Sotheby’s has appointed David Schrader, Managing Director of J.P. Morgan and respected art collector, to the head of Private Sales for Contemporary Art, New York. Schrader comes into the position with almost twenty years of experience working on Wall Street, and will join Sotheby’s global Contemporary art team.

“His talent as a seasoned market player and collector is a formidable addition to our team,” wrote Amy Cappellazo, Chairman of Sotheby’s Fine Art Division, in a statement today, “and his appointment is another step forward as we continue to harness the dynamic changes impacting the art world today.”

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Schrader is a well-respected collector of Post-War and Contemporary Art, who “systematically refined his collection through thoughtful acquisitions and sales, gaining the respect of prominent dealers and collectors,” according to Cappellazo. He bought his first work of art around the late 1990s, when he first started working on Wall Street for Bear Stearns. Following Bear Stearns, Schrader worked for Credit Suisse, and has been working at JP Morgan for the past five years.

Schrader’s interest in art collecting developed alongside his career success, and he has deep market intelligence on artists like Sol Lewitt, Josef Albers, Yayoi Kusama, Ed Ruscha, Andy Warhol, Christopher Wool, and many others.

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“From visiting galleries every weekend and traveling to fairs, to the analysis of data on artists and individual works…David’s approach is a seamless fit into Sotheby’s ethos” Cappellazo added. Schrader will be joining the Sotheby’s art team in the near future.