Sunday, 8th November 2009

 

Ukrainian billionaire reveals buying Hirst painting

Victor Pinchuk, a Ukrainian steel billionaire, on Tuesday disclosed that he was one of the secret buyers at Damien Hirst's record-smashing £111m (€140m) Sotheby's auction, according to a report in This is London.

Pinchuk, estimated to be worth £2.7bn, owns a collection which includes works by some of the most expensive living painters - ranging from Hirst and Jeff Koons to German photographer Andreas Gursky.

Tags: Damien Hirst , Victor Pinchuk

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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