Tuesday, 14th October 2008

 

Christie's pips Sotheby's for Yves St Laurent art rights

Christie's has secured the rights to sell Yves St Laurent's £250m (€318m) art collection, beating arch rival Sotheby's in a heated battle, according to a report in The First Post magazine.

Pierre Berge, St Laurent's long-time companion and heir, had been courted by the two auction firms long before the French fashion designer’s death last month.

Sources said Sotheby's had been the favourite, but Francois Pinault, the billionaire French owner of Christie's, was helped by the fact that he owned the YSL couture house, which he acquired in 1999.

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Mayfair goes Modern

Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.

Rich Monitor

Indian billionaires lift London

Lakshmi Mittal, the Indian steel tycoon with a £28bn (€35bn) fortune, has three houses on London’s most exclusive road, Kensington Palace Gardens.

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