For some individuals, it was and is a solid supplemental income. NAA designation classes and regular auction schools have seen more and more in the way of first-generation auction professionals entering the industry. Well, reporter friend, there are many great examples of families doing quite well, but auction certainly isn't limited to just that. The reporter I spoke with seemed surprised to hear that auction isn't just a collection of family-run businesses these days.
This has led to more instances of someone coming from outside the auction industry to lend their own experiences and talents, even at the highest levels.īut, while Smith and Sotheby's has become newsworthy, it is important to note that such a move has become more common than one may think. For all its romance, history and deserved attention for bid-calling, auction is a method of marketing - one that provides a unique and effective set of selling strategies - and more people are coming to understand the power of the method.
#Aes management inc tad smith professional#
It is important to note Smith's move is about a media and entertainment professional taking on the challenge of re-raising an established company's stature.
News broke this week that Tad Smith will jump from his perch as CEO of Madison Square Garden at the end of March to take over as CEO at famed auction company Sotheby's.Īfter receiving an inquiry from a national media outlet asking whether this kind of move is common - for business leaders outside the auction industry to be asked to come in and assume top roles - it seems prudent to explore why the high-profile and exciting Smith-to-Sotheby's story is important to the auction industry and why it serves as an example on a couple of trends the National Auctioneers Association believes it has seen growing the past several years.
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