Auction house Sotheby's conducting a major restructuring after a change of leadership
ARTinvestment.RU   19 декабря 2019

It is planned to create two main divisions: visual arts (Fine Arts) and luxury goods, decorative-прикладного art, and objects (Luxury, Art and Objects)

This information appeared a few weeks later after the new CEO of Sotheby's was Charles Stuart.

the Department of fine arts will include the current division of Sotheby's Fine Art, i.e. modern art, impressionism, British and Latin American art, as well as departments of art by old masters and works of the nineteenth century. To oversee the expanded Department of fine art, as before, will Amy Cappellazzo,occupying the post of head of the Department in 2016.

the Department of Luxury, Art and Objects will include such categories as jewelry, wine, watches, books and art Asia.

the Newly created division products and technologies will help both departments; it will be headed by Stefan Pepe, who came to Sotheby's after 10 years of working in the Amazon.

Dividing the auction house on two large divisions, Stewart hopes to "reduce the gaps that exist between the Department of visual art, business and regional organizations."

as part of the restructuring last month was laid off about 20-30 employees from those of the control composition, including Valentino Carlotti, head of business development, who received severance pay in the amount of $3.9 million, and Ted Smith, former CEO of Sotheby's who received severance pay in the amount of $28.2 million

last week resigned Clive Lord, chief operating officer of the auction house in London.

thought Franco-израильского telecommunications billionaire Patrick Drahi, acquired Sotheby's earlier this year for $3.7 billion, all of these actions should lead to optimization of business-процессов and a significant reduction in costs. According to various estimates, in the next year, he can reduce the costs of the auction house by $66 million to $100 million.

the Material was prepared by Maria Kuznetsova, AI

Source: artsy.net