Phillips

£57m Indian summer for auction rooms

Phillips de Pury & Company will raise the curtain on their new London headquarters with a Contemporary Art and Design Art sale on October 14.

The third reunion of former staff of Phillips auctioneers will take place on Tuesday September 12 at the London Rowing Club, Embankment, Putney from 6pm.

Hedge funds continue to stake a claim on big-ticket names

PHILLIPS de Pury & Company are to open a new London saleroom and hold a special Contemporary Art and Design auction on October 14 during the Frieze fair.

THE market for Contemporary art maintained its seemingly unstoppable momentum in New York last week.

FOLLOWING the success of last year’s inaugural reunion of former Phillips employees there will be a similar Phillips Reunited gathering next month on Tuesday September 14 at 6.30pm.

DANIELLA Luxembourg has launched her own private art dealership, Luxembourg Art, after selling her stake in auction house Phillips, de Pury and Luxembourg to partner Simon de Pury.

THE mighty Phillips auction house may no longer be around, but former employees are still thriving. Now some of them have decided that they would like to catch up with ex-colleagues and have formed Phillips Reunited to do just that.

LOUISE MacBain, chief executive and leading financial backer of Phillips de Pury & Luxembourg, has stepped down from her post with the company.

PHILLIPS, de Pury & Luxembourg have raised and restructured their buyer’s premiums.

Since the expected round of redundancies were announced at Bonhams in February as a result of the merger with Phillips, several senior staff have voluntarily left the company, some, if not all of whom are expected to be replaced.

PHILLIPS, de Pury & Luxembourg have closed their French and Continental Furniture department with the departure of its head, Thierry Millerand.

SOTHEBY’s lost one of their senior directors and serious innovators at the beginning of this month when Philippe Garner joined Phillips, de Pury & Luxembourg with the position of Worldwide Director of Photographs and 20th and 21st Century Design.

Phillips have released details of a bumper sale of Contemporary art to be held in New York on May 13. The announcement came as art trade rumours persist about the reasons for the auction house postponing their May 6 sale of Impressionist and Modern art until June at the earliest.

Is there a future for Phillips de Pury & Luxembourg (15/10% buyer’s premium) now that Bernard Arnault and the financial might of the LVMH group have distanced themselves from the company and the enormous guarantees it was paying to secure high-value consignments?

With less than a month until the crunch series of Impressionist and Modern Art sales in New York, it is still not clear whether Phillips will be joining Sotheby’s and Christie’s at sales which netted the company $124m last year.

Phillips-Selkirk, the St Louis, Missouri auction house owned by Phillips de Pury Luxembourg, has a new name and a new owner.

French billionaire quits battle over auction market: Backed by a dotcom businesswoman and an investment bank, two auctioneers last week bought the majority stake in Phillips de Pury Luxembourg from luxury goods group LVMH.

Whitbread archives provide Knowle with a trophy consignment: The Midlands branch of the Bonhams empire, the former Phillips salerooms at Knowle, has not previously been known for regular breweriana sales but their reputation for selling collectables saw them win a 356-lot consignment from the Whitbread archives.