Profile

Cover photo
Verified local business
Joseph K. Levene Fine Art, Ltd.
Art Gallery
Today 10AM–6PM
887 followers|592,148 views
AboutPostsCollectionsPhotos

Stream

25 Central Park West, New York, NY 10023
7
2
Add a comment...
 
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...
View original post
2
Add a comment...
 
Follow +Joseph K. Levene Fine Art, Ltd., dealer of secondary market blue-chip fine art and fine art photography on +about.me
https://about.me/JKLFA.com
View original post
2
Add a comment...
 
+National Academy Museum & School announces controversial plan to sell 2 Fifth Avenue buildings.
http://bit.ly/NationalAcademySellsBuildings
 
+National Academy Museum & School announces controversial plan to sell 2 Fifth Avenue buildings after previously deaccessioning fine art resulting in reprimand by +Association of Art Museum Directors.
http://bit.ly/NationalAcademySellsBuildings
The artists’ society wants to use the proceeds to reinvent itself for the 21st century.
View original post
3
Add a comment...
 
+Sotheby's CEO #TadSmith  irrationally paid $20 million 2015 compensation even though Sotheby's 2015 sales and profits declined by -3% and -63%, respectively.
http://bit.ly/TadSmithIrrationalCompensation
 
Although  +Sotheby's 2015 sales declined -3%;  profit declined -63% and CEO Tad Smith's decision to guarantee Estate of Alfred Taubman left the company with $33 million of unsold art, Sotheby's novice Art CEO   still earned $20 million year one compensation.
http://bit.ly/TadSmithIrrationalCompensation
View original post
2
Add a comment...
Have them in circles
887 people
Oğuz Şahin's profile photo
Обзоры футбольных матчей's profile photo
Giuseppe Galetta's profile photo
Daniel Leighton's profile photo
Pete Kosednar's profile photo
Tony Rosenthal's profile photo
Arte Laguna Prize's profile photo
Kimberly E. Stone's profile photo
Cap Sizun - Vacances's profile photo
 
 
Fiat 500L #PopeFrancis used in New York City fetches at least $300K at auction benefiting Catholic charities.
http://bit.ly/PopeFrancisFiat500L
1 comment on original post
1
Add a comment...
 
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.
View original post
2
Add a comment...
 
Art dealers report strong fine art sales 2016 +Art Basel Hong Kong.
http://bit.ly/ArtBaselStrongSales
 
Dealers report strong fine art sales 2016 +Art Basel Hong Kong.
http://bit.ly/ArtBaselStrongSales
Hauser & Wirth gallery during Art Basel Hong Kong.Credit Lam Yik Fei for The New York Times
View original post
3
Add a comment...
 
+Sotheby's CEO #TadSmith sharply reduces shareholder value through laundry list of severe managerial mistakes, but still gets $20 million package as he celebrates one year anniversary.
http://bitly.com/TadSmithWrecksSothebys
 
+Sotheby's CEO #TadSmith, celebrates one year anniversary at auction house, receives $20 million salary and bonus in spite of sharply reducing shareholder value.
http://bitly.com/TadSmithWrecksSothebys
View original post
3
Add a comment...
Joseph K. Levene Fine Art, Ltd.'s Collections
Contact Information
Map of the business location
25 Central Park West New York, NY 10023
25 Central Park WestUSNew YorkNew York10023
Art Gallery, Art Center
Art Gallery
Art Center
Arts Organization
Consultant
Today 10AM–6PM
Friday 10AM–6PMSaturday ClosedSunday ClosedMonday 10AM–6PMTuesday 10AM–6PMWednesday 10AM–6PMThursday 10AM–6PM
Google+ URL

Street View

Panorama
Your Activity
Write a review
Review Summary
Be the first to review
Gallery for blue-chip paintings, sculpture & photography, plus works by Andy Warhol & Jasper Johns.- Google
Photos
Scrapbook photo 2
Scrapbook photo 3
Scrapbook photo 4
Scrapbook photo 5
Scrapbook photo 6
Upload public photo
People
Have them in circles
887 people
Oğuz Şahin's profile photo
Обзоры футбольных матчей's profile photo
Giuseppe Galetta's profile photo
Daniel Leighton's profile photo
Pete Kosednar's profile photo
Tony Rosenthal's profile photo
Arte Laguna Prize's profile photo
Kimberly E. Stone's profile photo
Cap Sizun - Vacances's profile photo