Chair Board of Phillips de Pury

The other day it became known that the auction house Phillips de Pury & Company, specializing in the sale of works of modern art, a new chapter. Chair of the Board will take 48-year-old Bernd Runge (Bernd Runge), who until recently was vice president of Condé Nast International. Simon de Piura (Simon de Pury) will remain chairman of the auction house. It will deal with the art, while Runge will assume management of the business. In the new post of head of the company will come March 1.

Bernd Runge joined Condé Nast in July 1997. The company publishes popular magazines, including Vogue, GQ, Glamour, AD, Vanity Fair and The New Yorker. During the eleven years that Runge held at Condé Nast, the company has achieved great success - he led the launch of new magazines in Germany, Russia, Brazil, Greece, Portugal and other countries. In 2003, Runge was named «Media Man of the Year» in Germany.

In 2004, the German government is suddenly released documents stating that from 1981 to 1989, Runge worked for East German secret police Stasi. His code name was «Olden» - «old man». Representatives of Phillips de Pury said that they perfectly aware of the impartial fact Runge biography, but, they say, past the new head of the company could not overshadow his professional qualities and achievements.

last year Phillips de Pury bought a Russian group of Mercury, which specializes in retail luxury items . Mercuryprinadlezhat, among other things, the department «TSUM» shopping complex Barvikha Luxury Village.

Material prepared Yulia Maksimova

Sources: bloomberg.com , artinvestment.ru