Russia has clearly emerged as an important art market., Phillips spokesperson Ariel Childs told ARTnewsletter, We are looking forward to announcing Moscow initiatives which will capitalize on the new arrangement with this major player in Russia.. Yesterday, the Russian-owned auction house Phillips (which last year realised a best ever $993.3m in auction and private sales) attempted to clear the air on Instagram by posting a statement in support of Ukraine, also posted by Jean Paul Engelen, the firms recently appointed president, Americas and co-head of 20th century and contemporary art. By Elizabeth Howcroft LONDON, March 16 (Reuters) - Auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art in London in June, part of the art market's response to. Phillips has said it doesnt expect sanctions to affect its business. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. As the financial world unites to launch powerful sanctions against Putins oligarchs, the art auction season has begun in London as if nothing has changed. Mercury's critics (always off the record) suggest that the company should teach the consumer that a luxury product is not just about logos; that it is ruthless in cutting deals to undermine its smaller competitors; and that its markups are outrageously high. 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). She also designs advertising campaigns and photo shoots. We want to hear from you! Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. 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. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . Matthew Girling has also urged collectors to boycott Phillips. Leonid Friedland Owner of the Auction House Phillips Marina Abramovic Performance artist, founder of Marina Abramovi Institute Marina Loshak Director of the Pushkin State Museum of Fine Arts Nicolas Iljine Advisor to the General Director of the State Hermitage Museum, culture consultant Roman Trotsenko Entrepreneur, philanthropist, collector They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. Email. 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. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. Phillips is listed by Companies House as having two owners "with significant control" - Leonid Fridlyand and Leonid Strunin - Russians who give their address as the company's Mayfair . 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. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. We at Phillips unequivocally condemn the invasion of Ukraine. Biography . The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. But the list is changing fast. The company owns the "boutique street" in Tretyakov Proyezd in the center of Moscow, the fashionable Barvikha Luxury Village and the TsUM department store, which sells more than 1,000 brands, including Tom Ford, Bottega Veneta, Dolce & Gabbana, Saint Lauren, Bentley, Bulgari and Patek Philippe. Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. It has 35 jewellery and watch boutiques in Moscow, seven in St Petersburg and five in Sochi representing Rolex, Patek Philippe, Chopard, Hublot, Breguet, Girard-Perregaux, Tudor, Zenith, Bell & Ross, Breitling, Blancpain, De Bethune, Urwerk, DeWitt, Greubel Forsey, Ulysse Nardin, TAG Heuer, Gucci and Channel. Miroslava Duma, publisher of Buro 24/7. 4. (Abramovich said Wednesday that hed sell the Chelsea soccer team in the UK.). In autumn and winter 1997, Skuratov received 14 suites. "It is not as successful as showing it off. She has opened several Babochka multi-brand boutiques, which represent brands such as Stella McCartney and Valentino, as well as mono-brand boutiques selling merchandise by Chanel, Fendi, Giorgio Armani and others. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). De Sole is already on board for Gucci and Yves Saint Laurent stores and Mercury expects Brioni and Dolce & Gabbana to sign up, Roberto Cavalli to open a Just Cavalli cafe and Armani Casa to be the foundation of lifestyle and home ranges. Arnault sold his majority stake in 2002. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. 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. Select from premium Leonid Friedland of the highest quality. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Leadership Insights for the 21st Century Its upsetting because its a step towards changing the culture, too. 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. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. I have no idea if they will stay, to be honest, and it is very worrying. Yet Leonid Friedland is one of the most powerful men in fashion. Mercury will build a five-star hotel, Armani, Dolce & Gabbana, Prada, Gucci and Chopard boutiques, restaurants, a concert and conference hall in the area of 8 hectares. Mercury group has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. Alumni of the Moscow Institute of Transport & Engineering, Fridlyand and Strunins initial venture into retail began as a small jewellery and watch outlet, quickly growing through strategic alliances with brands such as Bulgari, Chaumet and Tiffanybefore diversifying into fashion. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. "And I haven't seen anywhere such a cluster of luxury goods presented without altering the spirit," says Umberto Angeloni, CEO of Brioni, which already has three stores in Moscow. Name: Leonid Surname : Strunin Middle name : Izyaslavovich Post : General Director of Russian Art - XXI century Biography Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. On Thursday, Phillips the Russian-owned auction house will hold a 20th Century and contemporary art auction where a three-picture series by artist Francis Bacon is expected to fetch up to $73 million. We call for an immediate cessation of all hostilities in the strongest possible terms.. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). Mercurys properties house boutiques for such fashion brands as Gucci, Prada and Giorgio Armani, as well as showrooms for Ferrari, Maserati and Bentley automobiles. The company posted a Ukrainian flag on its Instagram page. In an Instagram post on March 1, the companys CEO Stephen Brooks reacted with dismay to the organizations 289,000 followers at the invasion of Ukraine. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." All rights reserved. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. Mercury is also Russias largest retailer of luxury watches, Swatch Group has already said it has stopped exporting watches to Russia, Patek Phillipe Nautilus watch created with Tiffany, LVMH and Richemont suspend operations in Russia, Breitling CEO joins street protest against Russian invasion of Ukraine, eBay auctions Milus Snow Star Boreal Green to raise money for Red Cross in Ukraine, Christopher Ward gifts Ukraine watch to 18-year-old refugee from his war-torn country, Sanctions push Harrods to limit watch sales to Russian customers. Skuratov himself decided how many suites he needed to purchase. Alexandra Gordienko, creator of the Marfa Journal. Phillips auction house has voiced its condemnation of Russias invasion of Ukraine. She covered all the roles in the magazine: journalist, art director and photographer. Subscribe today and save! With questions lingering about how businesses of all kinds will be impacted, the auction house Phillips, which is owned by Russian luxury retailer Mercury Group, has said it doesnt expect sanctions to affect its operations. ARTnews is a part of Penske Media Corporation. 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. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. 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 . 9. In recent years, Phillips has successfully carved out a niche for itself by holding sales of cutting-edge contemporary art, photography and design, in addition to conducting private treaty sales. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. During their search of Skuratov`s apartment and dacha, the investigators confiscated 14 male suites, made by Ermeneglido Zegna on 19 and 20 May 1998. Can the art market simply ignore it and carry on as normal?, Russian banks have been virtually cut off from the world financial system when they were unplugged from the SWIFT payments apparatus. In 2009, the Moscow City Property Department brought to the Moscow Arbitrary Court a 1,5 million roubles civil suit against the Torgovy Dom TSUM. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. Anyone can read what you share. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . Immediately after high school, 17-year-old Volkova went to study at London's Central Saint Martins and in 2004 founded her own brand, Lotta Skeletrix, which made collections of street clothes in the postpunk style. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. Mercury carefully distanced from Ecolux`s troubles with customs. Art consultants in London this week who did not want to be named, say they are busier than ever although there may be fewer Russians buying. Still, Phillips said it doesnt fear financial hardship as a result of the war in Ukraine. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. The people shaping the global fashion industry, curated by the editors of The Business of Fashion, based on nominations and on-the-ground intelligence from around the world. We want to hear from you! Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. How is it possible that in the decade since high school mathematics student Friedland and the computer designer Reebok first became friends, they have created a retail conglomerate in which the luxury menswear brand Brioni now does 10 percent of its business? 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. Leonid Strunin. In a second Instagram post yesterday, the auctioneer announced that it will be donating 100% of the buyers premium and vendors commission from its recent 20th Century & Contemporary Art Evening Sale in London to the Ukrainian Red Cross Society. 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. 2023 The Business of Fashion. 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 combination of Phillips's recent move uptown from its . But like real estate, the art market has received temporary exemptions from anti-money laundering regulations in the US for the past two decades. Friedland and Strunin have not been named among the people whose assets are being frozen by the US and UK, though even businessmen who are not being hit with sanctions could face difficulties. 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.". He is also the founder of TSUM Art Foundation. Subscribe today and save! Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. Mr Fridlyand and Mr Strunin are also owners of Mercury Retail Group, one of the largest retail conglomerates in Russia with 125,000 employees, according to its website, mainly in supermarkets and convenience stores. In a Financial Times interview in 2017, Aven identified his favourite piece as Les Maisonettes Rouges by Marc Chagall, bought for a recorded 3.3m. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. ARTnews > Sites in Beirut, Benghazi and Brownsville, Texas, make a most-endangered list All Rights Reserved. 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. Save my name, email, and website in this browser for the next time I comment. Source: Nezavisimaya Gazeta, 22 October 2003. Get the week's best stories straight to your inbox. Avsadzhanashvili is head of the family business that her parents established in 1988. 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 . 8. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. In 2005, the duo also launched the Barvikha Luxury Village development. But some art watchers say thats not good enough. 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. Is mulling expansion to St. Petersburg and also of rolling out Department stores the. 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