Fine Art Bourse

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Executive Chairman
Sydney, Australia

In 2013 Goodman conceived a new business model to conduct fine art auctions entirely online. Fine Art Bourse Limited (F.A.B.) was born. In 2014 – 2015 Goodman raised angel capital with the assistance of KPMG and Macquarie Bank.

After a twelve month pause in development FA.B. re-commenced operations in mid-2016. New directors were appointed and new capital was raised. The website and auction trading platform was re-designed and re-built.

During his 40-year career 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 the largest fine art auction enterprise in the Southern hemisphere employing seventy staff with group annual sales over $60m.

Upon completion of a secondary school educated at Sydney Church of England Grammar School or “Shore”, 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 one of the first art auctions in an environment where customers could bid live in real time, online whilst a traditional auction was underway. In 2000 Goodman sold the Julian Sterling collection of collector’s 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 thought to be the first single owner collection ever sold online only in the absence of a physical auction.This was a world first.

In 2003, Tim acquired a exclusive license from Bonhams, based in London to launch the new brand, Bonhams & Goodman in Australia. This was the first time Bonhams had entered into a brand license agreement since the firm was founded 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 in Australia and a brand license to operate under the Sotheby’s brand. Sotheby’s, founded in London in 1744 had never 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 Visual Arts 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 500 charity auctions raising over $11 million.

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Non Executive Director

Chaoyong Wang is the Founder, Chairman and CEO of ChinaEquity Group, which is one of China’s earliest independent institutions devoted to venture capital and private equity investment.

Chaoyong Wang was selected by Tsinghua University as a government-sponsored student to study in the US in 1985 and became the first group member of China Mainland Students to enter Wall Street as a financial professional. Chaoyong Wang has had over 27 years’ experience in international and domestic finance and investment.

During the 1990s’ Chaoyong Wang was Vice President, Asia at Morgan Stanley based in Beijing. As a co-founder of Morgan Stanley’s investment banking business in China, Chaoyong Wang led overseas financing for the Chinese Ministry of Finance, Bank of China, China Eastern Airlines and Datang Power Generation.

Over the last decade Chaoyong Wang has built the investment banking business of State Development Bank of China. Chaoyong launched China Equity with his management team.

Chaoyong Wang is not only active in the finance world, but also one of the major promoters of China’s business leader organizations including, China Grand Rally and China Large Sailing Sports. Chaoyong Wang is the founder and Chairman of China Team, the first Chinese team to challenge in the America’s Cup yacht race.

He is a senior member of the China Entrepreneur’s Club whose members include authoritative economists, Wu Jinglian, Zhang Weiying, Zhou Qiren and Xu Xiaonian; distinguished diplomat Wu Jianmin, China Globalization representative Long Yongtu, and the first generation of most influential Chinese entrepreneurs including Liu Chuanzhi, Wang Shi, Jack Ma, Yun Minhong, Ma Weihua, Wang Jianlin, Niu Gensheng, Zhu Xinli, Guo Guangchang, Li Shufu, Li Dongsheng and Feng Lun.

By 2011, annual operating income of the 44 companies under the management of and/or in the investment portfolio of ChinaEquity Group was around 2000 billion RMB (US$322 Billion) comprising a vital part of China’s GNP.

Chaoyong Wang is currently:

    • An Advisor to World Bank / GEF China Energy Project, State Development Bank of China and the Investment & Finance Sub-committee, China Science Academy


    • Director of China Enterprise Directors Association, China Entrepreneur Club, First Secretary-General of CVCA, HanXin Management Ltd, Rising Tech Corp. Ltd, Infront Asia Limited, The 9 Limited (NASDAQ Listed) and China Association for Promoting International Economic & Technical Cooperation


    • Vice-President, 2nd Session of the Council, China Overseas-Educated Scholars Development Foundation


      • Executive Chairman, China Sports Marketing Forum


    • Chairman, Origo Plc. (LSE Listed), HanXin Fund, ZheXin Fund, Li Shizhen Healthcare Co., Ltd, Xin Zhong Da VC Fund and


    • Vice-Chairman, WRSA Entrepreneur Association and Hubei Chamber of Commerce


  • Life-time Professor, Hua Zhong University of Science and Technology
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Non Executive Director
General Counsel
Executive Assistant to the Company Secretary,
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 and more recently has been CEO of two ASX-listed companies.

He therefore brings to the F.A.B. Board a wide-ranging skills base including law, finance, corporate governance and compliance, capital raising, marketing and administration.

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Sydney, Australia
Mumbai, India

Kumar Shah is Mumbai born investment banker with over 18 years’ experience in the financial markets across Asia and Australia. Over the last decades he has invested in, and been actively involved in assisting IT start-ups and mid-tier companies, thereby propelling them to their next stage of development. Along with his wife Durva, he has an interest in a primary market gallery in Mumbai. 

Kumar is currently a senior executive at one of the world’s largest multinational Banking Corporations. 

His experience across Investment banking, the arts and information technology will greatly assist FAB in framing its business and financial objectives.

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Non-Executive IT Director

William Ehmcke has 40 years of experience in Information and Communication Technologies specialising in sales & marketing in Australasia and South East Asia, including 12 years in Europe.  Returning to Australia in 1995, he established META Group Asia Pacific, which provided strategic technology planning and vendor negotiation services to 35 of the top 100 corporate and government users in Australia with similar successes in Singapore and New Zealand. 

Clients included the ANZ and NAB banks and other major financial and insurance institutions, Qantas and Air New Zealand airlines, a significant number of other ASX-listed companies, the Australian Government’s Department of Immigration, Centrelink and Australian Taxation Office, plus arrangements with the New South Wales and Tasmanian state governments, and the Australian Capital and Northern Territories.  META Group Asia Pacific was subsequently acquired by its US partner which was itself acquired by Gartner, Inc. (market capitalisation of USD11 billion).

William is currently Chairman of Snaploader, an advanced technology company developing 3D modelling for the real estate sector. He is also a director of KPJ Group, an Australian residential products manufacturing group, and of Radio Eastern Sydney Co-operative Limited. He has previously held directorships for ASX-listed companies, Customers Ltd, an independent provider of ATM cash machines in Australia, and Rey Resources, a mineral exploration company, and was an Adjunct Professor of Sustainability at Bond University.

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Sydney, Tel Aviv, Zug & Hong Kong
Executive Director
Chief Information Technology Officer

Andrew is Head of Research at the Swiss-based DAV Foundation. This is a blockchain-based transportation platform, building the infrastructure for the “Internet of Transportation” that enables vehicles to discover, communicate, and transact with one another using DAV Protocols and DAV Tokens.

He is also Director, Military Cyber Products and Global Sales for Israeli-based Gold Line Group Ltd which is an Israeli Ministry of Defence Licensed company, providing military-grade encryption for voice and data communications for Military, Government and National Security Agencies.  

Andrew is the Chief Executive Officer and Founder of Pegasus Intelligence LTD, Pegasus works to provide Government, Military and Law Enforcement clients with cutting edge technologies in various fields of Intelligence including, CYBINT, SIGINT, COMINT, ELINT and HUMINT.


Andrew is a blockchain, technology and futurist enthusiast with over 18 years of worldwide experience in the areas of cyber security, mobile encryption and network security. His additional areas of specialty include the technology components of freight forwarding, customs brokerage and transportation.

Andrew has been appointed to project manage the development of F.A.B.’s current technology growth phase.