Full-Time

VP – Originations

Sotheby’s Financial Services

Posted on 6/18/2024

Sotheby’s

Sotheby’s

1,001-5,000 employees

Auction house for fine art

No salary listed

Expert

London, UK

This position is based in London, United Kingdom.

Category
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Requirements
  • Bachelor’s degree required; MBA preferred.
  • 10+ years of professional experience in a client-facing lending, wealth management, or similar role with a focus on sales and relationship building.
  • Individuals with prior experience as relationship managers at major auction houses and galleries will also be considered.
  • Charisma, professional demeanor, and a natural ability to connect with others internally and externally.
  • Demonstrated ability to meet and exceed targets.
  • Solution-oriented and self-directed mindset and work approach with a bias towards action.
  • Strong logical and analytical skills.
  • Prior art experience is not required, but an interest or curiosity in art or other luxury objects is encouraged.
Responsibilities
  • Proactively source new lending opportunities by partnering with Sotheby’s relationship managers and other internal stakeholders.
  • Build trust and foster working partnerships with external channels including private banks, art galleries, dealers and storage facilities in order to drive new client acquisition.
  • Work with existing borrowers to deepen and grow lending relationships with SFS.
  • Manage reactive inbound lead conversion, including consignor advances.
  • Work collaboratively with relationship managers to identify and execute new growth initiatives.
  • Guide clients through the financing process, partnering to propose solutions for individual client needs.
  • Manage client negotiations from initial lead stage through final deal terms negotiation. Serve as a relationship point of contact during the life of the loan.
  • Collaborate cross-functionally with Sotheby’s and SFS teams to ensure smooth processing and servicing of loans.

Sotheby's is a global auction house that focuses on selling fine art, luxury items, and collectibles. It caters to a wide range of clients, including private collectors, art dealers, and investors. Sotheby's conducts both live and online auctions, as well as private sales, allowing clients to choose their preferred method of transaction. The company earns revenue through commissions on sales and fees for appraisals. Sotheby's is recognized for its expertise in valuing rare items and offers online estimates to help sellers gauge the worth of their possessions. Auctions are held in major cities worldwide, attracting a diverse audience of bidders. Additionally, Sotheby's curates special collections to showcase unique items and provides private sales for clients seeking a more exclusive experience.

Company Size

1,001-5,000

Company Stage

Post IPO Equity

Headquarters

New York City, New York

Founded

1744

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Simplify's Take

What believers are saying

  • Increased interest in NFTs offers new revenue streams for Sotheby's.
  • The WatchCheck partnership enhances Sotheby's luxury watch market offerings.
  • Record-breaking whiskey sales highlight growth potential in rare spirits auctions.

What critics are saying

  • NFT market downturn could impact Sotheby's digital collectible sales.
  • Closure of Chinese eCommerce business indicates challenges in the Chinese market.
  • Staff layoffs suggest potential financial strain or strategic restructuring.

What makes Sotheby’s unique

  • Sotheby's offers both live and online auctions, catering to diverse client preferences.
  • The company provides private sales for clients seeking privacy and exclusivity.
  • Sotheby's expertise in valuing rare items attracts high-end collectors globally.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

Professional Development Budget

Company News

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