After 20 years, Tobias Meyer will leave Sotheby’s . Another effect of Dan Loeb’s storm?

Tobias Meyer, Photo Sotheby's

Tobias Meyer, Photo Sotheby’s

Tobias Meyer, Worldwide Head of the Contemporary Art Department and famous auctioneer at Sotheby’s, has announced he will leave the company after more than 20 years of career.
“He has been at the center of signature moments in Sotheby’s history for more than 20 years and we are grateful for all of his contributions,” said The CEO Bill Ruprecht about the leaving of Meyer, coinciding with the e piercing of his contract. “We wish Tobias nothing but good fortune.”
Meyer joined the company in 1992 as Head of the Contemporary Art Department in London, becoming Worldwide Head of Contemporary Art Department five years later.
This is happening at a time of controversy born a few weeks ago from one of the largest shareholders of Sotheby’s, the hedge fund manager Dan Loeb, who had pointed the finger at Ruprecht and the waste of money for the company, combined with lower performance than the historic rival Christie’s. Last week in New York Sotheby’s has achieved the highest total in its history for an auction of contemporary art, but nothing compared to the result of Christie’s, which has flown by $ 300 million higher.

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One thought on “After 20 years, Tobias Meyer will leave Sotheby’s . Another effect of Dan Loeb’s storm?

  1. Pingback: Sotheby’s tale with activist investor Daniel Loeb continues | Art Market Talks

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