So why Murdoch? Sotheby’s hopes his role as News Corp’s CEO of operations in Europe and Asia will bring his knowledge of and experience with digital media to the auction house, as well as his working knowledge of Asia.
Said auction house chairman Michael Sovern:
James has impressive experience in several important areas that will be immensely valuable to Sotheby’s. His knowledge of Asia and his media perspectives which include his sophisticated understanding of digital media and the Internet are a good fit with Sotheby’s own longer term strategic goals.
Sotheby’s shareholders will cast their vote at the company’s annual meeting in New York in May.