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MICHAEL PLUMMER

Michael Plummer

Michael Plummer – Principal

Mr. Plummer is Principal and Co-Founder of Artvest Partners LLC, an art advisory firm that counsels private clients, museums, foundations, and Fortune 500 companies on valuations, market projections, acquisitions, dispositions, and business strategies related to art. Additionally, Artvest arranges art financing for private collectors and dealers.

Since its founding in 2009, Artvest has guided clients from around the globe on projects in the billions of dollars. In 2013, while consulting for Citibank’s Equity Research Group, Mr. Plummer and Artvest concluded a groundbreaking, thirteen-year analysis of Sotheby’s that quickly led to activist investors taking sizeable positions in the company. In 2014, Mr. Plummer and Artvest were named as an Expert Witness for the Detroit Institute of Arts and the City of Detroit in the City’s Chapter 9 bankruptcy trial.

In 2013, Mr. Plummer and Co-Founder of Artvest, Jeff Rabin, acquired an art fair held annually in May at the historic Park Avenue Armory, and rebranded it Spring Masters New York. Bringing together sixty-five leading dealers across collecting categories and from around the world, the fair introduced a radical new hexagonal floor plan designed by architect Rafael Viñoly—the first of its kind in the art industry and a dramatic transformation for art fair programming in New York. Mr. Plummer is Co-Director of the fair.

Formerly Chief Operating Officer of Christie’s Financial Services, Mr. Plummer was jointly responsible for the structuring and development of an opportunistic art fund. The fund, designed as a private equity offering, was the first developed by a major auction house in partnership with a leading investment bank. Additionally, Mr. Plummer was responsible for securing art-lending facilities for Christie’s, overseeing global loan underwriting practices, developing art indices, and comprehensive art market sector analysis.

Prior to Christie’s, Mr. Plummer created one of the earliest U.S. art funds and conducted pioneering research on art as an asset class. He remains one of the art industry’s leading speakers, and has lectured at New York University, Christie’s Education, Sotheby’s Institute of Art, and The Wharton School. Additionally, Mr. Plummer’s observations on the art market are frequently quoted in The New York Times, The Wall Street Journal, The Washington Post, Bloomberg, NPR, Fox Business News, the Financial Times, and The Art Newspaper, among others.

Mr. Plummer spent the first 15 years of his career at Sotheby’s, serving as Marketing Division Head for the Americas and Asia. He was responsible for the firm’s global re-branding and inaugural web strategy, all auction marketing, client information databases, advertising, and numerous programs for cost reduction and improving business efficiency.

Previously, Mr. Plummer was the acting Chief Operating Officer of Sotheby’s Real Estate subsidiary and was instrumental in the profitable restructuring critical to the parent company’s highly successful IPO in 1989. Having started his career in Sotheby’s Treasury Department, Mr. Plummer oversaw one of the industry’s first significant art loans.

Mr. Plummer is a Director and a Co-Founder of the Luxury Marketing Council. From 2012 to 2014, he was Chairman of LAMDA in America, the American organization supporting the London Academy of Music and Dramatic Art (LAMDA) in London, where he reinstituted the Fulbright Scholarship program for the institution.

Mr. Plummer received a BS in Economics from The Wharton School at the University of Pennsylvania.

To download Mr. Plummer’s biography in PDF form, click here

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