Top Execs to Exit Sotheby's in Latest Shake-Up

  • December 04, 2019 11:42

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Sotheby’s set a new world auction record for any work of Impressionist art when Claude Monet’s iconic ‘Meules’ sold for $110.7 million in New York on May 14, 2019.

Several top executives at Sotheby's will be leaving, some voluntarily and some not, according to party buzz at the Art Basel circuit in Miami, reported Page Six.

August Uribe (former Vice Chairman, Americas) is among up to a dozen staffers reported to be out of the auction house, many from corporate positions, following the June purchase of the company by French-Israeli telecom mogul Patrick Drahi. Sotheby's is now privately held after being acquired in a near $3.7 billion deal by Drahi's BidFair USA.

According to his LinkedIn profile, Uribe's position as of December 2019 is "Garden Leave."

Also heading out are former operations and chief transformation officer Ken Citron; former managing director of Europe and the Middle East and executive vice president Jan Prasens; among several others, reports the Observer.

In October, Charles F. Stewart replaced Tad Smith as Chief Executive Officer.

Read more at Page Six


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