In the latest sign of the disruption underway in the art market amid the pandemic, three powerful alumni from Sotheby’s have joined forces to create a new company that will focus on the rapidly growing pool of buyers in Asia.

Amy Cappellazzo, former chair of Sotheby’s fine art division, and Yuki Terase, former head of contemporary art in Asia, in November will begin operating an international art advisory firm that handles transactions and offers market expertise, advising on the acquisition of works of art or the dissolution of collections.

Adam Chinn, another founding partner and Sotheby's former chief operating officer, will handle the company’s business and legal operations.