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. 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. 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The lucrative sales are typically popular with Russian collectors, and a number of the wealthiestincluding Putin allies Petr Aven, who recently . 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.. 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. 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. One cannot imagine a list of world-famous Russians without top model model and mother of four Natalya Vodyanova. 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. Phillips said earlier this week it does not expect sanctions to affect its business. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. In Russia, besides modeling for Guerlain, Louis Vuitton, Marc Jacobs and other brands, Vodyanova is famous for her charity work. We do not expect the recent sanctions to affect our business, a spokesperson for the auction house said, adding that Phillips does not conduct business with any individuals or institutions who are subject to sanctions.. 9. The World's Premier Art Magazine since 1913. 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 has managed to extend the term of the House of Leningrad Trade (DLT) refurbishment contract to July. It is also the worlds largest unregulated market and it has become a powerful weapon for Putins oligarchs to launder billions of dollars. 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. 8. 2023 The Business of Fashion. 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. Subscribe to The Art Newspapers digital newsletter for your daily digest of essential news, views and analysis from the international art world delivered directly to your inbox. Matthew Girling has also urged collectors to boycott Phillips. 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. In Friedland's analogy, it is "the East Hampton of Moscow" where 70 percent of customers who live there are top gear people." 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. 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. In recent years, Phillips has successfully carved out a niche for itself by holding sales of cutting-edge contemporary art, photography and design, in addition to conducting private treaty sales. In January 1998, the Swiss attorney general Carla Del Ponte informed Scuratov about Behgjet Pacolli`s testimony that Mabetex had paid for tailoring. Here is how the art world responds to the conflict. For his relationship with Borodin was damaged, Skuratov asked his deputy Kolmogorov V.V. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. At Mercury Group, Leonid Friedland has 1 colleague. 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.. Phillips CEO Stephen Brooks posted on social media that the auction house unequivocally condemn[s] the invasion of Ukraine. The Berkeley Square headquarters of Phillips, which was acquired in 2008 by Russian luxury-goods company Mercury Group. In autumn and winter 1997, Skuratov received 14 suites. He is also the founder of TSUM Art Foundation. All rights reserved by Rossiyskaya Gazeta. It has stood alongside Chelsea as one of the jewels in the crown of Russian investments in Londongrad. All companies operating in the UK have to file accounts annually at Companies House with details of their finances and ownership. 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. The company posted a Ukrainian flag on its Instagram page. 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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Matthew Girling, the former CEO of Bonhams, a competing auction house, told The Art Newspaper that people should boycott Phillips over its Russian links. 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. 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. Today she continues to publish the magazine and also works as creative consultant for clients such as Kanye West. In 2009, the Moscow City Property Department brought to the Moscow Arbitrary Court a 1,5 million roubles civil suit against the Torgovy Dom TSUM. He is not stingy at all and easily gives a discount to people whom he finds agreeable. Other than suggesting . You have entered an incorrect email address! 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. Mercury started investing into Expansion Redesign project of the DLT in 2005. From talking to Pacolli, he learned about the sum of approximately $30.000 paid for the suits. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. 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? Anyone involved in this auction has blood on their hands, one outraged art consultant who did not want to be named told The Post. Mercury is also Russia's largest retailer of luxury watches. Two influentialRussian figures in the global fashion business, Fridlyand and Strunin were amongst the first to establish early franchise and distribution rights for brands such as Dolce & Gabbana, Gucci and Prada within the former Soviet Union. May 15, 2012 | 4:00am Not even a billionaire can rent out the Four Seasons Hotel's luxe Ty Warner suite for a party. In 2005, the duo also launched the Barvikha Luxury Village development. I would not like to be the auctioneer this week, one lead auctioneer told the paper. In 2001 they established BoscoSport, which dressed the IOC officials at the Olympics in Rio. De Pury, however, is completely sanguine about the two Leonids' attitude. Update the org chart details of Leonid Friedland. Learn more about Luxury Goods. The Business of Fashion publication has published a list of the top 500 most influential people in the world of international fashion. Everybody knows about a $40 million buyer`s loan received from Sberbank, when Mercury purchased a building complex in Tretyakovsky proyezd. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. 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. Commenting on that, Scuratov explained that in late spring of 1997, the Kremlin's chief property manager Pavel Borodin informed him that the President had ordered to provide officials with formal suits, supposedly from government funds. 1,556 executive movements have been recorded in the last 12 months. Phillips auction house has voiced its condemnation of Russias invasion of Ukraine. 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. The first stores are to be opened by 2011, the whole Village Project to be completed by the start of the Olympic Games. 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. Kusnirovich and Moiseeva own another very large retailer Russias leading department store, GUM on Red Square. The duo also currently operate franchises for luxury car makers such as Ferrari, Maserati and Bentley and in 2008 acquired art auctioneers Phillips de Pury & Company, further expanding their extensive luxury portfolio. By Suzy Menkes, International Herald Tribune. According to a report in the Russian newspaper Kommersant, the groups 2006 turnover was estimated at $850 million. 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. Can the art market simply ignore it and carry on as normal?. Leonid Friedland and Leonid Strunin, owners of Mercury Group, Leonid Friedland (right) and Leonid Strunin (center) / Source: PhotoXpress. More assertive action needs to be taken to try and stop what is going on in Ukraine. One of the principal divas of Russian cinema, Litvinova is a student and follower of the great filmmaker Kira Muratova. Renata Litvinova, actress, director and creative director at the Numro Russia magazine. Owned by Leonid Friedland and Leonid Strunin, Mercury Group is Russias largest luxury retail company. 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.. 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. Owned by Leonid Friedland and Leonid Strunin, the Moscow-based Mercury Group is the largest luxury retailer in Russia. Leonid Strunin. The Russian group has owned Phillips since 2008, when it acquired the company from Simon de Pury for an estimated $60 million. Olga Karput, creator of the Kuznetsky Most 20 concept store. In February 1998, Borodin gave him a $6400 payment receipt and some foreign currency cash. Born in 1969. On his 50th birthday Leonid Friedland and Leonid Strunin presented their friend Igor a 250.000 grey Bentley (M 768 MM 77). The holding company runs a chain of luxury stores across the country,. Both are Russian with their address given as Phillips London headquarters in Mayfair and their countries of residence recorded as Monaco and Cyprus, respectively. 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 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. Source: Nezavisimaya Gazeta, 22 October 2003. Litvinova is often called the "Marlene Dietrich of today" and the "Russian icon of style." Friedland denied that, and Sberbank refused to comment on the situation, referring to trade secrets. He is also the founder of TSUM Art Foundation. 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. Some people say they dont want to mix business and politics, but thats ridiculous, Hall said. Since 2008, the auction house has belonged to Leonid Friedland and Leonid Strunin, the owners of Russian luxury group Mercury. His face expresses ultimate self-sufficiency. That amounts to Borisenko monthly wage of $50.000. 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. The list includes a number of Russians but who are they? Matthew Girling, chief executive of Bonhams until 2020, told The Art Newspaperhe believes people should still boycott Phillips over its Russian links. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region. to return $6400 to Borodin, according to the receipt. 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. Enter your email to join the thousands of other professionals receiving breaking news from WATCHPRO. 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. 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. Friedland says that he is mulling expansion to St. Petersburg and also of rolling out department stores across the former Soviet Union. Former Bonhams C.E.O. Mercury's critics (always off the record) suggest that the company should teach the consumer that a luxury product is not just about logos; that it is ruthless in cutting deals to undermine its smaller competitors; and that its markups are outrageously high. 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. Friedland and Strunin also own the Mercury Retail Group, one of the largest luxury goods retailers in Russia. As told by traders, Mercury`s growth rate is still a biggest puzzle of the luxury market. 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. As with the football club, critics such as Hall believe Phillips ties with Russia should now be severed. Alexandra Gordienko, creator of the Marfa Journal. This intermediary firm was charged with regular custom value underreporting. 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. Other groups and brands, including LVMH, Richemont and Richard Mille have not replied. The World's Premier Art Magazine since 1913. Earlier this month, Matthew Girling, the former CEO of Bonhams, told the Art Newspaper that people should boycott Phillips, which Russians Leonid Friedland and Leonid Strunin own. Among them are Gennady Timchenko, an energy mogul and owner of investment firm Volga Group who has a track record of working to promote Russian heritage abroad through arts and cultural initiatives. We want to hear from you! 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. 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.. By Elizabeth Howcroft. Tax-back claims made against TSUM totalled $69 roubles. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. In November 2011, committee for the administration of state property hesitated to approve the new deadline, suspecting that the company would sell the DLT to Gasprom as the office space. Mikhail Kusnirovich and Ekaterina Moiseeva, owners of Bosco di Ciliegi. He is also the founder of TSUM Art Foundation. 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. 5. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Rolex, Audemars Piguet and Patek Philippe said they would not comment when asked by WATCHPRO about their position on Russian invasion of Ukraine. Borodin testified that he had got the idea about tailored suits because of Skuratov`s limited choice of clothing. Phillips also recently announced its exclusive representation of photographer Annie Leibovitz (see story below). More assertive action needs to be taken to try and stop what is going on in Ukraine. Swatch Group has already said it has stopped exporting watches to Russia, but its affiliate in the country will continue to trade. 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. For more updates about the The BoF 500 subscribe to the Daily Digest newsletter. Yet Leonid Friedland is one of the most powerful men in fashion. Mercury is run by Leonid Friedland and his associate, Leonid Strunin. couscous salad with raisins and almonds. 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. Leonid Friedland's Phone Number and Email Last Update. Get the week's best stories straight to your inbox. Despite Phillips CEO condemning invasion of Ukraine, some argue that only a boycott will force owners to put pressure on Kremlin. Read More . Name: Leonid Surname : Strunin Middle name : Izyaslavovich Post : General Director of Russian Art - XXI century Biography Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. They are owned by the luxury brands company Mercury Group, headed by two Russian owners, Leonid Friedland and Leonid Strunin. After Borodin had left, Skuratov counted the money to realize that he was given back the same $10.000. 2. Efforts to reach the Russian owners for comment were unsuccessful, although it is understood that the Russian nationals are in sympathetic sync with their auction house top brass in calling for peace. Borodin didn`t accept Skuratov`s money, for he considered Scuratov`s earnings tiny compared to suites` price. Email. Russian Vogue wrote about the 33-year-old stylist from Vladivostok saying that, " she introduced the 'new Russian' style of 'guys from the neighborhood' to high fashion.". Find Leonid Friedland stock photos and editorial news pictures from Getty Images. 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 . Mercury has stated that the city government pushes them towards purchasing these commercial spaces on upcoming auction, scheduled on November, 3. Phillips, Sothebys and Christies are expected to generate more than $800 million in sales this week up 35% from last year. We call for an immediate cessation of all hostilities in the strongest possible terms.. Dzhabrailov came to the party escorted by the milicia security guards and two blondes. In that same vein, it is understood the owners are not the subject of any sanctions or affiliated with any parties targeted by sanctions. All rights reserved. Phillips has said it doesnt expect sanctions to affect its business. 2/18/2023 6:53 AM. Dtenue depuis 2008 par les Russes Leonid Friedland et Leonid Strunin (propritaires de Mercury Group), Phillips avait t rachete pour prs de 60 millions de dollars au commissaire-priseur et marchand suisse Simon de Pury. 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. As president and CEO of Mercury, the largest luxury retail group in Russia, Friedland and his associate, Leonid Strunin, are fashion's rising czars. 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. Avsadzhanashvili is head of the family business that her parents established in 1988. Send us a tip using our anonymous form. MILAN None of the buzz at Prada's show last Friday included the thirty-something man in the dark suit and sunshine yellow tie sitting front row. But he could not clear up whether Skuratov`s suits were ordered through the Russian Art shop. says Reebok. 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. We want to hear from you! Get our latest stories in the feed of your favorite networks. Biography . 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 . Deputy Head of Moscow City Government Iosif Orjonikidze, head of Sobinbank Alexander Zanadvorov, show-biz entrepreneur Boris Zosimov with his wife Polina, Chairman of Mercury Leonid Strunin, president of the BIN bank Mikhael Shishkhanov and head of SVA bank Sergey Kovanda. Mr Fridlyand and Mr Strunins connection to the watch and jewelry world has not been widely reported but the art world has reacted strongly and is calling for collectors to boycott Phillips auctions, which has flagship operations in Geneva, New York and London. But there is one Western element that he does not yet see. Born in 1969, Strunin is the Chairman of Mercury, the largest Russian luxury retailer, selling watches and clothes as well as cars. Mysterious Tomb Unearthed in Armenia, Containing a Couple Who DiedTogether. 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. 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 For more information read our Terms & Conditions and Privacy Policy. I am glad he [Stephen Brooks] has said this but at the end of the day it is just words. "Stealth wealth is not working yet in Russia," Friedland says. 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). 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. Its upsetting because its a step towards changing the culture, too. Russian mogul Leonid Friedland, who runs Moscow luxury retail company. However, Mercury ategorically denied any possibility of such a deal. This website uses cookies. 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. For instance, a men`s Zegna wool costume was declared as worth $100, but in Moscow its sale price soared over $3,000. u thng ny, Matthew Girling, cu Gim c iu hnh ca Bonhams, ni vi Art Newspaper rng mi ngi nn ty chay Phillips, cng ty thuc s hu ca ngi Nga Leonid Friedland v Leonid Strunin. 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. Mercury Group was established in 1994 by Friedland and Leonid Strunin, who are known to be its principal owners. Head of the Property Department Vladimir Silkin claimed that TD TSUM gains illegal profits from sales on city territory. The U.K. announced sanctions targeting five banks and high net worth Russian oligarchs in Vladimir Putins close circle. Construction and infrastructure magnates, Boris and Igor Rotenberg, who were investigated for circumventing sanctions to buy art in 2020, have also been targeted. Its holdings include the Tretyakov Projezd and Barvikha Luxury Villageboth high-end. They are very wealthy, collect art and have a large footprint in the Russian economy, but they are not viewed as politically influential oligarchs and have not been placed under . Also up for auction, according to Londons Telegraph newspaper, are five Monets from the collection of Daniel Snyder, the American owner of the Washington Commanders, formerly known as the Washington Redskins. I dont think that anyone should be dealing with Russian or Russian-owned companies at the moment, said Andy Hall, an art collector and philanthropist. Contemporary art star Anish Kapoor considers "Phillips as legitimate a target as the Chelsea football club", formerly owned by Roman Abramovitch. The holding company runs a chain of luxury stores across the country, including the Moscow department store Tsum. Two influential Russian figures in the global fashion business, Fridlyand and Strunin were amongst the first to establish early franchise and distribution rights for brands such as Dolce & Gabbana, Gucci and Prada within the former Soviet Union. Along with the rest of the art world, we have been shocked and saddened by the tragic events unfolding in the region.