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.