exclusive affiliate in Bermuda.

Sotheby's International Realty, based in New York, is a wholly owned subsidiary of Sotheby's Holdings, the parent of Sotheby's worldwide auction, real estate and finance operations.

Coopers will list Bermuda properties with Sotheby's, and Sotheby's vice president and regional manager Mr. William Yahn said both companies will benefit from a "comprehensive, individualised international marketing programme''.

Mr. Yahn said that may include the preparation of a property brochure to be distributed to Sotheby's network of 120 affiliate brokerage and property client lists, plus regular advertising.

Mr. Yahn said: "We selected Cooper Associates as our affiliate in this important market based on their experience and established reputation within the region's luxury residential community, along with their unsurpassed history for client service.

"Affiliate expertise such as this on the local level combined with SIR's extensive contact with international markets and clients ensures that truly exceptional homes receive the far-reaching exposure they deserve.'' Sotheby's International has direct brokerage offices in Palm Beach, Southampton, East Hampton, and New York. It also has offices in London, County Down, Ireland, Paris, Tokyo and Madrid.