{"id":412000,"date":"2022-03-04T05:28:18","date_gmt":"2022-03-04T02:28:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-owned-phillips-answers-boycott-call-with-ukrainian-donation\/"},"modified":"2022-03-04T05:28:18","modified_gmt":"2022-03-04T02:28:18","slug":"russian-owned-phillips-answers-boycott-call-with-ukrainian-donation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-owned-phillips-answers-boycott-call-with-ukrainian-donation\/","title":{"rendered":"#Russian-owned Phillips answers boycott call with Ukrainian donation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f9cd3ba844\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f9cd3ba844\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-owned-phillips-answers-boycott-call-with-ukrainian-donation\/#%E2%80%9CRussian-owned_Phillips_answers_boycott_call_with_Ukrainian_donation%E2%80%9D\" >&#8220;Russian-owned Phillips answers boycott call with Ukrainian donation&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CRussian-owned_Phillips_answers_boycott_call_with_Ukrainian_donation%E2%80%9D\"><\/span>&#8220;Russian-owned Phillips answers boycott call with Ukrainian donation&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Phillips, the world\u2019s third-largest auction house, said it will donate all of its commissions from Thursday\u2019s high-profile art sale \u2014 $7.7 million \u2014 to the Ukrainian Red Cross.<\/p>\n<p>The annnouncement from the Russian-owned auction house followed reports in The Post and elsewhere that some collectors were calling for a boycott of the auction house, which is owned by Mercury, Moscow\u2019s leading luxury company.\u00a0<\/p>\n<p>\u201cPhillips will donate 100% of its buyer\u2019s [sic] premium and vendor\u2019s [sic] commission from tonight\u2019s 20th Century &amp; Contemporary Art Evening Sale to benefit the Ukrainian Red Cross Society,\u201d the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.instagram.com\/phillipsauction\/?hl=en\">announced on Instagram<\/a> Thursday morning.\u00a0<\/p>\n<p>The evening auction, of 20th century and contemporary art, was supposed to be a highlight for Phillips, which raked in a record $1.2 billion in global sales of luxury goods last year \u2014 up 32 percent from 2019. Global auction sales for 2021 were up 35% to $993.3 million last year.\u00a0<\/p>\n<p>But Thursday night\u2019s auction in London, which generated $40 million in sales, was \u201cdecidedly tepid,\u201d one collector told The Post.\u00a0<\/p>\n<p>And in an unusual move, \u201cfour or five\u201d lots were withdrawn before the sale, Artnet reported.\u00a0They included one of the auction\u2019s star pieces.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Volunteers carrying supplies enter a Red Cross location in Ukraine\" class=\"wp-image-21411489\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation2.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Russian-owned Phillips\u2019 decision to donate to the Ukrainian Red Cross is being praised by some and criticized as cynical by others.<\/figcaption><figcaption><span class=\"credit\">Anadolu Agency via Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cThey could have gotten cold feet from the press or there was a lack of interest,\u201d the collector said.<\/p>\n<p>\u201cThe response from the sellers\u2019 perspective was a little dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing. \u201cIt was less than they hoped for,\u201d the collector added.<\/p>\n<p>When reached by The Post, David Norman, chairman of the Americas for Phillips, declined to comment.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Exterior of Phillips auction house in New York\" class=\"wp-image-21411451\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Phillips is owned by Mercury, Moscow\u2019s leading luxury company. <\/figcaption><figcaption><span class=\"credit\">SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>On Instagram, some art lovers applauded a pro-Ukraine statement from Phillips earlier in the week, while others called it out as cynical.\u00a0\u201cThey are trying to spin it as something wonderful,\u201d a collector said. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation4.jpg?quality=90&amp;strip=all&amp;w=682\" alt=\"Stephen Brooks, Phillips CEO&#10;\" class=\"wp-image-21411518\" width=\"223\" height=\"329\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation4.jpg?quality=90&amp;strip=all&amp;w=438 446w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation4.jpg?quality=90&amp;strip=all&amp;w=329 334w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation4.jpg?quality=90&amp;strip=all&amp;w=219 223w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation4.jpg?quality=90&amp;strip=all&amp;w=110 111w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation4.jpg?quality=90&amp;strip=all 1024w\" sizes=\"auto, (max-width: 223px) 100vw, 223px\"\/><figcaption>Phillips, headed by CEO Stephen Brooks, annnounced the donation following reports some collectors were calling for a boycott of the Russian-owned  firm.<\/figcaption><figcaption><span class=\"credit\">LinkedIn<\/span><\/figcaption><\/figure>\n<\/div>\n<p>While some art enthusiasts said the auction house should not be \u201cpunished\u201d for Putin\u2019s invasion, others said all Russians must be held accountable for the country\u2019s actions.\u00a0\u201cWas Hitler the only guilty person in Nazi Germany?\u201d one asked.\u00a0<\/p>\n<p>In any case, the collector added: \u201cIt\u2019s naive to think that everything can be laid at the feet of Putin, as if athletes can keep performing and act like nothing happened and as if the oligarchs can continue to float around on their yachts. It\u2019s ridiculous. Russia is a gangster state, like Nazi Germany. Hitler wanted a reich of super Aryans and Putin wants to recreate a mythical Rus.\u201d\u00a0<\/p>\n<p>All in all, 39 of the 41 lots on offer sold. They included bidding wars for John Chamberlain, David Hockney, Francis Bacon and Claude Monet. The highest price was $6.5 million for Hockney\u2019s 1984 diptych\u00a0<em>Self-Portrait on the Terrace<\/em>.\u00a0Issy Wood\u2019s\u00a0<em>Chalet,\u00a0<\/em>from 2019, also set a new auction record for the artist: $588,000; it was estimated to sell for $200,000.\u00a0<\/p>\n<p>Phillips would not go into detail about how it screens its sellers and buyers to make sure sanctions are complied with by all.\u00a0In a statement, a spokesperson told The Post: \u201cPhillips conducts careful due diligence before conducting business with any client, regardless of nationality. Phillips will not conduct business with any individuals or institutions targeted by sanctions.\u201d\u00a0<\/p>\n<p>Retired hedge fund manager and art collector Andy Hall <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.instagram.com\/andyhall16\/?hl=en\">said on Instagram<\/a> of Phillips\u2019 donation: \u201cWell this is a good start. Phillips, which is a well-run, feisty and energetic competitor for the other two big auction houses, should now follow Chelsea FC and sever all ties to Russia\u2019s kleptocracy.\u201d\n                        <\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/03\/russian-owned-phillips-answers-boycott-call-with-ukrainian-donation\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Russian-owned Phillips answers boycott call with Ukrainian donation&#8221; Phillips, the world\u2019s third-largest auction house, said it will donate all of its commissions from Thursday\u2019s high-profile art sale \u2014 $7.7 million \u2014 to the Ukrainian Red Cross. The annnouncement from the Russian-owned auction house followed reports in The Post and elsewhere that some collectors were calling&#8230;<\/p>\n","protected":false},"author":1,"featured_media":412001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/russians-phillips-auction-makes-ukrainian-donation.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[126360,116,70728,76172,4975,70868,126128],"class_list":["post-412000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-3-22","tag-art","tag-auctions","tag-gallery","tag-russia","tag-ukraine","tag-ukraine-war"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=412000"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/412001"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=412000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=412000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=412000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}