House Christie's is preparing a reorganization
ARTinvestment.RU   23 декабря 2008

Representatives of the auction house Christie's announced that in the new year, the company will hold a reorganization

In January 2009, the house Christie's announced the reorganization of its divisions. About Bloomberg writes, citing the statement of the press-service auction house. Details of forthcoming changes not disclosed. However, the Agency notes that the London office of Christie's wine departments have merged, and the books closed department of hunting weapons and the five people left the company.

Browser Bloomberg writes that the representatives nor the auction house nor its parent company Artemis SA has not yet commented on 22 December appeared to blog the newspaper Financial Times rumor that the owner of Artemis SA Francois Pinault is considering the possibility of sales of Christie's ( He bought the auction house in 1998 for 1.2 billion dollars).

Earlier representatives of Christie's reported that in the new year will reduce the peer review of lots and abandon the practice of pre-price guarantee . Trades late autumn and the beginning of the winter of 2008 showed that a significant exodus of customers.

In early December, the chief rival Christie's - house Sotheby's - announced that he will restructure in which the company will save seven million dollars.

In contrast to the aforementioned auctioneers, the Phillips de Pury & Company reported that in the near future the company plans to increase the number of its employees. «We look at the state of positions and hiring new employees in areas that are projected to grow. We will not undertake significant reductions in personnel », - stated in an official e-mail Phillips de Pury on 16 December.

It should be recalled that in October this year, controlling stake Phillips was purchased by the Moscow Mercury Group , specializing in the retail sale of luxury goods.

material produced Catherine Onuchin

Source: lenta.ru , bloomberg.com , artinvestment.ru