Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Ulmer David
 2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2006		 3. Issuer Name and Ticker or Trading Symbol
SOTHEBYS HOLDINGS INC [BID]
(Last)
(First)
(Middle)
38500 WOODWOOD AVENUE, SUITE 100		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP Chief Tech & Strat Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
01/24/2006
(Street)

BLOOMFIELD HILLS, MI 48304		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option-Right to Buy (1)   (2) 10/30/2007 Class A Limited Voting Common Stock 12,000 $ 18.6875 D  
Employee Stock Option-Right to Buy (1)   (3) 02/24/2010 Class A Limited Voting Common Stock 25,000 $ 18.875 D  
Class A Limited Voting Common Stock   (5)   (5) Class A Limited Voting Common Stock 14,438 (4) $ (5) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ulmer David
38500 WOODWOOD AVENUE
SUITE 100
BLOOMFIELD HILLS, MI 48304		       SVP Chief Tech & Strat Officer  

Signatures

/s/ David Ulmer 03/01/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Granted under the Issuer's 1997 Stock Option Plan.
(2) 2,400 options vested on each of 10/30/98, 10/30/99, 10/30/00, 10/30/01 and 10/30/02.
(3) 5,000 options vested on each of the following 2/24/01, 2/24/02, 2/24/03, 2/24/04 and 2/24/05.
(4) Includes 11,855 shares of restricted stock awarded under the Issuer's 2003 Restricted Stock Plan that have not yet vested.
(5) Not Applicable
 
Remarks:
This Amendment is being filed to correct Mr. Ulmer's job title.  The correct title is "Senior Vice President, Chief Technology and Strategy Officer".

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.