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News
Sotheby’s appoints new global head of wine and spirits
Former Berry Bros. & Rudd fine wine boss Nick Pegna has joined Sotheby’s as the new global head of wine and spirits as part of the auction house’s expansion plan and continued investment in the luxury categories.
Pegna’s previous experience includes a 23-year tenure at Berry Bros. & Rudd, where he operated the global sales fine wine teams and set up and ran Asian businesses in Hong Kong and Singapore. From 2016 onwards, Pegna also led the company’s wine and spirits business across the whole of Asia.
Most recently, Pegna acted as managing director of his own fine wine private client brokerage and advisory firm.
In his new role as global head of wine and spirits for Sotheby’s, Pegna has been enlisted to expand on market opportunities and develop a strategy for accelerating Sotheby’s wine and spirits growth globally, the company has said.
Josh Pullan, head of Sotheby’s global luxury division, commented that the new hire “furthers Sotheby’s commitment to fostering market leading expertise and knowledge”, noting that Pegna joins the company “during an exponential period of growth in our luxury devision”.
Pegna said of his new role: “I am delighted to be joining such an historic business and a results-driven team to continue building on a solid legacy of market leadership and expertise. I look forward to working with the global team during an exciting time for the wine & spirits market internationally.”
His appointment has prompted broadened roles across the Sotheby’s worldwide wine and spirits team. Jonny Fowle has been appointed as global head of spirits, with the aim of accelerating the spirits business in all parts of the world; Alexandria Cubbage will assume the role of head of major collections, Americas; Richard Young is appointed to head of auction sales, finest and rarest wines, Americas; Lukas Dempsey has taken a new role based in Los Angeles as specialist, West Coast.
Sotheby’s has also announced the appointment of a dedicated asia spirits specialist, and retail store managers in Zurich and New York, who will all drive the growth agenda in new markets and expand retail capabilities, the auction house said.
In other news, the Sotheby’s sale of wines from the cellar of Lewis Chester, CEO of Liquid Icons and founder of the Golden Vines Awards, concluded this month, surpassing the auction house’s pre-sale estimate to total £1.4 million. Read more here.