Laurence Nicolas Appointed Head of Sotheby's Global Jewelry & Watches Divisions

NEW YORK, Dec. 6, 2017 /PRNewswire/ -- Sotheby's  (NYSE: BID)  is pleased to announce the appointment of Laurence Nicolas as Executive Vice President, Global Managing Director, Jewelry and Watches – a position at the junction of two of Sotheby's fastest growing categories. Reporting to the Company's CEO, Tad Smith, Ms. Nicolas will lead the various channels of Sotheby's Jewelry and Watch businesses including auction, private, e-commerce and retail sales, as well as the Company's diamond venture, Sotheby's Diamonds.

Ms. Nicolas brings 25 years of luxury experience and management of leading international brands to Sotheby's, joining the company from Christian Dior Couture where she was appointed CEO of Dior Timepieces & Fine Jewelry in 2001. There, she created the "Fine Jewelry" division in 2001, followed by the "Timepieces" division in 2008. Laurence also occupied key positions at Cartier between 1990 and 2001, where she was involved in the international retail and marketing operations of the brand.

"Our jewelry and watch businesses operate in markets much larger than the art market and this newly-created role has been designed to strengthen our cross-platform strategy and take advantage of the significant opportunity," said Tad Smith, Sotheby's CEO. "Laurence's creativity, energy and experience will no doubt be inspirational for the talented teams she will lead, while also further enhancing our clients' experience and fostering Sotheby's growth in these two key areas."

With Sotheby's exceptional team across the United States, Europe and Asia, as well as the invaluable support of David Bennett, Worldwide Chairman of the International Jewelry Division, and Daryn Schnipper, Chairman of the International Watch Division, Laurence will join the Company on February 1 and be based in New York.

"I am thrilled to start a new challenge within such a leading and venerable Company and look forward to working with Tad and the Sotheby's team to further develop the jewelry and watch businesses," commented Ms. Nicolas. "Given the smart and passionate people that I have already met in the Company, and the amazing history and expertise Sotheby's has built since 1744, I believe the potential for growth is tremendous. I am confident that together, we can conceive and execute plans to drive consistent sales and growth."

Ms. Nicolas holds a BS "Grande Ecole" Master Degree with specialization in international finance from NEOMA Business School. Before entering the luxury space, Laurence began her career at PricewaterhouseCoopers and Capgemini.

About Sotheby's
Sotheby's has been uniting collectors with world-class works of art since 1744. Sotheby's became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art financing company, as well as the collection advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and two retail businesses, Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

Browse sale catalogues, view original content, stream live auctions and more at www.sothebys.com, and through Sotheby's apps for iPhone, iPad, Android, Apple TV and Amazon Fire

New York | +1 212 606 7176 | Darrell Rocha | Darrell.Rocha@Sothebys.com

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SOURCE Sotheby's