In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. According to the statement from Phillips, talks with Mercury Group began in July 2007 and continued for more than a year. 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. says Reebok. Neither Mr Fridlyand nor Mr Strunin is on a US or UK sanctions listand Phillips told The Art Newspaper it wouldnt do business with anyone who was on a sanctions list. 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. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Leonid Strunin. Other than suggesting . Aside from its owners referred to in the art world as the two Leonids the other most visible Russian in the British art world is Peter Aven, a UK-based oligarch who stepped down from a London-based investment conglomerate and a prestigious Royal Academy position after he and other oligarchs were hit by EU sanctions. In 2008, the company`s revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million roubles. Steven Cohen, a hedge-fund manager, agreed to consign it to Phillips in exchange for a third-party guarantee (also called an "irrevocable bid") rumoured to be from the house's principal owners, Leonid Friedland and Leonid Strunin (known in the art world as "the Leonids"). Previously, de Pury was the majority shareholder. Anyone can read what you share. Even Exxon is pulling out of Russia which it didnt do when Russia invaded Crimea. Simon de Pury will continue as chairman of the company and will remain an important shareholder, according to a statement issued by Phillips. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. On 8.5 acres of green lawns, they include open air sculptures such as Henry Moores Reclining Figure, bought for 19m, Lynn Chadwicks Sitting Couple, a Louise Bourgeois spider sculpture, and a specially commissioned Antony Gormley. 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. The watch firm Lange and Peter Avens investment firm have been approached for comment. Friedland is said to look like Pierre Bezukhov, except that Pierre Bezukhov was not a diamond trader, and Friedland is the CEO of Mercury, the company selling luxury watch brands and jewelry in Russia. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. Over lunch in Milan, he and Alexander Reebok, Mercury's general manager, described their ambitious project to bring a purpose-built wood and steel luxury shopping village, with spa, restaurants and a hotel, to Zhukovka, an area where the dachas are a playground for the new super-rich. From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. Many of the most high-profile works set to be auctioned on Thursday are by artists popular with Russians, like a 1980s triptych by Francis Bacon expected to fetch up to $73 million. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . It is small, centrally located in Moscow and sells the Maison Margiela and Nina Donis brands, along with designer souvenirs, art books and other things. 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. However, none of its competitors believe it. Avsadzhanashvili is head of the family business that her parents established in 1988. 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. 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). (The Mercury Group is a Russian luxury-goods business owned by Leonid Friedland and Leonid Strunin, otherwise known as "the Leonids".) 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. Phillips has said it doesnt expect sanctions to affect its business. He is also the founder of TSUM Art Foundation. For his relationship with Borodin was damaged, Skuratov asked his deputy Kolmogorov V.V. 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 going forward. Get our latest stories in the feed of your favorite networks. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. 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. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end shopping centersand TSUM, its flagship department store, next door to Moscows Bolshoi Theater. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. Set in grounds of over 80,000 square metres complete with hotels, spas and a concert hall, the village also boasts a dedicated shopping street lined with brands such as Hasonlan nehz helyzetbe kerlt az orosz kzben lev brit aukcishz, a Phillips is orosz tulajdonosi httere miatt. The artist always plays a prominent role in the twice-yearly contemporary sales in New York, but this season his work saw a phenomenal turnover of $181m, almost a third of the week's total proceeds. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. "Around 50 %" of the figure went to cover Phillips's liabilities. All my money goes into art, he said. Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. Criminal proceedings against ex-Prosecutor General Yuri Skuratov revealed that he had placed an order for 14 tailored suites made by the Italian company Zegna. 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. In autumn and winter 1997, Skuratov received 14 suites. Can the art market simply ignore it and carry on as normal?. Mercury is run by Leonid Friedland, whom the style writer Suzy Menkes has described as "one of the most powerful men in fashion," and his associate, Leonid Strunin. Although Friedland does not give figures, sources in Moscow suggest that Mercury's annual turnover is $300 million outstripping its competitors in the luxury field. 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. Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. The World's Premier Art Magazine since 1913. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. His greatest pride is his tank with piranhas. It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. This website uses cookies. 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.. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). That amounts to Borisenko monthly wage of $50.000. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. 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 . In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. While many tended to have traditional tastes, the same source said it was particularly sad as sanctions on Russia, and the clampdown on the movement of money, would halt a growing trend towards collecting and preserving more recent Russian art and history. An expert examination is scheduled to establish the suits` cost. It was founded in 1993 by Russian entrepreneurs Leonid Fridlyand and Leonid Strunin, who are reportedly close to Putin. She covered all the roles in the magazine: journalist, art director and photographer. 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 Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. 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. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . More assertive action needs to be taken to try and stop what is going on in Ukraine. As evidence in support of his words, Borodin brought the Mabetex invoice dated 14 July 1998, in the name of Skuratov, for tailoring suites, shirts and neckties worth $39675 total. But some art watchers say thats not good enough. Feeling responsible for the expenses incurred by the firm, Borodin asked Bhegjet Pacolli to pay for Skuratov. This partnership with a major player in the luxury sector will allow us to provide a unique platform to new and fast growing markets, de Pury said in the statement. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. 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.. Mercury is also Russia's largest retailer of luxury watches. Phillips has had its share of ups and downs in the past decade. . Mercury group has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether. "It is not as successful as showing it off. The company representatives stated that the name Ecolux meant nothing to them, and they are not aware of any supplier with such name. Now Mercury is about to double its customer reach and its 1,000 strong work force by refurbishing TSUM, the dowager grand duchess of department stores, which brought luxury to Moscow in Russia's Belle Epoque. Some buy art but many others go to exhibitions or become patrons and its maybe higher than your normal new London intake and they use it to get acquainted culturally here.. The company, Russia's largest luxury goods retailer, was set up in 1993. Former Bonhams C.E.O. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. to return $6400 to Borodin, according to the receipt. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. A Phillips statement said that its sales of contemporary art rose 80 percent between 2007 and 2008. De Pury, however, is completely sanguine about the two Leonids' attitude. 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. 3. 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). 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 . 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. According to Companies House in the United Kingdom, Phillips has two owners with significant control: Leonid Fridlyand and Leonid Strunin. The combination of Phillips's recent move uptown from its . Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. 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. Mercury is run by Leonid Friedland and his associate, Leonid Strunin. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. 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. Because Phillips is privately held, the company does not provide detailed information on its ownership. Leonid Friedland's Phone Number and Email Last Update. 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. Phillips's new Manhattan headquarters at 450 Park Avenue, New York. 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. Moscow was literally springing back to life, with new galleries and glimpses of hope. 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. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russia's largest luxury retail company. Get our latest stories in the feed of your favorite networks. Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. At Mercury Group, Leonid Friedland has 1 colleague. (Ralph Lauren is still being vigorously courted). He is also the founder of TSUM Art Foundation. Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. He suggested ordering suits from the firm Zegna, Property Management Department`s official partner at that time. More assertive action needs to be taken to try and stop what is going on in Ukraine. You have entered an incorrect email address! couscous salad with raisins and almonds. Contact. But like real estate, the art market has received temporary exemptions from anti-money laundering regulations in the US for the past two decades. Girling, the former Bonhams CEO, said that only a boycott would get the attention of the owners of Mercury to hopefully influence Putin to change his current chosen course of action., We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis, he told The Art Newspaper. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. All bets are off now. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. We want to hear from you! After Rei Kawakubo (Comme DesGarons) took the young Russian designer and photographer under her wing in 2010, he became a household name among the world's fashion buffs. 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. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. They provided the donation but its really not back to business as usual, and I think buyers and consignors should take their business elsewhere. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. Miroslava Duma, publisher of Buro 24/7. Russia is so centralised and repressed that anyone who is in the economic and cultural elite in that country is, in a way, complicit with the current regime, he added, likening the situation to firms based in Nazi Germany and the boycotts that sought to freeze out South African-controlled businesses in the Apartheid era. Later a caf opened in the concept store. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. 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. bombing of a Ukrainian maternity hospital. ARTnews is a part of Penske Media Corporation. The luxury group started with a 30-square-meter (322-square-foot) shop selling watches that has developed into the current focus on jewelry brands that include Bulgari, Chaumet, Chopard, Graff, de Grisogno and Tiffany. Phillips said earlier this week it does not expect sanctions to affect its business. 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. Testimony about a serial killer appeared in the case of the judge's son and ex-deputy prosecutor Father is in prison, children are withdrawing money to London and are chic, The Moscow authorities have transferred 6 billion rubles to the firm of the mafia "Mercator", As Sobyanin, Biryukov and Nikolaev issue Swiss technology for the Russian, Mercator plus Artamonov and Biryukov equals resignation, Officials fell into the mafia web of the "Mercator", As the company of Don Simeon carries civilian aircraft in Zurich, Career Andrei Tarasenko ruined the "Mercator", Company mafia lets officials "under the escarpment", The "Mercator" of Don Simeon and the provincial governor Andrei Tarasenko, The firm of the mafia goes to conquer Primorye. 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. We call for an immediate cessation of all hostilities in the strongest possible terms, he said. Friedland and Strunin, who are not subject to any sanctions, list their addresses on Companies House as the Berkeley Square headquarters of Phillips, which was acquired in 2008 by their Russian. Soon the brand closed and Volkova moved to Paris, where she started working as a stylist. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. 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. 9. Tax-back claims made against TSUM totalled $69 roubles. Update the org chart details of Leonid Friedland. I have no idea if they will stay, to be honest, and it is very worrying. 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