Simon de Pury, Chairman and Co-Founder of Phillips de PuryPhillips de Pury, an auction house known for having a strong focus in the sale of contemporary art and photography, has been bought by Mercury Group. Mercury Group is a Russian luxury retail group that owns top shelf department stores selling Prada, Ferrari, Gucci, Rolex, Maserati, and other high end brand names. Simon de Pury will remain at the helm of the company as Chairman. The Chairman has stated that the “strategic partnership” with Mercury will allow the auction house “ to provide a unique platform to new and fast growing markets.”
Links of Interest:
Phillips auction house is sold [Wall Street Journal]
Phillips auction house is sold [Wall Street Journal]
Russian Group Buys Auction House [NYTimes]
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