Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. 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. ARTnews is a part of Penske Media Corporation. All bets are off now. Even Exxon is pulling out of Russia which it didnt do when Russia invaded Crimea. ARTnews is a part of Penske Media Corporation. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. Still, Phillips said it doesnt fear financial hardship as a result of the war in Ukraine. 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. 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. What Mercury thinks of all this and how it affects the health of its investment is a matter of speculation, since principles Leonid Friedland and Leonid Strunin do not speak to the media. Unofficially, senior Phillips folks are reaching out to investors like Hall to convince them to continue to do business with the auction house, Hall said. In autumn and winter 1997, Skuratov received 14 suites. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. 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. Later a caf opened in the concept store. 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. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Mercury also holds the Moscow Central Universal Department Store (TSUM), a chain of boutiques and stores in Moscow and regions. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. But the list is changing fast. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. 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. 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. leonid friedland net worth. Can the art market simply ignore it and carry on as normal?. Can the art market simply ignore it and carry on as normal?. All Rights Reserved. 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. All Rights Reserved. Click here to find out more. 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. 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? In 2005, the duo also launched the Barvikha Luxury Village development. Khatulya Avsadzhanashvili, general director of Babochka. Former Bonhams C.E.O. All rights reserved by Rossiyskaya Gazeta. 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. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. The company, Russia's largest luxury goods retailer, was set up in 1993. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. Skuratov himself decided how many suites he needed to purchase. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. 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. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. 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. 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. But some art watchers say thats not good enough. 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. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. bombing of a Ukrainian maternity hospital. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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). 100 years of fashion in Russia: 1915-2015>>>. Mercury started investing into Expansion Redesign project of the DLT in 2005. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Source: History of criminal case N 18/277049-99. An expert examination is scheduled to establish the suits` cost. 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. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. Amid bloodshed in the Ukraine following the Russian militarys invasion in the country last week, sweeping economic sanctions targeting oligarchs with ties to the Russian government are being levied. , Brioni, Balenciaga and Tods. Get our latest stories in the feed of your favorite networks. Phillips's new Manhattan headquarters at 450 Park Avenue, New York. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. The World's Premier Art Magazine since 1913. 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. However, Mercury ategorically denied any possibility of such a deal. By Elizabeth Howcroft. 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. Mercury group has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. Phillips auction house has voiced its condemnation of Russias invasion of Ukraine. 2/18/2023 6:53 AM. The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. The company owns fashion boutiques selling Goiorgio Armany, Patek Philippe, Dolce & Gabbana, Prada, Tod's, Rolex, Bvlgari, Tiffany & Co., Chopard, Bentley, Ferrari, Maserati cars and other luxury brands. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. 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. We've received your submission. 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. Russia was the 17th largest market in the world for Swiss watches last year, receiving exports worth CHF 260 million with a retail value of over half a billion francs. More assertive action needs to be taken to try and stop what is going on in Ukraine. Name: Leonid Surname : Friedland Middle name : Yakovlevich Post : President and co-owner of Mercury Group Biography Born in 1969. He is not stingy at all and easily gives a discount to people whom he finds agreeable. 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. Dior and Saint Laurent: Twilight of the Gods. 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. 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. Other partners with a stake in the auction house include Phillips contemporary-art director Michael McGinnis and international specialist Michaela Neumeister. He is also the founder of TSUM Art Foundation. Subscribe today and save! Anyone can read what you share. There are other billionaires, however, who've avoided the clampdown. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. The company posted a Ukrainian flag on its Instagram page. Maezawa bought the painting atChristies New York in May 2016 for a then record $57.2m (including fees). According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. As the EU, UK and US impose a punishing roster of economic sanctions against Russia for its ongoing invasion of Ukraine, Russian-owned businesses are potentially at risk of suffering collateral damage. Source: Komsomolskaya Pravda, 15 November, 2002. 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 secret of the site's success is its combination of large image spreads with short, carefree news pieces about fashion, beauty, culture and society gossip. Friedland and Strunin also own the Mercury Retail Group, one of Russia's largest luxury goods retailers. 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. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. The main elements of her image are elegance in black tones, a wavy 1940s-style haircut and bright red lipstick. The actions, the department said, impose severe economic costs that will have both immediate and long-term effects on the Russian economy and financial system designed to isolate Russia from international finance and commerce. The executive order targets roughly 80 percent of all banking assets in Russia. In 2006-2007, the TSUM (principal owner is the luxury retailer Mercury) signed contracts with 24 staffing agencies, all of them using a simplified taxation scheme. UK freezes assets of seven Russian oligarchs including Roman Abramovich, Original reporting and incisive analysis, direct from the Guardian every morning. The Russian invasion of Ukraine, which took place on February 24th, shocked the whole world. 2023 The Business of Fashion. 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. Leonid Mikhelson, the billionaire owner of Russia's gas giant Novatek, has been supporting the Western art world for more than a decade, sponsoring exhibitions at the Art Institute of Chicago . We call for an immediate cessation of all hostilities in the strongest possible terms, he said. 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. "They are quite young, mostly in their 30s and up to 45, and they are quite well educated about fashion and they would like to know more," Friedland says. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. Store ( TSUM ), a wavy 1940s-style haircut and bright red lipstick identit des not! 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