Christie's former chief executive Edward Dolman is to become chairman and chief executive officer of Phillips this summer.
The news broke as he announced that he was to quit as executive
director of the Qatar Museums Authority, a post he took up on
leaving Christie's in 2011.
Mr Dolman takes over from Michael McGinnis, who
will remain as the company's chief business getter. Mr McGinnis
became chief executive after Simon de Pury, who recreated the
company in its latest guise as a specialist auctioneer in
Contemporary art, photography, design and jewellery, quit in early
Now based in London and New York, Phillips as it stands today
emerged from a series of sales and takeovers that started with de
Pury acquiring the rump of the traditional auction firm when much
of Phillips was sold by then owner Bernard Arnault to Bonhams in
2001. Mr Arnault sold his remaining stake to de Pury and his then
partner, Daniella Luxembourg, in 2003, and at that point they
changed the name to Phillips de Pury Luxembourg.
In 2004, Ms Luxembourg sold her stake and left to launch an art
investment company, with the firm changing its name once more, this
time to Phillips de Pury & Company.
The Moscow-based luxury retail giant Mercury Group bought a
majority stake in the autumn of 2008, with de Pury remaining as
chairman. He finally quit when he sold his remaining stake to
Mercury at the end of 2012.
Mr Dolman's plans have yet to emerge, but with his decades of
experience and extensive contacts, expanding the business by
broadening its specialisms is expected to be at the forefront of
Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.