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Tuesday, 17 March 2015 11:04

Sotheby’s Appoints New CEO

After a tumultuous year, Sotheby's,  announced that its Board of Directors has concluded its CEO search and appointed Tad Smith, as president and chief executive officer, effective 31 March 2015.  Smith will also join the Sotheby's board of directors.

Smith, 49, was formely president and CEO of the Madison Square Garden Company (since February 2014). He oversaw the overall strategy and day-to-day operations of MSG Sports, MSG Media, and MSG Entertainment.

Published in News
Friday, 21 November 2014 13:16

Sotheby’s CEO William F. Ruprecht to Step Down

Sotheby’s today announced that its Board of Directors has begun a search for the Company’s next Chief Executive Officer and that William F. Ruprecht will step down by mutual agreement with the Board. Mr. Ruprecht, who has served as CEO since 2000, will continue as Chairman, President and CEO until his successor is in place to ensure a smooth transition.

The Board has formed a Search Committee to oversee the recruiting of a new CEO and has retained Spencer Stuart, a leading executive search firm, to assist in the process. The Committee is led by Domenico De Sole, Lead Independent Director.

Mr. De Sole said, “The Board is focused on ensuring a smooth transition that will facilitate Sotheby’s continued success. As we move to new leadership, the Board is sharply focused on upholding the world-class standard of excellence that Sotheby’s has long represented to our clients and achieving Sotheby’s full long-term potential for the benefit of our shareholders. We are moving with a sense of urgency but we will take the time we need to find the right leader for Sotheby’s at this critical juncture in its continuing evolution.”

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Starting July 1, 2013, New York’s Metropolitan Museum of Art will stay open seven days a week for the first time in over forty years. The museum is currently closed on Mondays with the exception of holidays that fall on a Monday. Opening hours will also be moved from 9:30am to 10am.

Thomas Campbell, the Met’s director and CEO, made the announcement on Thursday, March 28, 2013. The goal of the increased hours of operation is to make the museum more accessible to patrons. A record 6.28 million people visited the Met last year and Campbell hopes to maintain the museum’s ongoing success.

The changes also apply to the Cloisters, the Met’s museum of medieval art and architecture located in Fort Tryon Park in northern Manhattan.  

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The Metropolitan Museum of Art in New York announced that on January 18, 2013, the number of visitors to the New Galleries for the Art of the Arab Lands, Turkey, Iran, Central Asia, and Later South Asia hit the one million mark. The renovated galleries, which reopened to the public on November 1, 2011, draw approximately 2,550 patrons each day.

The Met’s Islamic Art collection, which is comprised of over 1,200 works and spans 1,300 years, is considered one of the most comprehensive collections of its kind. The holdings are presented in 15 different galleries, the result of an eight-year project that included renovations, expansions, and reinstallations.

Thomas P. Campbell, Director and CEO of The Metropolitan Museum of Art, said, “Since these galleries reopened in their new configuration just over a year ago, we have been truly gratified by the exceptional interest that our visitors – both local and international – have taken in this newly conceived presentation of Islamic art.”

To commemorate the Met’s milestone, the one-millionth visitor to the Islamic art galleries received a catalogue of the collection.

Published in News
Monday, 24 December 2012 11:15

Simon de Pury Leaves Phillips de Pury & Company

On December 23, Swiss auctioneer and art collector, Simon de Pury, stepped down as Chairman of the New York-based auction house, Phillips de Pury & Company. The announcement was a shock to many as de Pury has helmed the business for the past twelve years. The Russian firm, Mercury Group, recently completed the acquisition of de Pury’s remaining shares in the company.

Phillips’ CEO, Michael McGinnis, said, “Simon has served as a tireless ambassador for the Company and a compelling presence at the podium. We thank him for his spirited enthusiasm, leadership and dedication.”  

Beginning in the New Year, the auction house will revert to its original name, Phillips, from its founding in 1796. The company, which specializes in contemporary art and design, has operated under the name Phillips de Pury and Company for the past eight years. In addition, starting in February 2013, the auction house will begin the expansion of its Manhattan headquarters on Park Avenue, adding more gallery and office space.

Published in News
Wednesday, 31 October 2012 13:20

Christie’s Americas Welcomes a New President

Christie’s announced this week that it has named Doug Woodham the president of Christie’s Americas. Woodham has spent the last 20 years working in finance, technology, and business, holding jobs at UBS Wealth Management and Moody’s KMV, an analytics company that helps capital markets and credit risk management professionals worldwide.

Christie’s former president, Marc Porter, is now the international head of private sales and will continue to serve as the chairman of Christie’s Americas. Woodham, who will report directly to Christie’s CEO Steven Murphy, will be responsible for the overall management of the company in the Americas.

Woodham’s art world experience includes a two-year stint as the co-chair of the American Fellows patron program at the Whitney Museum of American Art. He played a pivotal role in developing a financial plan for funding the Whitney’s new building; a Renzo Piano designed the $750 million structure that will open in New York’s meatpacking district in 2015.

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