(Abramovich said Wednesday that hed sell the Chelsea soccer team in the UK.). Copyright 2023 Promedia Digital Ltd. All Rights Reserved. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. It did feel quiet, said one attender at the preview, where viewers sipped espressos as vintage German-made Lange watches, labelled with six-figure prices in dollars and Swiss francs, lay behind display cases for an exhibition next month. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. MILAN None of the buzz at Prada's show last Friday included the thirty-something man in the dark suit and sunshine yellow tie sitting front row. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether, Phillips Reaches $1.3 B. in 2022, But Asia Sales Declined, ArtPrize's Board Disbands, German Government Buys Back Hamburger Bahnhof's Building, and More: Morning Links for November 16, 2022. After graduating from London's Central Saint Martins, Gordienko created the thick Marfa Journal, a magazine dedicated to her impressions of everything in the world from travels with friends across the U.S. and encounters with Erik Brunetti, creator of the FUCT clothing brand, to works by minimalist artist Donald Judd. The art world is delusional if it feels it can escape it.. Moscow was literally springing back to life, with new galleries and glimpses of hope. The event and forthcoming auctions will also be a litmus test of feeling towards Phillips, which insists it is business as usual in the face of a boycott by respected figures in the art world. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. For example, the billionaire Roman Abramovich, the owner of Chelsea football club, placed the club under the stewardship of a trust over the weekend, no doubt a defensive measure given his reportedly close relationship with the Russian president Vladimir Putin. 1994 - Present, Vice President, Mercury Group, Chief Executive Officer, Tsum, Former Co-Chief Executives, Westfield Group, Senior Vice President, Public Affairs and Communications, Hearst Corporation. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list He is also the founder of TSUM Art Foundation. However, none of its competitors believe it. Mercury's growth parallels the development of post-Communist Moscow, from its big bang of glitz-and-glam new money to the more normal if fragile existing economy. This website uses cookies. The company owns fashion boutiques selling Goiorgio Armany, Patek Philippe, Dolce & Gabbana, Prada, Tods, Rolex, Bvlgari, Tiffany & Co., Chopard, Bentley, Ferrari, Maserati cars and other luxury brands. That seller is starchitect Norman Foster. Commenting on that, Scuratov explained that in late spring of 1997, the Kremlin's chief property manager Pavel Borodin informed him that the President had ordered to provide officials with formal suits, supposedly from government funds. Russian Vogue wrote about the 33-year-old stylist from Vladivostok saying that, " she introduced the 'new Russian' style of 'guys from the neighborhood' to high fashion.". Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. One director of Sothebys another auction house told the Telegraph that they were checking bulletins hourly to see whether any of their buyers and sellers were on any government sanctions lists. From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. Mercury carefully distanced from Ecolux`s troubles with customs. We want to hear from you! Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. The two Russians who own Phillips and control a business empire in Russia Leonid Friedland and Leonid Strunin are not on the same plane as Abramovich, though. Phillips is owned by Mercury Group, which is Russias largest luxury-goods company. The billionaires obviously came but then they brought a next wave, including those who worked with and for them as well as others who came simply because they could, said one concerned Russian whose business is part of a network of advisories and consultancies catering for compatriots needs on schooling, property and culture. Only a boycott of Phillips sales will get the attention of the world and the owners of Mercury to hopefully influence Putin to change his current chosen course of action. Fridliand says that all investions are made from the annual net gain; Mercury`s policy allegedly has no room for taking out loans or selling shares. Thats because oftentimes bidders are shrouded in secrecy and store their physical assets and thus any trace of ownership in clandestine, off-the-books locations. In 2007, Mercury announced launching the Sochi Luxury Village Project (similar to the Barvikha Luxury Village in Moscow region) in Esta-Sadok settlement near Sochi. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. Asked if he thought the Russian ownership label would harm Phillips's reputation, Albert Biton, a New York private dealer active in the auction trade tells The Art Newspaper: No, it wont affect their business because art collectors are not that thoughtful about it. But Friedland discounts the idea that Russian clients are all about gold taps and flash taste. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. 1,556 executive movements have been recorded in the last 12 months. CEO and founder of Russian Art Leonid Strunin explained that on terms of contract, his company is entitled to represent the Italy firm Ermeneglido Zegna, retail its products and accept private orders. The watch firm Lange and Peter Avens investment firm have been approached for comment. Phillips, of course is owned by Mercury Group, founded in 1993 by the Russian entrepreneurs Leonid Friedland and Leonid Strunin who acquired the auction house in 2008, when it was known as. Friedland and Strunin have not been named among the people whose assets are being frozen by the U.S. and U.K., though even businessmen who are not being hit with sanctions could face difficulties going forward. As for the multiple overpricing of luxury goods, in comparison with its producing country, there is no crime, because one is free to price the goods as far as they meet a ready sale. They are very wealthy, collect art and have a large footprint in the Russian economy, but they are not viewed as politically influential oligarchs and have not been placed under . Khatulya Avsadzhanashvili, general director of Babochka. Matthew Girling has also urged collectors to boycott Phillips. 2023 Art Media, LLC. More assertive action needs to be taken to try and stop what is going on in Ukraine. Still, Phillips said it doesnt fear financial hardship as a result of the war in Ukraine. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. He is also the founder of TSUM Art Foundation. Source: History of criminal case N 18/277049-99. Mr Fridlyand and Mr Strunins connection to the watch and jewelry world has not been widely reported but the art world has reacted strongly and is calling for collectors to boycott Phillips auctions, which has flagship operations in Geneva, New York and London. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. A day after the horrific bombing of a Ukrainian maternity hospital, visitors to the Mayfair offices of the Russian-owned auction house Phillips could not help but wonder if an event preview seemed subdued. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. NEW YORKRussian luxury-goods company Mercury Group has acquired auction house Phillips de Pury & Company for an undisclosed price. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. But there is one Western element that he does not yet see. The Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. All my money goes into art, he said. Former gossip editor at Harper's Bazaar Russia and one of the main Russian it-girls, in 2011 Duma established her own online business, which reconciled art with fashion. In the Luxury Goods industry, Leonid Friedland has 3,377 colleagues in 246 companies located in 32 countries. Still, Phillips said it doesn't fear financial hardship as a result of the war in Ukraine. With reported annual revenues of more than $8 billion, the company operates high-end department stores and shopping centers, including the prestigious TsUM . Later a caf opened in the concept store. Subscribe today and save! 2. Avsadzhanashvili is head of the family business that her parents established in 1988. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. Skuratov was very worried about the fact that his suits were paid by Mabetex, and he gave Borodin $10.000 pay-in, asking for the receipt. The Let`s Solve the Money Issue buisiness proposal, usually welcomed among the Ministry of Internal Affairs officers, transforms into $300.000, with Borisenko taking $250.000. Boasting an extensive real estate portfolio, the duo have overseen the construction of the countrys most prominent luxury developments such as the TsUM department store housed in a historical building close to the Bolshoi Theatre in Moscow the DLT TsUM in Saint Petersburg and the affluent Tretyakovsky Proezd shopping arcade. "It is not as successful as showing it off. In 2002 Time magazine placed its owners on the list of 25 most influential people in the world of fashion. Mercury started investing into Expansion Redesign project of the DLT in 2005. 7. Phillips auction house has voiced its condemnation of Russias invasion of Ukraine. Swatch Group has already said it has stopped exporting watches to Russia, but its affiliate in the country will continue to trade. A post shared by Phillips (@phillipsauction). I dont think that anyone should be dealing with Russian or Russian-owned companies at the moment, said Andy Hall, an art collector and philanthropist. I have no idea if they will stay, to be honest, and it is very worrying. Now those new projects are frozen and nothing can be taken out of Russia., Stephen Brooks, the CEO of Phillips, said earlier this month: We at Phillips unequivocally condemn the invasion of Ukraine. Skuratov himself decided how many suites he needed to purchase. Dior and Saint Laurent: Twilight of the Gods. Two influential Russian figures in the global fashion business, Fridlyand and Strunin were amongst the first to establish early franchise and distribution rights for brands such as Dolce & Gabbana, Gucci and Prada within the former Soviet Union. He is a bit vain, though carefully conceals this fact: his photograph is kept behind the wall of his office and can be shown only to chosen ones. Meanwhile, Hall said that even if people didnt want to boycott Phillips for moral reasons, practical reasons should stop people from placing bids: the risk is that Phillips accounts could be frozen and consignors find they dont see their sales proceeds. Therefore, allowing this to go on when the UK is trying to tighten up its financial system shows a lack of commitment to close the loopholes, Shelley said of the Thursday auction. Besides that, Strunin has told about the fact that took place in 1998, when Mabetex made a transfer of about $100.000 to Ermeneglido Zegna, allegedly for tailoring male suites. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. She covered all the roles in the magazine: journalist, art director and photographer. Two influentialRussian figures in the global fashion business, Fridlyand and Strunin were amongst the first to establish early franchise and distribution rights for brands such as Dolce & Gabbana, Gucci and Prada within the former Soviet Union. Read More . Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Because Phillips is privately held, the company does not provide detailed information on its ownership. Select from premium Leonid Friedland of the highest quality. If there was a professional performance contest among Russian reshaly (problem-solvers), Major General Igor Alekseevich Borisenko, Counsillor of Justice 3d class and Supreme Court Justice Deparment officer, could won by head. 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Dtenue depuis 2008 par les Russes Leonid Friedland et Leonid Strunin (propritaires de Mercury Group), Phillips avait t rachete pour prs de 60 millions de dollars au commissaire-priseur et marchand suisse Simon de Pury. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which is owned by Russians Leonid Friedland and Leonid Strunin.. His greatest pride is his tank with piranhas. I never bought a plane or a yacht. All rights reserved by Rossiyskaya Gazeta. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. (Ralph Lauren is still being vigorously courted). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. The historic building, near the Bolshoi, will be refurbished to its former grandeur, enlarged with a new development at the back, and become a palace of brands. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. Phillips accounts for around one third of the 400 million spent on luxury watches at auction in 2021, a record year for the sector. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. An expert examination is scheduled to establish the suits` cost. The suites were paid for by the firm Mabetex. We want to hear from you! Phillips, of course is owned by Mercury Group, founded in 1993 by the Russian entrepreneurs Leonid Friedland and Leonid Strunin who acquired the auction house in 2008, when it was known as Phillips de Pury & Luxembourg, for a reported $60m. Miroslava Duma, publisher of Buro 24/7. Hall, whose collection of more than 5,000 pieces includes noted works by Ed Ruscha, Barbara Kruger and Julian Schnabel, told The Post he bought something from Christies another competing auction house on Wednesday, but wouldnt buy from Phillips. Hasonlan nehz helyzetbe kerlt az orosz kzben lev brit aukcishz, a Phillips is orosz tulajdonosi httere miatt. The 226-year-old auction house ranks behind only Sothebys and Christies as one of the sectors major international players, and now markets itself as the worlds most dynamic and forward-thinking auction house, with inroads in new markets such as non-fungible token (NFTs). On August 23, the Mercury construction director Dmitry Eliseev wrote to the first deputy chairman of Saint-Petersburg commitee for construction Nikolay Krutov, asking him for 10-month extention of the term. . Having created from a rundown arcade, the Tretyakov Projezd, a mall of brands that Friedland describes as "Moscow's Via Montenapoleone" (referring to the upscale Milan street), Friedland has discovered more fertile areas to seed with its luxury brands from Fendi furs through Tod's shoes. Phillips said earlier this week it does not expect sanctions to affect its business. Still, doing business with any powerful company based in Russia is outrageous, Andy Hall, a retired hedge funder, oil trader, art collector and philanthropist told The Post. ARTnews is a part of Penske Media Corporation. Arnault sold his majority stake in 2002. We do not expect the recent sanctions to affect our business, a spokesperson for the auction house said, adding that Phillips does not conduct business with any individuals or institutions who are subject to sanctions.. 2023 NYP Holdings, Inc. All Rights Reserved, powerful sanctions against Putins oligarchs, When disinfo specialists lie, Gray Ladys DeSantis frustration and other commentary, Putins former spin doctor-turned-critic dead, Ukraines northeastern front could decide new battle lines, Biden needs to step up military aid for Ukraine fast, unplugged from the SWIFT payments apparatus, said Wednesday that hed sell the Chelsea soccer team. On Tuesday, Phillips launched a whisper campaign to let potential buyers know that their sellers are not on any sanctions lists or have any ties to Putin, according to people familiar with the matter. With charitable donations and public statements in support of Ukraine, Phillips, an auction house owned by Russians, is trying to deflect those pushing for a boycott of its business. (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) Her Naked Heart Foundation builds children's playgrounds throughout Russia and creates support centers for handicapped children and their parents. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which is owned by Russians Leonid Friedland and Leonid Strunin. It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. Send us a tip using our anonymous form. The consigner then was the New York collector and dealer Adam Lindemann who acquired the early painting at Sothebys London in June 2004 for 2.4m (including fees). Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. u thng ny, Matthew Girling, cu Gim c iu hnh ca Bonhams, ni vi Art Newspaper rng mi ngi nn ty chay Phillips, cng ty thuc s hu ca ngi Nga Leonid Friedland v Leonid Strunin. Art markets are the perfect way to move money and not trace beneficial ownership, Louise Shelley, director of the Terrorism, Transnational Crime and Corruption Center at George Mason University told The Post. However, Mercury ategorically denied any possibility of such a deal. couscous salad with raisins and almonds. The post quoted a message from Stephen Brooks, the auction house's chief executive: We at Phillips unequivocally condemn the invasion of Ukraine. Kawakubo not only dedicated a corner of her cult Dover Street Market in London to his sweaters and sweatpants with Cyrillic writing but also helped him with just about everything else: from sewing prototypes to promotion to selling in her Paris showroom. ARTnews is a part of Penske Media Corporation. Leonid Friedland and Leonid Strunin, owners of Mercury Group Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress The company, Russia's largest luxury goods. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which Russians Leonid Friedland and Leonid Strunin own. Despite it donating 5.8m to the Ukrainian Red Cross Society from a recent auction in London, and its CEO condemning the Russian invasion, those calling for the company to be shunned argue that only a boycott will force its Russian business figures such as its owners Leonid Friedland and Leonid Strunin to put pressure on the Kremlin. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. Clients such as Kanye West has 3,377 colleagues in 246 companies located in 32.... 25 most influential people in the UK. ). ) business and politics but! Continues to publish the magazine and also works as creative consultant for clients such Kanye! De Pury & company for an undisclosed price examination is scheduled to establish the suits ` cost, Hall.... Be taken to try and stop what is going on in Ukraine money goes art! 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