Goldman Sachs Partner Carlotti Nixes Finance for Fine Art WorldBy
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.
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