Branch of the auction house Phillips de Pury & Company will appear in Russia

[Евгений]

According to Mercury general manager Alexander Reebok, a subsidiary of the auction house Phillips de Pury & Company will appear in Russia. "We see great potential for development of both the company and the auction segment in general - explains Mr. Reebok .- Auditorium Phillips de Pury is a loyal customer of Mercury". The amount of the transaction and the volume of investments declined to disclose Mr. Reebok, specifying only that the price paid was "exclusive".

"When buying a Phillips de Pury, with all its undoubted achievements and debts, I would suggest that $ 30 million - said Mikhail Kamensky, director of Sotheby's, the CIS '.- This transaction is a smart move. If such a powerful and analytically advanced companies like Mercury decided to invest in development of the auction house, it is obviously involves the orientation of the alliance on Russia's market. But the most important for an interested observer should be that this transaction takes place against the backdrop of a catastrophic collapse of stock markets. This means that Mercury and forbsovskaya clientele appreciates the potential of Russia's artistic market, is interested in him and wants to add to the already existing line of luxury goods is the luxury brand called "art".
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On the subject , Simon de Pury: on the art market are not cold brokers
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