The Buyer's Guide
by Barbara Plumb
HOW DOES A SOFT-SPOKEN YOUNG ART HISTORIAN
scale the heights of Citigroup Private Bank in less than
six years to become the darling of upper management working
in a field-the art market-known more for its pleasures than
for its financial rewards? Born in Milan, Francesca Guglielmino
grew up mostly in Bombay, where her father owned a manufacturing
company. "I can't think of a better culture, with all
its color and different religions, for a child, especially
one who is visually alert," she says. When she was
10, she was sent to school in England-spending summers at
her parents' house near Portofino-and went on to earn a
degree in art history from Cambridge. She went from there
to Christie's, where she ran the 19th- and early-20th-century
sculpture department for six years, then changed course,
writing a monograph on the 18th-century Florentine sculptor
Massimiliano Soldani-Benzi and cataloguing Renaissance bronzes
at the Lia Museum in La Spezia. After two years, she decided
that scholarship was too isolating for her. "I missed
dealing with human beings and the transactions," she
said. So in 1997, Guglielmino joined then Citicorp's London
office as an art adviser. In 1999, she was promoted to business
head of Citigroup's Art Advisory Service and moved to New
York City. Last October, she landed at LAX with a mandate
to expand the business on the West Coast and in Asia. As
managing director, she now runs the Art Advisory group from
Los Angeles.
Her rapid rise is no surprise to
her clients. Leonard Green, a collector of 19th-century American
Impressionist and California Plein Air paintings, has worked
with Guglielmino since she joined the Art Advisory group,
which was launched in 1979. "She really whipped that
department into shape with the overall level of service and
the things they pay attention to. She has created a division
that has value added," he says. Citigroup also recognizes
the asset that they have in her: "Francesca is a star,"
says Peter Scatturo, CEO of Citigroup Private Bank. "She
listens well and has been around some smart businesspeople
and she's learned and has become quite a good businesswoman.
She's the one who can pull all the pieces together for us."
And her expertise has never been more needed. Recent auction
house scandals have thrown the lack of regulation in the art
market into high relief, unnerving even seasoned high-end
art buyers. |