What's Happening?
Evelyn Lin, a seasoned art industry professional, has been appointed as the chairman of Modern and Contemporary Art for Sotheby’s Asia. This announcement follows her departure from Pace, where she served as president of Greater China. Lin will begin her new role on November 3, coinciding with Sotheby’s inaugural marquee sale at their new global headquarters in New York. Her appointment comes after Elaine Holt's departure from the position in July, with Jasmine Prasetio serving as interim chairman. Lin's extensive experience includes over 20 years at Sotheby’s, where she played a pivotal role in establishing the Chinese contemporary art department and achieving significant auction records. Her return to Sotheby’s is seen as a homecoming, bringing fresh insights from her recent experience in the primary market.
Why It's Important?
Evelyn Lin's appointment is significant for the art market in Asia, as her leadership is expected to influence the direction of Sotheby’s operations in the region. Her experience and insights into the primary market are anticipated to enhance the auction house's engagement with artists and collectors. Lin's previous achievements, including setting major auction records and introducing influential art movements to Asia, underscore her capability to drive growth and innovation. This move also reflects the strategic importance of Asia in the global art market, with Sotheby’s positioning itself to capitalize on emerging opportunities and trends.
What's Next?
Lin's leadership at Sotheby’s is likely to bring new perspectives to the auction works, potentially reshaping the market in Asia. Her role will involve collaborating with other key figures at Sotheby’s, including managing director Masumi Shinohara and fellow Asia chairmen. The upcoming marquee sale at Sotheby’s new headquarters in New York will be an early opportunity for Lin to demonstrate her impact. Additionally, the closure of Pace’s Hong Kong space may lead to shifts in the regional art landscape, with Sotheby’s possibly benefiting from changes in gallery dynamics.
Beyond the Headlines
The closure of Pace’s Hong Kong space and Lin’s transition to Sotheby’s may reflect broader trends in the art industry, such as the evolving role of physical gallery spaces and the increasing importance of auction houses in the art market. Lin’s appointment could also influence the representation of Asian artists on the global stage, potentially leading to greater visibility and recognition for their work.
