Leonid Strunin News Today

A new filing from October showed the house's UK losses doubled and its board of directors advised against paying a 2023 dividend.

Plus, Phillips end of year accounts cast doubts on the company's finances and Anselm Kiefer wins the German National Prize.

Phillips is facing 'significant doubt' about its financial future, according to documents revealed by the Guardian.

Exclusive: Auditors have warned debt-burdened firm relies heavily on guarantees provided by owners

Anish Kapoor Calls For Boycott Of Russian Owned Phillips Auctioneers - Damien Hirst Claimed Millions in Furlough Payments - Cecilia  Vicuña  Awarded Hyundai Commission At Tate Modern

With charitable donations and public statements in support of Ukraine, Phillips auction house is trying to deflect those pushing for a boycott of the business, owned by two wealthy Russians.

In London, auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art

Some dealers and advisers told Reuters that the international art market is unlikely to take a hit despite these measures.

Top-tier auction houses Christie’s, Sotheby’s, and Bonhams have all called off their sales of Russian art, slated to take place in London in June, as Vladimir Putin’s invasion of Ukraine grinds on and the crisis in that country deepens. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiest—including Putin allies Petr Aven, who recently departed the board of London’s Royal Academy, and Roman Abramovich, cofounder of Moscow’s Garage Museum—...

By Elizabeth Howcroft LONDON (Reuters) - Auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art in London in June, part ...