Mr. Michael Plummer, co-Founder – Artvest Partners LLC, New York
Mr. Plummer is currently Principal and co-Founder of Artvest Partners, a customized discreet art finance business. Through its global proprietary network, the firm advises on art-related liquidity and business matters.
In addition to offering multiple lending sources, Artvest Partners provides impartial advice on special-purpose investment partnerships, purchase and sale transactions, wealth transfer and preservation planning, and restructuring art businesses and collections.
Formerly Chief Operating Officer of Christie’s Financial Services, Mr. Plummer was jointly responsible for the structuring and development of an opportunistic art fund. The fund, designed as a private equity offering, was the first to be developed by a major auction house in partnership with a leading investment bank.
Additionally, Mr. Plummer was responsible for securing art-lending facilities, overseeing loan underwriting practices, developing art indices, and comprehensive art market sector analysis.
Prior to Christies, Mr. Plummer created one of the earliest US art funds and continues to be one of the Art industry’s leading speakers on the subject of art as an asset class.
Mr. Plummer spent 15 years at Sotheby’s, during which time he served as Marketing Division Head for the Americas and Asia. He was responsible for the firm’s global re-branding and inaugural web strategy, all auction marketing, client information databases, advertising and numerous programs for cost reduction and business efficiency.
Previously, Mr. Plummer was the acting Chief Operating Officer of Sotheby’s real estate subsidiary and was instrumental in the profitable restructuring critical to the parent company’s highly successful 1989 IPO. Having started his career in Sotheby’s Treasury Department, Mr. Plummer oversaw one of the industry’s first significant art loans.
Mr. Plummer is a Director and co-Founder of the Luxury Marketing Council. He is also a Board member of the American Friends of the London Academy of Music and Dramatic Art (LAMDA). Mr. Plummer received his BS in Economics from The Wharton School at the University of Pennsylvania in 1980.