However, none of its competitors believe it. 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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. According to Companies House in the United Kingdom, Phillips has two owners with significant control: Leonid Fridlyand and Leonid Strunin. 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. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. 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. Source: History of criminal case N 18/277049-99. It did feel quiet, said one attender at the preview, where viewers sipped espressos as vintage German-made Lange watches, labelled with six-figure prices in dollars and Swiss francs, lay behind display cases for an exhibition next month. At Mercury Group, Leonid Friedland has 1 colleague. The holding company runs a chain of luxury stores across the country,. Here is how the art world responds to the conflict. Phillips has said it doesnt expect sanctions to affect its business. 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. 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. We call for an immediate cessation of all hostilities in the strongest possible terms.. Hailed as the czars of Russian retail, the business duo brought brands like Gucci and Brioni to their native country. Arnault sold his majority stake in 2002. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. The watch firm Lange and Peter Avens investment firm have been approached for comment. All rights reserved. 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 It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. (Ralph Lauren is still being vigorously courted). Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. On his request, some bank`s transaction receipt was given to him, which later he brought to Skuratov. I would not like to be the auctioneer this week, one lead auctioneer told the paper. While last months EU sanctions led to the French government seizing a yacht belonging to another oligarch, Igor Sechin, Avens work does not appear to be at risk of being confiscated by the UK government at least for now. The top three are Roman Abramovich, Alisher Usmanov and Leonid Mikhelson, together worth $58.3 billion. There are other billionaires, however, who've avoided the clampdown. Get our latest stories in the feed of your favorite networks. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. But the list is changing fast. 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. Email. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. 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. 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. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. Official website : TOP 4: Updating: Official website : TOP 5: Updating: Official website The billionaires obviously came but then they brought a next wave, including those who worked with and for them as well as others who came simply because they could, said one concerned Russian whose business is part of a network of advisories and consultancies catering for compatriots needs on schooling, property and culture. Inspectors found that TSUM had been using this strategy of social tax evasion since 2004. Leonid Friedland had already declared that Mercury didn`t participate in foreign trade activities, in fact, he had no idea how the goods were delivered to Moscow. 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. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. 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. Contact. 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. In February 2016 she worked on Sander Lak's debut with the brand Sies Marjan. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. We have seen how the world of banking, travel, leisure, sport and culture have responded to the crisis. Today, there are calls for its boycott. All Rights Reserved. Leonid Strunin. As a subscriber, you have 10 gift articles to give each month. Find Leonid Friedland stock photos and editorial news pictures from Getty Images. In 2008, the company`s revenue amounted to 9, 832 billion roubles, sales proceeds totaled 95 million roubles. With an expanding market of eager, upbeat consumers, as opposed to retailers on shrinking budgets in the morose Western markets, Mercury's buyers are becoming luxury fashion's big spenders. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. His greatest pride is his tank with piranhas. Tax-back claims made against TSUM totalled $69 roubles. 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.. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. Russian teams have been excluded from world sporting competitions and oligarchs like Roman Abramovich are seeing pressure to sell their teams. 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 luxury goods company, Mercury Group. 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. With charitable donations and public statements in support of Ukraine, Phillips, an auction house owned by Russians, is trying to deflect those pushing for a boycott of its business. Alexandra Gordienko, creator of the Marfa Journal. 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. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. They say that until recently, this luxury trader has enjoyed bringing his Mom to the high-end parties, that certainly speaks volumes for him, as well as the Mercury annual turnover, estimated at $150 million. 9. Phillips auction house has voiced its condemnation of Russias invasion of Ukraine. 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"). 2023 Art Media, LLC. 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. A day after the horrific bombing of a Ukrainian maternity hospital, visitors to the Mayfair offices of the Russian-owned auction house Phillips could not help but wonder if an event preview seemed subdued. Source: Komsomolskaya Pravda, 15 November, 2002. Leonid Strunin. 7. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. Its controlled shareholder is the Leonid Friedland and Leonid Strunin`s Mercury Group. Previously, Leonid was the Board of Trustees Mem ber at The State Hermitage Museum. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. Select from premium Leonid Friedland of the highest quality. Subscribe today and save! Send us a tip using our anonymous form. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. 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). 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. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region, said Stephen Brooks, Phillips CEO, in a statement to ARTnews. In autumn and winter 1997, Skuratov received 14 suites. In 2005, the duo also launched the Barvikha Luxury Village development. Karput established her avant-garde, street brand store in 2009, using the famous Colette in Paris as a model. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. We at Phillips unequivocally condemn the invasion of Ukraine. 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 has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. The company posted a Ukrainian flag on its Instagram page. 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. 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. Phillips runs a good operation, but so did German companies during WWII who were intimately involved with the Nazis, Hall wrote on his Instagram account. ", https://www.nytimes.com/2003/03/03/news/rising-czars-of-russias-retail-luxury.html, Suzy Menkes, International Herald Tribune. Phillips has had its share of ups and downs in the past decade. Khatulya Avsadzhanashvili, general director of Babochka. 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. Having created from a rundown arcade, the Tretyakov Projezd, a mall of brands that Friedland describes as "Moscow's Via Montenapoleone" (referring to the upscale Milan street), Friedland has discovered more fertile areas to seed with its luxury brands from Fendi furs through Tod's shoes. 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. In the UK, where Aven has a home in Surrey, he has previously been happy to speak about and showcase a range of valuable art assets. to return $6400 to Borodin, according to the receipt. The Instagram post featured a blue and yellow abstraction by Ellsworth Kelly, the same colours of the Ukrainian flag. In Russia she has been the face of various brands, from Rado to Carrera y Carrera. 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. In 2002 Time magazine placed its owners on the list of 25 most influential people in the world of fashion. 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. 2/18/2023 6:53 AM. ARTnews is a part of Penske Media Corporation. De Pury, however, is completely sanguine about the two Leonids' attitude. Will art buyers show solidarity with Ukraine or will the art world display its usual hypocrisy?. We've received your submission. Mercury is also Russia's largest retailer of luxury watches. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. But some art watchers say thats not good enough. 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. I have no idea if they will stay, to be honest, and it is very worrying. Their visit to the luxury shops was related to the inspection of Ecolux, Mercury`s agent for international buying. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether, Phillips Reaches $1.3 B. in 2022, But Asia Sales Declined, ArtPrize's Board Disbands, German Government Buys Back Hamburger Bahnhof's Building, and More: Morning Links for November 16, 2022. Az aukcis hzat a kt orosz zletember, Leonid Friedland s Leonid Strunin ltal alaptott Mercury Group vsrolta meg 2008-ban kzel 60 milli dollrrt. People take note of the Conservative MP who said that everyone who is Russian should be sent back and another who suggested Russian deposits should be limited to 50,000., They added: The collectors of art are rare in any group but it might be a higher percentage among this group because they have the means, the time and also the interest and incentive. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." 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. 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. 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. 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. 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. He didn`t pay for the suits. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. In an interview with The 'Russian owned' Art Newspaper he suggested that it "will get the attention of the world and the owners . Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. The company received the Saint-Petersburg project as far back as 2005, but has failed to meet the deadline. Leonid Strunin is a founder of the Mercury Group, which is a Russian company that owns the Phillips art auction house. 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. Aucun des deux actuels propritaires de Phillips ne figure sur les listes de sanction et si l'identit des . She covered all the roles in the magazine: journalist, art director and photographer. For more information read our Terms & Conditions and Privacy Policy. For his relationship with Borodin was damaged, Skuratov asked his deputy Kolmogorov V.V. Top-tier auction houses Christie's, Sotheby's, and Bonhams have all called off their sales of Russian art, slated to take place in London in June, as Vladimir Putin's invasion of Ukraine grinds on and the crisis in that country deepens. 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. Borodin took Skuratov to the tailor to be measured, then he placed an order for 6 suits. Br a szankcis listn egyikk sincs rajta, s a cg Instagramra kitett posztja alapjn . 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. leonid friedland net worth. 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. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. 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. Mercury carefully distanced from Ecolux`s troubles with customs. 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.. The company should have built a mall and a parking lot on the site of the department store by September 2011, but it exceeded the alotted time. 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. "Around 50 %" of the figure went to cover Phillips's liabilities. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. At the time of the major private deal, Russia had recently emerged as a key art market player. 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. 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. Mercury started investing into Expansion Redesign project of the DLT in 2005. Click here to find out more. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. 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. "People already had a great sense of taste and quality; it has always been there and how could luxury die?" TD TSUM owns and runs the oldest Moscow department store TSUM, located in the city center. The auctioneer has also organized selling exhibitions of work by such contemporary artists as Julian Schnabel and Mario Testino, and represents the estate of Helmut Newton. Other than suggesting . Strunin has identified a suit, confiscated from Skuratov, stating confidently that it is in fact made by Ermeneglido Zegna. In 2003, the Central Customs Administration took an inventory of Armani, Gucci, Zegna and Dolche&Gabbana stores owned by Mercury in Moscow. 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. Copyright 2023 Promedia Digital Ltd. All Rights Reserved. : Leonid Fridlyand and Leonid Strunin, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other,... Instagram page the major private deal, Russia had recently emerged as a key art market player from... For more information read our terms & Conditions and Privacy Policy hostilities leonid friedland and leonid strunin the of. 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