Business Director, Private Sales
ABOUT SOTHEBY'S
Established in 1744, Sotheby’s is the world’s premier destination for art and luxury. Sotheby’s promotes access to and ownership of exceptional art and luxury objects through auctions and buy-now channels including private sales, e-commerce and retail. Our trusted global marketplace is supported by an industry-leading technology platform and a network of specialists spanning 40 countries and 70 categories which include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits, and Design, as well as collectible cars and real estate. Sotheby’s believes in the transformative power of art and culture and is committed to making our industries more inclusive, sustainable and collaborative.
THE ROLE
Business partner to the Americas Global Fine Art departments focused on driving revenue for Private Sales via P&L and pipeline management. Accountable for consignment and sale execution along with structuring financial deals and corresponding legal agreements. Manage volume, deal complexity and client expectations whilst keeping corporate profitability targets in the forefront. Control financial concessions to maximize recoveries to increase profit and mitigate risk. You can think analytically, synthesize quantitative and qualitative information, and are excited by proactive problem solving.
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RESPONSIBILITIES
Financial
- Partner with relationship managers and senior business getters to drive sales and revenue stream accountability; accountable for tracking deal movement on weekly basis with reference to the overall annual goals. Responsible for pipeline presentation and discussion with heads of departments, specialists, and relationship managers
- Oversee and lead consignments from negotiations until final settlement, with oversight from senior Business Management where appropriate
- Budget planning preparation in partnership with GM, head of sale and/or head of department.
- Partner with financial analyst for (1) month end close (2) forecasting (3) general ongoing P&L maintenance
- Develop financial models/scenarios to support deals for all revenue streams; approve/escalate for commercial team approval where appropriate
- Deal related cost review and approval
- Translate financial results and KPIs into operational recommendations to optimize the business.
- Private Sales incentive review/approval/accountability, where appropriate.
- Work with Pre and Post sale on Sale settlement to maintain a high-level oversight.
Operations
Oversee private sale exhibition calendar and execution of corresponding shows in New York and Los Angeles as well as any potential pop-up projects within the region from both operation and financial planning perspective
In partnership with operations manage department inventory
- Assisting with various Post Sale issues where there are financial impacts (e.g. shipping, export licenses, tax(es), etc)
Legal/Compliance
- Oversight of templated legal agreements drafted by pre-sale administration
- Partner with legal on all contract negotiations (consignment, introductory commission, vendor, consultant); escalating to senior business management where appropriate
- Point of contact/escalation for Tax, VAT, Taxe Forfetaire, etc
Strategic Analysis
- Research potential additional revenue streams and/or type of property offered for long term strategy and growth in collaboration with the GM
- Build and support presentation of post-sale reports and/or other-directed analysis with input from business intelligence, as appropriate
Procurement
- Review and approval of all sale, dept costs as well as business getter travel expenses
- In partnership with GM, propose, manage, and implement efficiencies, integration and adoption for new IT and digital improvements aligned to overall responsibilities
IDEAL EXPERIENCE & COMPETENCIES
- Educated to Degree level (MBA or other post graduate business-related qualifications are an advantage)
- Post qualification business experience, ideally in a financial or business support role
- Excellent math and numeracy skills with deep understanding of financial terminology
- A solid understanding of the art world, and ideally experience in an international auction house
- Ability to communicate at all seniority levels; strong communication skills as it relates to delivering key financial commentary on sales budget, forecast, and achievements to both senior management and specialist departments
- Ability to work under pressure and to very tight deadlines
- Capable of pro-actively manage own workload with minimal supervision
- Confident team player, capable of working well independently and as part of a busy team
- Highly organized, detail oriented, multi-tasker
- Creative problem solver, energetic and persistent
- Excellent Microsoft Office skills; fluent in Excel, insightful author of complex formulas
- Fluent in English, other European or Asian languages would be an advantage
The proposed base salary for this position ranges from $100,000-$120,000. In addition to base salary successful candidates are eligible to receive a discretionary bonus, as well as a competitive benefits package. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, licensure or certifications obtained. Market and organizational factors are also considered.
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The Company is an equal opportunity employer and considers all applicants for employment without regard to race (including, without limitation, traits historically associated with race, such as natural hair, hair texture, and protective and treated or untreated hairstyles), color, creed, religion, sex, sexual orientation, marital or civil partnership/union status, national origin, age, disability, pregnancy, genetic predisposition, genetic information, reproductive health decision, sexual orientation, gender identity or expression, alienage or citizenship status, domestic violence victim status, military or veteran status, or any other characteristic protected by federal, state/province or local law. The Company complies with applicable state and local laws prohibiting discrimination in employment in every jurisdiction in which it operates.
Perks and Benefits
Health and Wellness
Parental Benefits
Work Flexibility
Office Life and Perks
Vacation and Time Off
Financial and Retirement
Professional Development
Diversity and Inclusion