David Schrader used his interest in art as an ice-breaking sales tool with his hedge fund clients. Now he’s going to sell art to those same clients for Sotheby’s. It was announced this morning that Schrader would be joining the firm in private sales.
The move is a present-day version of Sotheby’s hiring of Jamie Niven who provided the firm with strong contacts in finance and the social world. But as the hedge fund universe contracts, the move may be an example of chasing a trend that is past its peak.
Sotheby’s recently hired the director of the Andy Warhol museum as the Warhol market entered a prolonged pullback.
Schrader is well-known among his clients for his passion for trading art for himself and his savvy eye. Katya Kazakina got the exclusive and she gives us some of Schrader’s background and best trades:Continue Reading