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PREVIEW VERSION
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Welcome to Wall Power’s Inner Circle. I’m Marion Maneker.
Tonight, we have a special guest, Christie’s new chairman of the board, former C.E.O. Guillaume Cerutti.
I’m going to dispense with the usual structure of these emails and jump straight to my exit interview with Guillaume, in which we look back at his time at the helm of the auction house and discuss the broad challenges of running Christie’s. Guillaume was generous with his time, as well as open and
reflective about his experiences. In a brutally competitive business, he candidly acknowledges where he feels Christie’s was bested. But he also takes great pride in the discipline and teamwork he was able to instill at his company. His affection for Christie’s, and the people who work there, also comes through. And, for that reason, I’m running Part I of our conversation at some length.
So let’s get to it…
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The outgoing C.E.O. and new chairman of the board at Christie’s talks teamwork, profits,
and, of course, the major reorg he undertook during his eight years at the helm.
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Guillaume Cerutti, the stoic French executive, began his
tenure at Christie’s at a moment of extraordinary change for the auction house. Upon his appointment as C.E.O. in 2016, Cerutti immediately set about reorganizing the company, scaling up luxury sales, and instilling financial discipline within his team. One of his first and most controversial moves was to shutter the South Kensington facility, where a substantial portion of the lower-value trade in antiques and works of art was conducted.
Cerutti also pivoted the organization to focus on the growth of luxury goods. A year after his arrival, he presided over the sale of...
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