Associate Account Manager at Sotheby’s

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Art, Luxury Goods, Auctions, Financial ServicesIndustries

Requirements

Possess detailed knowledge of the types of valuations and requirements as well as IRS requirements
Ability to establish and maintain strong working relationships with Sotheby's colleagues across many departments, as well as external clients including bankers, lawyers, advisors, family offices and collection managers

Responsibilities

Act as project lead for and provide support to SFS-focused Valuations and large quick turnaround projects and as valuation project manager for large, complex, long-term valuations frequently requiring organization of specialists and regional staff
Manage the entire valuation process including but not limited to: communicating and managing client expectations; preparing valuation proposals and agreements; carrying out pre-valuation walk-throughs or document review; calculating and communicating to the client associated fees, organizing, scheduling and accompanying specialist team on client visits; following up with specialists regarding values, comparables and/or comparable basis paragraphs; setting, communicating and monitoring deadlines to clients and specialists; managing the movement of documents through the production and proofing process and producing and reviewing final documents to ensure product meets Sotheby’s high appraisal standards and sending these to the client
Pro-actively build valuation opportunities through relationship development and maintenance of internal and external client relationships
Ability to identify other business opportunities throughout the valuation process and engage the appropriate colleagues, creating proposals and acting as lead Consignment Manager when necessary
Work with Proposals, Consignment Management, Client Strategy and Fiduciary Client Group on sale and estate related projects as needed
Attend on-site and off-site events as required
Participate in internal meetings, serving as a representative of Valuations
Other strategic and ad hoc projects as assigned by Head of Department and/or Director of Account Management
Serve as a reliable contact to colleagues outside of the department, assisting with agreements, valuation output, finals and other misc. requests
Review record center requests and assist with recalling files
Other ad hoc projects

Skills

Key technologies and capabilities for this role

Project ManagementClient LiaisonValuationsAdministrative SupportArt CollectionsFinancial ServicesSpecialist Coordination

Questions & Answers

Common questions about this position

What is the salary or compensation for the Associate Account Manager role?

This information is not specified in the job description.

Is this Associate Account Manager position remote or does it require office work?

This information is not specified in the job description.

What key skills are required for the Associate Account Manager role?

Key skills include project management for complex valuations, managing the full valuation process from proposals to final documents, detailed knowledge of valuation types and IRS requirements, and establishing strong relationships with colleagues and clients.

What is the company culture like at Sotheby’s Financial Services?

The SFS team unites around the goal of leading the future of art financial services, combining the spirit of a fintech startup with the stability of a large established organization.

What makes a strong candidate for the Associate Account Manager position?

Strong candidates excel in managing large, complex valuation projects, handling the full process including client communication and specialist coordination, and building relationships across departments and with clients.

Sotheby’s

Auction house for fine art

About Sotheby’s

Sotheby's is a global auction house that specializes in selling fine art, luxury items, and collectibles through live and online auctions, as well as private sales. The company provides online estimates to help sellers determine the value of their items, which is a key differentiator from competitors. Sotheby's holds auctions in major cities worldwide, attracting a diverse audience and ensuring a competitive market for high-end items. The goal is to connect buyers and sellers in the luxury market while offering a personalized and discreet experience.

New York City, New YorkHeadquarters

1744Year Founded

$4MTotal Funding

POST_IPO_EQUITYCompany Stage

Real Estate, Consumer GoodsIndustries

1,001-5,000Employees

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

Risks

NFT market volatility poses financial risks for Sotheby's digital collectibles sales.

Recent staff layoffs indicate potential financial instability or auction performance downturn.

The $100 million Breuer building acquisition could strain financial resources if unprofitable.

Differentiation

Sotheby's offers both live and online auctions, catering to diverse client preferences.

The company provides private sales for clients seeking privacy and exclusivity in transactions.

Sotheby's expertise in valuing rare items attracts high-end collectors and investors.

Upsides

Sotheby's collaboration with The Luxury Group offers unique luxury auction experiences.

The acquisition of the Breuer building enhances Sotheby's brand and auction venue prestige.

Sotheby's acceptance of cryptocurrency payments attracts crypto-wealthy buyers.

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