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Joseph K. Levene Fine Art, Ltd.
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25 Central Park West, New York, NY 10023
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#UgoRondione creates 7 candy colored neon sculptures in the Las Vegas desert.
bitly.com/UgoRondinoneCandyColorSculpture
 
#UgoRondione creates 7 candy colored neon sculptures in the Las Vegas desert.
bitly.com/UgoRondinoneCandyColorSculpture
On Monday, way out in the desert outside of Las Vegas where the bodies are buried, the artist Ugo Rondinone unveiled one of the most monumental Earth works of the past 40 years, seven neon limestone edifices called the
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+Sotheby's CEO #TadSmith  has change of heart, now stating $40 million buy-out, which resulted in 5% staff eduction of 80 employees could adversely impact +Sotheby's ability to compete.
https://twitter.com/JKLFA/status/730271708842700801
bitly.com/TadSmithFlipFlops
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+Sotheby's decision to purchase Art Agency Partners for $50 million backfires resulting in financial disaster, management chaos and client uncertainty.

CEO #TadSmith was certain Art Agency Partners would generate substantial private sales revenue, which has not materialized.

The decision to have senior staff report to #AmyCappellazzo and #AllanSchwartzman resulted in a mass exodus of 14 senior staff members, clearly overlooked by the naive Sotheby's CEO who has zero art experience as executive and collector, a giant mistake.
https://twitter.com/JKLFA/status/729799504984190977
http://bit.ly/SothebysManagementDisaster
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Fiat 500L #PopeFrancis used in New York City fetches at least $300K at auction benefiting Catholic charities.
http://bit.ly/PopeFrancisFiat500L
 
Fiat 500L #PopeFrancis used in New York City fetches at least $300K at auction benefiting Catholic charities.
http://bit.ly/PopeFrancisFiat500L
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Solidarity resignation exodus of 15 +Sotheby's fine art senior staff, representing 335 years combined experience creates unprecedented client uncertainty/instability as CEO #TadSmith celebrates one year anniversary. Tad Smith tenure as CEO blemished by parade managerial missteps; -40% decline in value Sotheby's stock; -63% decrease profit; -3% sales decline, all reducing shareholder value.
 
Solidarity resignation exodus of 15 +Sotheby's fine art senior staff, representing 335 years combined experience creates unprecedented client uncertainty/instability as CEO #TadSmith celebrates one year anniversary. Tad Smith tenure as CEO blemished by parade managerial missteps; -40% decline in value Sotheby's stock; -63% decrease profit; -3% sales decline, all reducing shareholder value.

The massive staff resignations come on the heals of CEO Smith's inappropriate decision to buy 2 year old Art Agency Partners start-up for $85 million, immediately providing $20 million windfall each to +Christie's veteran #AmyCappellazzo and art advisor #AllanSchwartzman,  the latter with zero auction house experience.

Bizarrely, Smith not only decided to disrupt Sotheby's senior staff pay scale by paying $20 million each to Cappellazao & Schwartzman,  but ignorantly promoted the Cappellazzo/Schwartzman team to fine art co-chairman, resulting in chaos and resentment as the combined 335 year tenure of experience team was forced to report to the start-up twins.

Ignorantly #TadSmith believed Art Agency Partners would immediately solve Sotheby's private sales deficiency, but failed to anticipate the management chaos caused by the $85 million acquisition .

It is only a question of time shareholders and activist   can remain patient given the destructive track record of  CEO Tad Smith. 
Most likely, Dan Loeb will be forced to replace Smith  when he recognizes staff and client turmoil is only exacerbated each day he remains CEO.

Here is roster of 15 Sotheby's employees who have resigned, including their respective years service:

#AileenAgopian, 5 years
Senior VP, International senior contemporary art specialist

#MelanieClore, 35 years
European chairman and worldwide co-chairman of Impressionist and modern art

#AnthonyGrant, 26 years
Vice Chairman, international senior specialist, contemporary art

#MietyHeiden, 18 years
Senior VP,  head of contemporary private sales for North America

#PatrickMcClymont, 2 years
Chief financial officer

#DavidNorman,  31 years
Vice chairman of Sotheby's Americas

#ScottNussbaum, 12 years
Contemporary art specialist

#AlexRotter   15 years
Global co-head contemporary art department

#PollySartori, 15 years
Head of 19th-century European paintings

#MatthewWeigman, 31 years
Director, worldwide sales publicity

#WarrenWeitman, 37 years
Chairman for North and South America

#CheyenneWestphall   25 years
Global co-head contemporary art department

#ElaineWhitmire, 35 years
Vice chairman, head of specialists, decorative arts

#HenryWyndham, 22 years
Chairman of Sotheby's Europe

#MitchellZuckerman, 27 years
Executive VP of global operations

http://bit.ly/SothebysSolidarityExodus
Sotheby's is facing a challenging spring season ahead amid an exodus of senior staff and new management initiatives.
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Have them in circles
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Happy Birthday Jasper Johns!

Read Jasper Johns on +Flipboard  #JasperJohns  articles selected by +Joseph K. Levene Fine Art, Ltd.
http://bitly.com/JasperJohnsFlipboard
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Google hires #JeffKoons to create bargain priced limited edition:
bitly.com/JeffKoonsNexus
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+Gagosian Gallery helps +The Andy Warhol Museum acquire Sailboats, one of only five paintings from Paint By Numbers series
http://bit.ly/AndyWarholSailboats
The Andy Warhol Museum has a wish list of pieces that it has always wanted for the collection. “Do It Yourself (Sailboats)” was one of them.
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Multi-century list of greatest art crimes
bitly.com/ArtCrimes
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Many artists block public sale of artwork gifted to friends, including   #RichardAvedon Foundation,   #CadyNoland  and #RichardPrince .
http://bitly.com/DontSellArtistGifts
 
Many artists block public sale of artwork gifted to friends, including these artists: #RichardAvedon Foundation,  #CadyNoland  and #RichardPrince .
http://bitly.com/DontSellArtistGifts
Recent disputes between artists, foundations and consignors are drawing attention to the often ill-defined rules governing the sale of art given as a gift by the artists who made them. It is a se...
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25 Central Park West New York, NY 10023
25 Central Park WestUSNew YorkNew York10023
Art Gallery, Art Center
Art Gallery
Art Center
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Today 10AM–6PM
Monday 10AM–6PMTuesday 10AM–6PMWednesday 10AM–6PMThursday 10AM–6PMFriday 10AM–6PMSaturday ClosedSunday Closed
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Gallery for blue-chip paintings, sculpture & photography, plus works by Andy Warhol & Jasper Johns.- Google
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Have them in circles
886 people
The Wine Wankers's profile photo
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