Sotheby's CEO 2010 Pay More Than Doubles

Bloomberg is reporting Sotheby's CEO, William Ruprecht's pay was up 150% to $6 million. This, after the auction houses best performance since 2007.  As many readers are aware, 2010 was a very good financial year for many of the large international auction houses, especially Sotheby's and Christies.

The Bloomberg piece is short, so I will post in its entirety.

Chief Executive Officer William Ruprecht earned $6 million in 2010, up 150 percent from a year earlier, as the auction house reported its best annual results since 2007.

Ruprecht received salary of $691,667, stock awards valued at $2.2 million, “incentive compensation” of $2.7 million and other compensation -- including driver’s pay -- of $473,083, according to a filing today with the Securities and Exchange Commission.

Sotheby’s “was well positioned to capitalize on the economic upturn and art market recovery that begin the fourth quarter of 2009 and continued throughout 2010,” it said in the filing.