Goldman partner moves on for Art's sake

Art Auction

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.

Hit the link below to access the complete Bloomberg News article:

Goldman Sachs Partner Carlotti Nixes Finance for Fine Art World

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