Phillips names new global CEO

Phillips, de Pury & Luxembourg, the international auction house that has muscled its way into the big leagues of fine art selling, has named Anne Sutherland Fuchs as global chief executive officer and chairman, the Associated Press (AP) reported.

In this post, Fuchs, a top executive at Hearst Magazines, will manage Phillips’ global business and financial operations, working closely with Simon de Pury, chairman, and Daniella Luxembourg, president.

Myron Ullman, group managing director of LVMH, had been acting global CEO since Phillips was acquired by LVMH Moet Hennessy Louis Vuitton in 1999.

Fuchs, who will join the auction house next month, will be based in New York City at the company’s headquarters.

Fuchs, who had been with Hearst since 1994, currently serves as senior vice president and group publishing director of Hearst Magazines, responsible for the management of the Women’s Group. That division is comprised of O, the Oprah Magazine, Town & Country, Harper’s Bazaar, Marie Claire, Redbook and Victoria.

Phillips, which merged in January with de Pury & Luxembourg, Geneva dealers, has aimed to set itself apart from the two venerable auction house names – Christie’s International and Sotheby’s Holdings Inc, the AP reported. The company’s goal is to become a purveyor of fine art, jewelry, furniture and more to an upscale market.