Art & Art History

The Business Of Art

March 07, 2013
Sara Hardy ’03, who combined majors in art and business management, takes the “risky” out of business.

What are you doing now?

Previously I was doing risk management at Christie’s, buying insurance for the fine art, advising the business, and handling high-value claims. It was not surpris­ing how many claims occurred given the massive volume of property that comes through the doors on a yearly basis. Eighteen months ago, a position opened up at JP Morgan on the risk management team. Now I’m respon­sible for overseeing the placement, design, and negotiation of the firm’s Asset Management insurance program. I also have a hand in consulting on the insurance placement of the J.P. Morgan corporate art collection.

You must have seen some incredible artwork.

My favorite story is about the collection of Frances Brody. Her husband, Sidney, was a real estate magnate in Los An­geles, and the couple amassed a collection of approximately 50 high-quality pieces of impressionistic art. Mrs. Brody passed away at the age of 93 in 2009 and, even through the hard work of a dedicated team, and up against her daughter’s previous association with Sotheby’s, the collection came to Christie’s. Among Mrs. Brody’s collection was a Picasso painting of his mistress Marie-Thérèse Walter, which had never been seen publicly before. “Nude, Green Leaves and Bust” sold for $106,482,500, which was at that time the most expensive painting ever sold at auction.

What led you to New York City?

I grew up outside of Philadelphia and was always interested in art and art museums. I moved to NYC right after college to attend graduate school at Christie’s Education. I went thinking I would return rather quickly, but now I never want to leave.

What’s the best thing about living there?

There’s always something to do, right at my doorstep. I’m the rare New Yorker who has never moved. I live in the Flatiron District, north of Madison Square Park, right on the edge of the Garment District. When I first moved it was, and still is, a little gritty, but things are turning and there are lots of great restaurants that have generated a lot of press. It has definitely become the “it” spot.

What is your favorite college memory?

I was a swimmer, and the year we went undefeated was probably the standout. After college I took up running but that took its toll so I’m now back in the pool.

Were you the beneficiary of scholarship aid?

I received an academic merit scholarship.

Why is it important to give back to Washington College?

I think it’s an investment in yourself. You want to promote WC as much as possible because it will only help you down the line.

Last modified on Mar. 11th, 2013 at 11:04am by Marcia Landskroener.