date hereof and subject to the
satisfaction of the conditions precedent set forth in Section 2, hereby amended
as follows:

          (a)
Section 1.01 is hereby amended by
adding the following defined terms in appropriate alphabetical order:

	
 

	
 

	
 

	
“Amendment No. 6” shall mean the Amendment No. 6 to the Amended
  and Restated Credit Agreement dated
  as of January 22, 2008, among the Borrowers, the Lenders signatory thereto and the Administrative Agent.

	
 

	
 

	
 

	
“Existing Senior Notes” means the
  6 7/8% senior notes of Holdings due 2009 in an aggregate principal amount of $100,000,000.

	
 

	
 

	
 

	
“Existing Senior Notes
  Indenture” means the
  Indenture dated as of June 17, 1998 and
  entered into by Holdings and Chase Manhattan Bank, as trustee, as
  supplemented by the Indenture dated as of February 5, 1999.

	
 

	
 

	
 

	
‘‘New Senior Notes” means the
senior notes or convertible notes of Holdings due 2018 in an aggregate principal amount of up to
$400,000,000. 

	
 

	
 

	
 

	
“New Senior Notes Indenture” means an Indenture, in form and substance satisfactory to the
Administrative Agent,
  governing the New Senior Notes.

	
 

	
 

	
 

	
“Senior Note Redemption Period” means the period beginning on (a) the initial date on which New
Senior Notes have been issued,
  and (b) ending on the earlier to
  occur of (i) the date upon which all of the outstanding Existing Senior Notes
  have been redeemed, and (ii) the
  fortieth day following the issuance of the New Senior Notes.

          (b)
Section 1.01 is hereby amended by
amending and restating the following defined terms to read as follows:

	
 

	
 

	
 

	
“Senior Notes” means
  (a) prior to the commencement of the Senior Note Redemption Period, the
  Existing Senior Notes, (b) during the Senior Note Redemption Period, the Existing Senior Notes and
  the New Senior Notes, and (c) after the expiration of the Senior Note
  Redemption Period, the New Senior Notes, in each case, issued and sold pursuant to the Senior Notes Documents.

	
 

	
 

	
 

	
“Senior Notes Indenture”
  means (a) prior to the commencement of the Senior Note Redemption Period, the Existing Senior
  Notes Indenture, (b) during the Senior
  Notes Redemption Period, the Existing Senior Notes Indenture and the New Senior Notes Indenture, and (c) after the
  expiration of the Senior Note Redemption Period, the New Senior Notes
  Indenture.

          (c)
Article VI is hereby amended to add a new
Section 6.15 to read as follows:

	
 

	
 

	
 

	
“6.15 Redemption of Existing Senior Notes.
  Within three (3) Business Days following
  the date that Holdings shall have received proceeds from the issuance

Sotheby’s - Amendment
No. 6 to Amended and Restated Credit Agreement

2

	
 

	
 

	
 

	
of the New Senior Notes,
  Holdings shall deliver a notice of redemption to each of the holders of the outstanding Existing Senior
  Notes in accordance with the terms of
  the Existing Senior Notes Indenture.”

          (d)
Section 7.02(b) is hereby amended by
deleting the language set forth therein
and replacing it with the following language:

          “[intentionally
omitted];”

          (e)
Section 7.02(g) is hereby amended by
deleting the language immediately preceding
the first proviso and replacing it with the following language:

	
 

	
 

	
 

	
“Indebtedness evidenced by the
  Senior Notes, other Indebtedness outstanding on the date hereof and listed on Schedule 7.02
  and, in each case, any refinancings, refundings,
  renewals or extensions thereof;”

          (f)
Section 7.1l(b) is hereby amended
and restated in its entirety to read as follows:

	
 

	
 

	
 

	
“(b) Consolidated Leverage
  Ratio. Permit the Consolidated Leverage Ratio at any time during any period of four fiscal
  quarters of Holdings ending on or after December 31, 2007 to be greater than 3.50:1.00.”

Sotheby’s - Amendment No. 6 to Amended and
Restated Credit Agreement

3

          SECTION
2. Conditions of Effectiveness. This Amendment shall become effective as of the date
first above written when, and only when, the Administrative Agent shall have received (i)
counterparts of this Amendment executed by each Borrower and the Required
Lenders or, as to any of the Lenders, advice satisfactory to the Administrative
Agent that such Lender has executed this Amendment, (ii) the consent attached hereto (the ‘‘Consent”)
executed by
each of the Guarantors, (iii) for the account of each Lender executing this
amendment on or before 12:00 noon on January 18, 2008, a fee equal to 0.075% of such
Lender’s Commitment, and (iv) a certificate signed by a duly authorized officer of each
Borrower stating that (A) the representations and warranties contained in each
of the Loan Documents (as amended or supplemented to date, including pursuant to this
Amendment) are true and correct on and as of the date hereof, before and after giving effect to
this Amendment, as though made on and as of such date (except for any such representation and
warranty that, by its terms, refers to an earlier date, in which case as of
such earlier date), and (B) no event has occurred and is continuing that constitutes a Default.
The effectiveness of this Amendment is conditioned upon the accuracy of the factual matters
described herein. This Amendment is subject to the provisions of Section 10.01 of the Credit
Agreement.

          SECTION
3. Representations and Warranties of the Borrowers. Each Borrower hereby
represents and warrants that the representations and warranties contained in
each of the Loan Documents (as amended or supplemented to date, including
pursuant to this Amendment) are true and correct on and as of the date hereof,
before and after giving effect to this Amendment, as though made on and as of
such date (except for any such representation and warranty that, by its terms,
refers to an earlier date, in which case as of such earlier date).

          SECTION
4. Reference to and Effect on the Loan Documents. (a) On and after the effectiveness of
this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”.
“hereof” or words of like import referring to the Credit Agreement, and each reference in
the Notes and each of the other Loan Documents to “the Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit
Agreement, shall
mean and be a reference to the Credit Agreement, as amended by this Amendment.

          (b)
The
Credit Agreement, the Notes, and each of the other Loan Documents, as
specifically amended by this Amendment, are and shall continue to be in full
force and effect and are hereby in all respects ratified and confirmed.

          (c)
The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any Lender
or the Administrative Agent under any of the Loan Documents, nor constitute a
waiver of any
provision of any of the Loan Documents.

Sotheby’s - Amendment No. 6 to Amended and
Restated Credit Agreement

4

          SECTION
5. Costs, Expenses. Etc. Each Borrower agrees to pay on demand all costs
and expenses of the Administrative Agent in connection with the preparation,
execution, delivery and administration, modification and amendment of this
Amendment and the other instruments and documents to be delivered hereunder
(including, without limitation, the reasonable fees and expenses of counsel for
the Administrative Agent) in accordance with the terms of Section 10.04 of the
Credit Agreement.

          SECTION
6. Execution in Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute but one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment by
telecopier shall be effective as delivery of a manually executed counterpart of this
Amendment.

          SECTION
7. Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

Sotheby’s - Amendment No. 6 to Amended and
Restated Credit Agreement

5

          IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
by their respective officers thereunto duly authorized, as of the date first
above written.

	
 

	
 

	
 

	
 

	
 

	
 

	
SOTHEBY’S

	
 

	
 

	
 

	
By: 

	

	
 

	
 

	

	
 

	
Name:

	
  William S. Sheridan

	
 

	
Title:

	
      EVP and CFO

	
 

	
 

	
 

	
 

	
SOTHEBY’S
 INC.

	
 

	
 

	
 

	
By:

	

	
 

	
 

	

	
 

	
Name:

	
  William S. Sheridan

	
 

	
Title:

	
      EVP and CFO

	
 

	
 

	
 

	
OATSHARE
 LIMITED

	
 

	
 

	
 

	
By:

	

	
 

	
 

	

	
 

	
Name:

	
  William S. Sheridan

	
 

	
Title:

	
      EVP and CFO

	
 

	
 

	
 

	
SOTHEBY’S

	
 

	
 

	
 

	
By:

	

	
 

	
 

	

	
 

	
Name:

	
  William S. Sheridan

	
 

	
Title:

	
      EVP and CFO

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement 

	
 

	
 

	
 

	
 

	
 

	
 

	
BANK
 OF AMERICA, N.A., as 

 Administrative Agent, L/C Issuer, Swing Line 

 Lender, Foreign Currency Lead Lender and Lender

	
 

	
 

	
 

	
By: 

	

	
 

	
 

	

	
 

	
Name:

	
  JOHN WALKIEWICZ

	
 

	
Title:

	
    VICE
 PRESIDENT

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement 

	
 

	
 

	
 

	
 

	
LASALLE
 BANK N.A.,
as Lender

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name:   JOHN
 WALKIEWICZ

	
 

	
 

	
Title:     VICE PRESIDENT

	
 

	
 

	
 

	
 

	
HSBC
 BANK PLC, 

 as Lender

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
THE CIT GROUP/BUSINESS
 CREDIT, INC., 

 as Lender

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:
 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
CITIBANK,
 N.A., 

 as Lender

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
UNITED
 OVERSEAS BANK LIMITED, 

 NEW YORK AGENCY, as Lender

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement 

	
 

	
 

	
 

	
 

	
LASALLE BANK N.A.,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
HSBC BANK PLC,

 as Lender

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name: PAUL HAGGER

	
 

	
 

	
Title:   CORPORATE BANKING MANAGER

	
 

	
 

	
 

	
 

	
THE CIT GROUP/BUSINESS CREDIT, INC.,

 as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
CITIBANK, N.A.,

 as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
UNITED OVERSEAS BANK LIMITED,

 NEW YORK AGENCY, as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
LASALLE BANK N.A.,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
HSBC BANK PLC,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
THE CIT GROUP/BUSINESS
 CREDIT, INC.,

 as Lender

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name: Julianne Low

	
 

	
 

	
Title:  Vice
 President

	
 

	
 

	
 

	
 

	
CITIBANK, N.A.,

 as Lender

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
UNITED OVERSEAS BANK
 LIMITED,
NEW YORK AGENCY, as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
LASALLE BANK N.A.,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
HSBC BANK PLC,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
THE CIT GROUP/BUSINESS
 CREDIT, INC.,

 as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
CITIBANK, N.A.,

 as Lender 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name: PANKAJ. C. GOEL 

	
 

	
 

	
Title:   V.
 P.

	
 

	
 

	
 

	
 

	
UNITED OVERSEAS BANK
 LIMITED,

 NEW YORK AGENCY, as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
LASALLE BANK N.A.,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
HSBC BANK PLC,

 as Lender

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
THE CIT GROUP/BUSINESS
 CREDIT, INC.,

 as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
CITIBANK, N.A.,

 as Lender

	
 

	
 

	
 

	
By

	
 

	
 

	
 

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
UNITED OVERSEAS BANK
 LIMITED,

 NEW YORK AGENCY, as Lender

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name: George Lim 

	
 

	
 

	
Title:   SVP
 & GM

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name: Mario Sheng

	
 

	
 

	
Title:   AVP

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
COMERICA BANK, 

  as Lender

	
 

	
 

	
 

	
 

	
 

	

	
 

	
By

	

	
 

	
 

	
Name:
  Sarah R. West

	
 

	
 

	
Title: Assistant Vice President

	
 

	
 

	
 

	
 

	
ISRAEL
  DISCOUNT BANK OF NEW YORK, 

  as Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
NORTH FORK BUSINESS CAPITAL

  CORPORATION, as Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
WEBSTER BUSINESS CREDIT CORPORATION,

  as Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
COMERICA
  BANK, 

  as
  Lender

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
ISRAEL
  DISCOUNT BANK OF NEW YORK, 

  as Lender

	
 

	
 

	
 

	
 

	
 

	

	
 

	
By

	

	
 

	
 

	
Name: Richard Tripaldi

	
 

	
 

	
Title: Assistant Vice
  President

	
 

	
 

	
 

	
 

	
 

	

	
 

	
By

	

	
 

	
 

	
Name:  Andy Ballta

	
 

	
 

	
Title:
  First Vice President

	
 

	
 

	
 

	
 

	
NORTH FORK BUSINESS
  CAPITAL

  CORPORATION, as Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
WEBSTER
  BUSINESS CREDIT CORPORATION,

  as
  Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
COMERICA
  BANK, 

  as
  Lender

	
 

	

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
ISRAEL
  DISCOUNT BANK OF NEW YORK, 

  as
  Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
NORTH FORK BUSINESS
  CAPITAL

  CORPORATION,  as Lender

	
 

	
 

	

	
 

	
By

	

	
 

	
 

	
Name: Ron Walker

	
 

	
 

	
Title: Vice President

	
 

	
 

	
 

	
 

	
WEBSTER
  BUSINESS CREDIT CORPORATION,

  as
  Lender

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
COMERICA BANK, 

  as Lender

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
ISRAEL
  DISCOUNT BANK OF NEW YORK, 

  as
  Lender

	
 

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
NORTH
  FORK BUSINESS CAPITAL

  CORPORATION, as Lender

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	
Name:

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
WEBSTER BUSINESS
  CREDIT CORPORATION,

  as
  Lender

	
 

	
 

	
 

	
 

	
 

	

	
 

	
By

	

	
 

	
 

	
Name: Daniel C. Dupré

	
 

	
 

	
Title: Vice President

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

CONSENT

Dated as of January 22, 2008 

          Each
of the undersigned, as a Guarantor under the Credit Agreement referred to in
the foregoing Amendment, hereby consents to such Amendment and hereby confirms
and agrees that notwithstanding the effectiveness of such Amendment, the
Guaranty contained in the Credit Agreement is and shall continue to be, in full
force and effect and is hereby ratified and confirmed in all respects, except
that, on and after the effectiveness of such Amendment, each reference in the
Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like
import shall mean and be a reference to the Credit Agreement, as amended by
such Amendment.

	
 

	
 

	
 

	
GUARANTORS:

	
 

	
 

	
 

	
SOTHEBY’S
 FINE ART HOLDINGS, INC.

	
 

	
SOTHEBY’S
 FINANCIAL SERVICES, INC.

	
 

	
SOTHEBY’S FINANCIAL SERVICES

 CALIFORNIA, INC.

	
 

	
OBERON, INC.

	
 

	
THETA, INC.

	
 

	
SOTHEBY’S
 VENTURES, LLC

	
 

	
SOTHEBY’S
 ASIA, INC.

	
 

	
YORK
 WAREHOUSE, INC.

	
 

	
SPTC, INC.

	
 

	
SOTHEBY’S
 PARKE BERNET, INC.

	
 

	
YORK AVENUE
 DEVELOPMENT, INC.

	
 

	
SOTHEBY’S
 THAILAND, INC.

	
 

	
SOTHEBY’S
 HOLDINGS INTERNATIONAL, INC.

	
 

	
SOTHEBY’S
 NEVADA, INC.

	
 

	
SOTHEBYS.COM
 AUCTIONS, INC.

	
 

	
SIBS, LLC

	
 

	
SOTHEBY’S.COM
 LLC

	
 

	
SOTHEBY’S
 RES, INC.

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name:
 William S. Sheridan

	
 

	
 

	
Title:    EVP
 and CFO

	
 

	
 

	
 

	
 

	
SOTHEBY’S

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name: William
 S. Sheridan

	
 

	
 

	
Title:    EVP
 and CFO

Sotheby’s - Amendment No. 6 to Amended and Restated Credit Agreement

	
 

	
 

	
 

	
 

	
SOTHEBY’S,
 INC.

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name:
 William S. Sheridan

	
 

	
 

	
Title:    EVP
 and CFO

	
 

	
 

	
 

	
 

	
OATSHARE
 LIMITED

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name:
 William S. Sheridan

	
 

	
 

	
Title:    EVP
 and CFO

	
 

	
 

	
 

	
 

	
SOTHEBY’S
 FINANCIAL SERVICES LTD.

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name:
 William S. Sheridan

	
 

	
 

	
Title:    EVP
 and CFO

	
 

	
 

	
 

	
 

	
CATALOGUE
 DISTRIBUTION COMPANY
LIMITED

	
 

	
 

	
 

	
 

	
By

	

	
 

	
 

	

	
 

	
 

	
Name:
 William S. Sheridan

	
 

	
 

	
Title:    EVP
 and CFO

Sotheby’s - Amendment No. 6 to Amended and Restated Credit AgreementEXHIBIT 10.2

SOTHEBY’S NEVADA, INC.

5600 Spring Mountain
Road, Suite 104

Las Vegas, Nevada 89102

January 23,
2008

Acquavella  Contemporary Art, Inc.

c/o Mr. William R. Acquavella

300 Pleasure Drive

Flanders, NY 11901

Dear Bill:

This letter
agreement amends the Agreement of Partnership (the “Partnership Agreement”) of
Acquavella Modern Art, a Nevada general partnership, dated May 29, 1990,
between Sotheby’s Nevada, Inc., a Nevada Corporation (“Sotheby’s Partner”),
and Acquavella Contemporary Art, Inc., a Nevada Corporation (“Acquavella
Partner”).

By prior
letters of amendment, we have agreed to extend the term of the Partnership
Agreement through March 31, 2008. By this letter of amendment, we are agreeing
to extend the term of the Partnership Agreement for one additional year through
March 31, 2009. Accordingly, each of the Sotheby’s Partner and the Acquavella
Partner hereby agree to amend Section 1.5 (iii) of the Partnership Agreement,
as heretofore amended, to delete the reference to March 31, 2008 and substitute
therefor the date of “March 31, 2009.”

Except as
amended hereby, the Partnership Agreement shall remain in full force and effect
and is hereby ratified and
confirmed.

Please sign
this letter agreement in the space provided below. Upon execution on behalf of
the Acquavella Partner, this letter agreement shall be effective as of the date
of this letter.

SOTHEBY’S
NEVADA, INC.

	
 

	
 

	
By:

	

	
 

	

	
 

	
William F. Ruprecht, President

AGREED AND
ACCEPTED

ACQUAVELLA CONTEMPORARY ART, INC.

	
 

	
 

	
By:

	

	
 

	

	
William R. Acqauvella, President

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