Michael Ainslie has firsthand experience with several high-profile events, including the 2008 bankruptcy filing of Lehman Brothers: He was one of ten people in the Lehman boardroom on the evening of September 14, 2008, who saw firsthand the events that led to the largest bankruptcy filing in US history. Michael offers readers an insider’s view of the situations surrounding the price-fixing scandal between Sotheby’s and Christie’s, a scandal that rocked the art world and sent the ex-chair of Sotheby’s to prison.
Michael has been a champion of education for decades. His passion has been the Posse Foundation, which he helped launch in 1994. Michael was Posse’s first board chair, serving for thirteen years and continues on the Posse board.
He had a distinguished business career serving as president and CEO of Sotheby’s from 1984 to 1994, leading a transformation of the worldwide auction business. Previously he was president and CEO of the National Trust for Historic Preservation from 1980 to 1984. While at the National Trust, he helped rewrite the tax law to provide a 25% investment tax credit for investment in historic buildings. This incentive radically changed the landscape of historic preservation.
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