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Christie’s Staff Exodus Continues With Contemporary Art’s Hotz
By Katya Kazakina
Lori Hotz, a top Christie’s executive in its postwar and contemporary art department, is leaving the auction house in the latest exodus of senior employees amid declining sales.
Hotz is scheduled to exit at the end of this month from the world’s biggest auction house by sales, she confirmed Tuesday in a phone interview. Christie’s declined to comment.
Christie’s and Sotheby’s installed new chief executive officers in the past two years. The resulting shake-up has led to key employees departing their longstanding jobs -- and in some cases heading to the competition. Both auction houses are facing sliding sales following global financial volatility.
More than 20 staffers have left Christie’s in less than two years, many from Hotz’s department. Sotheby’s also has seen the exit of top dealmakers.