Sotheby’s has announced the appointment of David Schrader as Head of Private Sales for Contemporary Art, New York. Mr. Schrader will join Sotheby’s after nearly two decades on Wall Street, most recently as a Managing Director at J.P. Morgan dealing with some of the world’s largest financial institutions. During that time, he also established himself as a respected collector of Post-War and Contemporary Art. In his new role, he will work with Sotheby’s Global Contemporary Art Team and bring his perspective and acumen as a sophisticated collector.
“David successfully combined a passion for art and business to build an enviable collection,” said Amy Cappellazzo, Chairman of Sotheby’s Fine Art Division. “Over a 20 year period, he systematically refined his collection through thoughtful acquisitions and sales, gaining the respect of prominent dealers and collectors. His talent as a seasoned market player and collector is a formidable addition to our team and his appointment is another step forward as we continue to harness the dynamic changes impacting the art world today.”
David Schrader began on Wall Street at Bear Stearns in the late 1990s and bought his first work of art around that same time. His professional path took him to Credit Suisse before spending the past five years at JP Morgan. His interest in collecting grew as he built a successful career in finance and his market intelligence is particularly deep on artists including, Josef Albers, Mark Grotjahn, Yayoi Kusama, Sol Lewitt, Gerhard Richter, Ed Ruscha, Rudolf Stingel, Andy Warhol, and Christopher Wool, among others.
Cappellazzo added, “Research has always played a significant role in David’s collecting journey – from visiting galleries every weekend and traveling to fairs, to the analysis of data on artists and individual works. The quick pace of technological development presents, even more, transparency and access to data in today’s market, and David’s approach is a seamless fit into Sotheby’s ethos.”
Mr. Schrader will begin at Sotheby’s in the near future.