Category: Human Resource Management

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    In early 2019, the art world was bracing for a major shakeup. As a consequence of its $11 billion takeover of rival Phillips, the world’s second largest fine art auction house, Sotheby’s was widely predicted to be overtaken by newer, online-focused rivals like Christie’s and Phillips de Pury. While it was unclear whether these would be genuine threats or merely speculative scares, the reaction to the takeover indicated a fundamental shift in the art marketplace

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    I was an insider, a third-party observer to the painting market for years, and a frequent customer of Sotheby’s, the world’s largest art auction house, when they announced their ambitious project to revamp their website. I saw the “We Have Your Back” video, which showcased the progress and promised great things to come. They called this initiative the “Art of Shop”— an ambitious redevelopment of Sotheby’s website which would be a 15-17 billion-dollar