DAVID SCHRADER APPOINTED HEAD OF SOTHEBY’S PRIVATE SALES FOR CONTEMPORARY ART, NEW YORK

Sotheby’s announced today that collector David Schrader, a managing director at J.P. Morgan, has joined the auction house as the new head of private sales for contemporary art. Schrader, who has more than twenty years of experience working on Wall Street, will work with Sotheby’s global contemporary art team.

“David successfully combined a passion for art and business to build an enviable collection,” Amy Cappellazzo, chairman of Sotheby’s fine art division, said. “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.”

Previously, David Schrader worked at Bear Stearns in the late 1990s and bought his first work of art around that same time.