Goldman Sachs Partner Carlotti Nixes Finance for Fine Art World

  • Will join Sotheby’s as global head of business development
  • Carlotti is among array of financiers lured by Sotheby’s

Financiers just can’t stay away from Sotheby’s -- and not just for its Warhols.

After more than two decades on Wall Street, Goldman Sachs Group Inc. partner Valentino Carlotti is swapping a career in investment banking for one in fine art by moving to Sotheby’s as global head of business development.

Valentino Carlotti

Photographer: Chris Goodney/Bloomberg

Carlotti, 51, is among a posse of money men who’ve taken senior leadership roles at the auction house. They include: David Schrader (ex-JPMorgan Chase), who joined earlier this year as head of contemporary art private sales; Chief Operating Officer Adam Chin (ex-Centerview Partners banker) and Chief Financial Officer Mike Goss (ex-Bain Capital). And then there’s hedge fund manager Daniel Loeb, Sotheby’s No. 2 shareholder.

Like Loeb, Carlotti is an art patron. He’s a trustee of Carnegie Hall, the Guggenheim Museum, the American Ballet Theatre, Jazz at Lincoln Center, and the Studio Museum in Harlem. Two years ago, he made headlines as a benefactor of ABT star Misty Copeland; It will honor Carlotti at its Fall Gala on Oct. 18.

The Goldman exec, who will also be a Sotheby’s executive vice president, starts on Oct. 30, just in time for the bellwether auctions in New York in mid-November.

— With assistance by Dakin Campbell, and Amanda L Gordon

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