Stephen Brooks, who was chosen to guide Phillips lower than three years in the past and lead the third-largest public sale home to develop internationally, has reportedly stepped down for private causes efficient this month. In an announcement to Artnews, Phillips spokespersons stated his resignation was unrelated to the public sale home’s falling gross sales in 2023, when Phillips reported a 15% drop in gross sales from the earlier 12 months, when the home posted a file $1.3bn in gross sales.
Phillips government chairman Ed Dolman, who beforehand served as chief government between 2014 to 2021, will take over administration of worldwide operations for now, a spokesperson informed Artnews.
“Stephen has led the corporate by way of a outstanding interval of progress throughout his tenure and his contributions have helped to construct the infrastructure for Phillips’s continued success,” Dolman informed Artnews in an announcement. “I thank him for his many contributions to the corporate and want him all one of the best.”
Brooks joined Phillips in 2021 and stated on the time he seemed ahead to “serving to Phillips realise the very vital progress potential of the agency within the coming years”. Throughout his tenure, the public sale home has weathered a number of storms, together with pandemic lockdowns, the softening of the market and the invasion of Ukraine, which put strain on Phillips and its Russian homeowners, the Mercury Group.
Phillips expanded in Asia underneath Brooks’s management. In 2022, it partnered with Beijing-based public sale home Yongle on a collection of gross sales. It additionally opened a brand new Hong Kong headquarters final 12 months.
Phillips additionally continued to pursue various promoting fashions throughout Brooks’s time on the helm. Final 12 months, the public sale home launched a brand new major market gross sales mannequin through collection of specifically commissioned works provided to assortment through month-to-month “drops” by way of its on-line Dropshop portal. It additionally organised promoting exhibitions in response to rising market demand, together with a present of Ghanaian artwork in London in early 2022 and a present of Native American up to date artwork that opened in New York this month.
Earlier than becoming a member of Phillips, Brooks was a Christie’s government, and held titles together with chief working officer and deputy chief government over 11 years with the corporate.
