A press release from Christie’s today announced that Steven P. Murphy will be stepping down as chief executive officer of the auction house at the end of the year. Patricia Barbizet will succeed Murphy while additionally continuing in her role as chairman of Christie’s.
Murphy, who served as CEO for four years, issued a statement:
“When Mr. Pinault and Madame Barbizet brought me into Christie’s, I was tasked with helping to modernise the company and enable it to grow in the new world in which we operate, while maintaining its extraordinary spirit and culture, and consistently focusing on the art itself. We have now successfully concluded an ambitious three year plan and the company is in the strongest leadership position in its history … I have loved everything about working with the team here at Christie’s and am extremely proud of what we have collectively achieved.”