Art for Art's sake.
Bloomberg News reports that 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.
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