Executive Director, Founder and CEO
In 2014 Tim conceived a new business concept to conduct fine art auctions entirely online. Fine Art Bourse Limited (F.A.B.) was born. Goodman raised angel capital with the assistance of KPMG and Macquarie Bank to fund the execution of the plan.
In 2015 the business stalled, new directors were appointed, and new capital was raised. The website and auction trading platform were re-designed and re-built.
During his 40-year career as a traditional auctioneer Goodman was to change the face and shape of the traditional Australian fine art auction landscape. He achieved the pinnacle of success as the Australian market leader and operator of the largest fine art auction enterprise in the Southern hemisphere employing seventy staff at four auction houses located in three states with group annual sales approaching $70m.
Upon the completion of a secondary school educated at the Shore school, Tim undertook a cadetship in the auctioneering of industrial and mining machinery at F.R. Strange. Three years later he worked at Sotheby’s in London where he gained valuable work experience.
In the years that followed, Tim learnt the printing and publishing business when he acquired a small troubled company and subsequently launched a regional tabloid newspaper. In the late 80s’ Tim became a dealer in European art and antiques specializing in the arbitrage of art between the Australian sale rooms and the markets of Europe and America. However, Goodman never left the auction industry and in 1992 he rented an old disused telephone exchange building in Sydney’s Double Bay. During the following two decades, Goodman fought with competitors to systematically acquire market share.
In 1998 Goodman entered into a joint venture with listed, John Fairfax Ltd, the largest publisher of print media in Australia at the time. With Fairfax, Tim built the world’s first aggregated portal to provide e-commerce solutions to traditional auctioneers including white labelled website build, e-marketing, SEO, customer alerts, traffic direction and real-time online bidding. These aggregation services were unheard of at the time in the fine art auction industry. Today thousands of auctioneers worldwide are connected to millions of collectors online by the auction house aggregators.
In 1999 Tim conducted a traditional art auction enabling simultaneous live online bidding in real time. This was believed to be a world first and made front page news. In 2000 Goodman sold the Julian Sterling collection of classic cars in Melbourne in association with a London based auction house. At that auction, Goodman sold the vast library of motoring books entirely at an online auction. This was the first online only auction conducted by a traditional auction house anywhere in the world.
In 2003, Tim acquired an exclusive license from Bonhams to launch the new brand, Bonhams & Goodman in Australia. This was the first and only time Bonhams had entered into a brand license agreement since the firm was founded in London in 1793.
In 2004 and 2007 Goodman acquired Theodore Bruce & Leonard Joel, the second oldest and third oldest auction houses in Australia, respectively.
In 2009 Goodman pulled off another coup when he acquired the regional business of Sotheby’s and a brand license to operate under the Sotheby’s brand. Sotheby’s, founded in London in 1744 had never, nor since, entered into a license to operate under its brand in its core fine art business. This was a big move for Sotheby’s and was celebrated in the global media as being a coup for Goodman who became founding Executive Chairman of Sotheby’s Australia. In 2010 Tim was voted one of the five most influential people in the Arts behind the Federal Minister by the Australian Financial Review, the country’s only financial daily newspaper.
In late 2010 – 2011, Goodman sold all of his traditional auction business interests separately, in each case to a MBO.
Tim was a Trustee of the Australian Museum Foundation 2013 – 15. The Australian Museum is one of the six largest and oldest natural history museums in the world. Apart from collecting and exhibiting, the Museum funds and conducts environmental research, something Tim is passionate about.
During his 40-year career as an auctioneer Tim has conducted over 300 charity auctions raising in excess of $11 million.
Executive Director and General Counsel
Hong Kong, Sydney, Australia
Philip Wood has practised as a qualified lawyer in four jurisdictions (Australia, New York, the United Kingdom and Hong Kong) with a principal focus on international finance. He has also worked as an investment banker in both London and Sydney at Macquarie Bank and more recently has been CEO of two ASX-listed companies.
Chief Operations Officer
Director of Gold Line Group Ltd, a Ministry of Defence licensed company. He is also Chief Executive Officer and Founder of Pegasus Intelligence LTD, providing cutting edge technologies to military and law enforcement in various fields of Intelligence including, CYBINT, SIGINT, COMINT, ELINT and HUMINT.
Creative Director / F.A.B. Brand Manager
Byron Bay, Australia
Global Head of Marketing & Digital Media
Byron Bay, Australia