Sotheby’s CEO Ruprecht Earned $7 Million, Up 18%, as Sales Rose

Sotheby’s (BID) Chief Executive Officer William F. Ruprecht earned $7 million in 2011, up 18 percent from a year earlier, as the New York auction house reported the second-most-profitable year in its history.

Ruprecht received a salary of $700,000, stock awards valued at $4.2 million, “incentive compensation” of $1.9 million and other compensation -- including automobile allowance, club dues and personal financial-planning fees -- of $230,056 according to a filing today with the Securities and Exchange Commission.

“Mr. Ruprecht was responsible for securing a number of the company’s most high-value and successful auction and private sales consignments,” Sotheby’s said in the filing.

The auctioneer had profit of $171.4 million last year, second only to 2007, when it earned $213.1 million.

Its shares fell 37 percent last year, and dropped 57 cents today to $39.94 in New York Stock Exchange composite trading. The shares are below their peak of $57.64 reached on Oct. 10, 2007.

To contact the reporter on the story: Philip Boroff in New York at

To contact the editor responsible for this story: Manuela Hoelterhoff at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.