NEW YORK, NY.- Sotheby’s today announced results for the fourth quarter and year ended December 31, 2010. 2010 brought the best financial results for Sotheby’s in its 267-year history, apart from 2007. Consolidated Sales* were $2.0 billion in the fourth quarter and $4.8 billion in the year, an increase of 57% and 74%, respectively. For the three and twelve months ended December 31, 2010, total revenues were $318.0 million and $774.3 million, respectively, an increase of 46% and 60%, when compared to the same periods in the prior year. This is almost entirely due to an increase in auction commission revenues stemming from strong sales around the world during the periods. In 2010, there was a 105% increase in the number of works sold over $1 million, the point at which the buyer’s premium rate decreases from 20% to 12%. As a result, offsetting the increase in auction commission revenues is a decline in auction co