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. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. Born in 1969. I never bought a plane or a yacht. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. Nine of the 10 most expensive watches were sold through Phillips in 2021, including a brand-new reference 5711 Patek Phillipe Nautilus watch created with Tiffany, which initially sold for $6.5 million, before the winning bidder withdrew and the second, under bidder was awarded the sale. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . Learn more about Luxury Goods. Source: Nezavisimaya Gazeta, 22 October 2003. ARTnews is a part of Penske Media Corporation. But no one argues that, while other emerging markets like China's Shanghai have yet to realize their potential, Moscow has become luxury's land of plenty. 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. The World's Premier Art Magazine since 1913. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. 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. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. All my money goes into art, he said. 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.. However, none of its competitors believe it. Send us a tip using our anonymous form. This sum only covers the period of 2006-2009, with TSUM using the simplified scheme in 2004-2007. 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.. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners.. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . Get the week's best stories straight to your inbox. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. But some art watchers say thats not good enough. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. The list includes a number of Russians but who are they? TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. Their retail network has almost 200 mono-brand boutiques all over Russia, among which are Armani Collezioni, Etro, Gucci, Max Mara, Audemars Piguet and Blancpain. His greatest pride is his tank with piranhas. Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. 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. Here is how the art world responds to the conflict. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. 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. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. Read More . 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. 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. 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. 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 . 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. 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. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. 5. Later a caf opened in the concept store. We at Phillips unequivocally condemn the invasion of Ukraine. Can the art market simply ignore it and carry on as normal?. 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. 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. However, Mercury ategorically denied any possibility of such a deal. Most people think Simon de Pury is still the owner., However, Matthew Girling, the former chief executive of Bonhams (he left in 2020) and now an independent consultant, tells The Art Newspaper he believes people should still boycott Phillips over its Russian links. In 2005, the duo also launched the Barvikha Luxury Village development. 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. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. Avsadzhanashvili is head of the family business that her parents established in 1988. Neither Fridlyand nor Strunin is on a US or UK sanctions list and Phillips told The Art Newspaper it wouldnt do business with anyone who was on a sanctions list. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Yet Leonid Friedland is one of the most powerful men in fashion. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. Head of the Property Department Vladimir Silkin claimed that TD TSUM gains illegal profits from sales on city territory. 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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. 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. 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. 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. That seller is starchitect Norman Foster. We want to hear from you! Ironically, or so it would seem, Phillips also announced on Monday that it would be selling Jean-Michel Basquiats massive Untitled painting from 1982 from the collection of the Japanese billionaire Yusaku Maezawa in its 20th century and contemporary art sale in May in New York . They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. Save my name, email, and website in this browser for the next time I comment. We call for an immediate cessation of all hostilities in the strongest possible terms.. By Suzy Menkes, International Herald Tribune. Click here to find out more. LONDON (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 Western sanctions on Russia as punishment for its invasion of Ukraine. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. Friedland v Strunin cng s hu Mercury Retail Group, mt trong nhng nh bn l hng xa . All rights reserved by Rossiyskaya Gazeta. The holding company runs a chain of luxury stores across the country . I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Matthew Girling has also urged collectors to boycott Phillips. 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. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia.