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Guillaume Cerutti

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Guillaume Cerutti
Guillaume Cerutti
Born (1966-03-20) 20 March 1966 (age 58)
La Ciotat, France
Alma materSciences Po
Ecole Nationale d'Administration
OccupationBusiness executive
EmployerChristie's
TitleChief executive officer
Children3

Guillaume Cerutti (born 20 March 1966, in La Ciotat, France) is a French business executive and former senior civil servant. Currently he serves as chief executive officer of Christie's auction house.

He was managing director of the Centre Georges Pompidou from 1996 and 2001. From 2002 to 2004, he served as chief of staff for the French Minister of Culture Jean-Jacques Aillagon, and afterwards worked in France’s Finance Ministry.[1] Serving as CEO of Sotheby's France from 2007 to 2011 and deputy chairman of Sotheby's Europe until 2015, he has been CEO of Christie's since 2017.

Early life and career

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Guillaume Cerutti was born on 20 March 1966[2] in La Ciotat, France.[3] He studied in Paris, attending the Institut d’Études Politiques and the Ecole Nationale d'Administration. Early in his career he held a number of administrative positions. He was the managing director of the Centre Georges Pompidou[4] from 1996 until 2001, overseeing the renovation of the Musée National d'Art Moderne.[5]

From 2002 to 2004,[5] he was the chief of staff for the French Minister of Culture Jean-Jacques Aillagon. After Aillagon's tenure,[4] Cerutti took a role in the French Ministry of Economy and Finance, serving as head of the executive office for consumerism and competition from 2008 until 2011.[5]

Career in the private sector

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Cerutti was named president-director of Sotheby's France in September 2007,[5] after being recommended to the auction house by Jean-Jacques Aillagon.[4] He became vice president for Sotheby's Europe in 2011, and by 2015, he was serving as both deputy chairman of Sotheby’s Europe and CEO of Sotheby’s France. Sotheby's achieved the highest art sales on the French market during his tenure, particularly with the help of several French art collections sold in Paris, London and New York.[5]

In August 2015, Les Echos reported that he would become president of Christie's for London, Continental Europe, the Middle East, India, and Russia[5] (Christie’s EMERI),[6] taking the post in 2016 after a non-compete clause expired.[5] He was subsequently named CEO of Christie's on January 1, 2017, succeeding Patricia Barbizet.[7][8] Upon becoming CEO, Cerutti implemented a restructuring.[9] One of his first actions was closing Christie's lower-value outlet in South Kensington and scaling back Christie's operations in Amsterdam. He redirected funds to newer facilities in Asia and Los Angeles.[4]

After becoming Christie's CEO, he oversaw a number of auctions for high-profile collections, several of which broke world price records. In 2017, he oversaw the sale of Leonardo da Vinci's Salvator Mundi at Christie's New York for $450.3 million,[4][10]  breaking the price record for artwork sold at auction.[10] In late 2022, he oversaw Christie's auction of Paul Allen's art collection the Paul G. Allen Collection,[11] which sold for $1.6 billion that November, making it the biggest sale in world auction history.[12] In 2021, Cerutti oversaw the sale of Beeple's Everydays: the First 5000 Days,[13] Christie's first NFT auction.[14] After overseeing the sale of other NFTs through Christie's, including several Cryptopunks,[13] the Wall Street Journal reported in July 2023 that he remained "bullish on NFTs" and their value.[13] 

Board and organizations

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Since 2015, Cerutti has served as Chairman of the Fondation Nationale des Arts Graphiques et Plastiques (FNAGP).[15] He was on the audit committee of Flamel Technologies, a pharmaceuticals company, as of late 2016.[1] In the past, he has also held the position of Chairman on the boards of several non-profit organizations in the cultural field, including the Accentus Chamber Choir (2007–2012), the Ecole Nationale Supérieure de la Photographie in Arles (2009–2010) and the Institute pour le Financement du Cinéma et des Industries Culturelles (2010–2016).

Writing

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Cerutti is the author of La politique culturelle, un enjeu du XXIème siècle, 20 propositions, published in October 2016.[16] He has also published articles on cultural politics in publications such as Commentaire,[17] Le Monde,[18] Les Échos,[19] and L'Opinion.

Personal life

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Cerutti is married with three daughters,[2] and as of 2023, resides in London.[13]

Publishing history

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  • Cultural policy, a challenge of the 21st century - twenty proposals (October 12, 2016), Odile Jacob, ISBN 978-2-7381-3469-1[16]

References

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  1. ^ a b Gerlis, Melanie (December 16, 2016), "The Art market: French and connected", The Financial Times
  2. ^ a b Ashton, James (July 14, 2018), "Going, going, gone — the musty old image of the modern art auctioneer", The Times
  3. ^ Robert, Martine (March 18, 2013), "Guillaume Cerutti : « Chaque polémique fiscale fait régresser le marché de l'art français »" [Guillaume Cerutti: "Every fiscal polemic regressed on the French art market"], Les Echos (in French)
  4. ^ a b c d e Adam, Georgina (February 9, 2018), "Christie's Guillaume Cerutti on a sales boom -- and that Leonardo", Financial Times
  5. ^ a b c d e f g "Christie's Poaches Rainmaker Guillaume Cerutti from Sotheby's France". Artnet. 4 August 2015.
  6. ^ Boucher, Brian (December 14, 2016), "Guillaume Cerutti to Replace Patricia Barbizet as Christie's CEO", Artnet
  7. ^ Pogrebin, Robin (14 December 2016). "Christie's Chief Executive to Step Down and Hand Reins to Guillaume Cerutti". The New York Times.
  8. ^ Kazakina, Katya (December 14, 2016), "Christie's Names Guillaume Cerutti as CEO Replacing Barbizet", Bloomberg
  9. ^ Kazakina, Katya (July 18, 2017), "Christie's Sales Rise 14% in First Half of 2017", Bloomberg
  10. ^ a b Ashton, James. "Going, going, gone — the musty old image of the modern art auctioneer". The Times.
  11. ^ "Christie's to auction Paul Allen's art trove, valued at $1B+", AP, August 26, 2022, retrieved July 3, 2024
  12. ^ Pgrebin, Robin (November 9, 2022), "Paul G. Allen's Art at Christie's Tops $1.5 Billion, Cracking Records", The New York Times, retrieved July 3, 2024
  13. ^ a b c d Forsheim, Lane (June 12, 2023), "Why Christie's CEO Guillaume Cerutti Is Still Bullish on NFTs", The Wall Street Journal
  14. ^ Weiner, Chloee (March 11, 2021), "Beeple JPG File Sells For $69 Million, Setting Crypto Art Record", NPR, retrieved July 3, 2024
  15. ^ "Guillaume Cerutti nouveau Président de la Fondation nationale des arts graphiques et plastiques". Le Journal des Arts.
  16. ^ a b "La Politique culturelle, enjeu du XXIe siècle".
  17. ^ "Guillaume Cerutti", Commentaire, retrieved July 2, 2024
  18. ^ "The bet of a large art market, by Guillaume Cerutti", Le Monde, January 7, 2008, retrieved July 2, 2024
  19. ^ "Guillaume Cerutti", Les Echos, retrieved July 2, 2024
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