Sotheby's Acquires Art Agency, Partners to Launch New Fine-Art Division
Sotheby's has acquired the consultancy Art Agency, Partners, as reported by The New York Times. The firm is led by Amy Cappellazzo, previously chairwoman of Christie's postwar and contemporary-art development, alongside art advisor Allan Schwartzman and Adam Chinn, co-founder of Centerview Partners and a former partner at Wachtell, Lipton, Rosen & Katz. This acquisition will establish a new fine-art division at Sotheby's focusing on 20th- and 21st-century art. The move aims to boost profits, expand private sales, and grow the client base. Cappellazzo's background includes a key role at rival auction house Christie's. The consultancy's integration into Sotheby's marks a strategic effort to enhance its market position. The deal was announced in January 2016, with the new division set to drive growth in contemporary art sectors.
Key facts
- Sotheby's acquired Art Agency, Partners
- The consultancy is led by Amy Cappellazzo, Allan Schwartzman, and Adam Chinn
- Amy Cappellazzo was former chairwoman of Christie's postwar and contemporary-art development
- Adam Chinn is co-founder of Centerview Partners and former partner at Wachtell, Lipton, Rosen & Katz
- The acquisition creates a new fine-art division at Sotheby's
- The division focuses on 20th- and 21st-century art
- The goal is to increase profits, build private sales, and grow client base
- The New York Times reported the acquisition in January 2016
Entities
Institutions
- Sotheby's
- Art Agency, Partners
- Christie's
- Centerview Partners
- Wachtell, Lipton, Rosen & Katz
- The New York Times