Source: Forbes, The Guardian, New York Times, Source: Reuters, The Guardian, New York Times, Source: Business Insider, Wall Street Journal. Source: Forbes, The Guardian, New York Times, Source: Reuters, The Guardian, New York Times, Source: Business Insider, Wall Street Journal. Times Internet Limited. Sotheby's and Christie's Iconic, Legendary and Historical Spring 2019 Auction Jewels Beth Bernstein Contributor Opinions expressed by Forbes Contributors are their own. Sotheby's will no … Source: Britannica, The Guardian. Pinault started out working for his family's timber company before eventually entering the retail market. Christie's auction house had its best year ever in 2010, boosted by the sale of a Picasso for more than $100m. In the aftermath of the devastating fire, France's superrich collectively pledged over €400 million, or $452 million, to the iconic cathedral's repairs; that includes fellow fashion mogul Bernard Arnault, who also announced that he'd be pledging $226 million to the cause. There is a 3rd auction house in the game. Account active Subscriber A leading-edge research firm focused on digital transformation. As the owner of Kering luxury group, his family manages over a dozen high-end brands. Christie’s has issued a statement on the situation, noting that they will provide a transparent track of purchases for the future. In 2017, Christie's sales totaled $6.6 billion. Alongside other major holdings, such as a winery in Bourdeaux and a cruise line in Marseille, Pinault is one of the world's biggest private art collectors. Keep reading for a deeper look at Pinault's life, from his company's origins to his most recent business investments. François Pinault is tied to some of the biggest names in fashion: Gucci, Alexander McQueen, and Yves Saint Laurent. Times Syndication Service. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider A roundup of uplifting stories about everyday heroes. Meet Francois Pinault, the French billionaire who has a $1.2 billion art collection, owns Christie's, and founded Kering, the luxury giant behind Gucci and Balenciaga All rights reserved.For reprint rights. Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. Meet Francois Pinault, the French billionaire who has a $1.2 billion art collection, owns Christie's, and founded Kering, the luxury giant behind Gucci and Balenciaga, Melania Trump is reportedly seeking a book deal for a White House memoir, Amazon faces a privacy backlash for its Sidewalk feature, which turns Alexa devices into neighborhood WiFi networks that owners have to opt out of, Trump was convinced he was going to win on election night in a repeat of 2016, and was 'shouting at everyone' when Fox News called Arizona for Biden, PM's visit to vaccine centres gets 'praise' from Congress, Serum Institute of India threatens to seek ₹100 crore in damages from Chennai volunteer, Master Business Fundamentals from Wharton. Originally founded in 1766 by James Christie, the luxury auction giant has locations in London, New York, Paris, and other major cities. François Pinault, currently the second-richest person in France, finalized his $109 million gift to help rebuild the Notre-Dame Cathedral on October 1, according to the Associated Press. French billionaires have made more money this year than their counterparts in any other country, and they partially have China to thank, JJFarquitectos / iStock / Getty Images Plus, Meet Bernard Arnault, the richest person in Europe, who's worth $80 billion and controls LVMH, the world's largest maker of luxury goods, 9 unlikely items that have become luxury status symbols among the elite, The Pinault family finalized its $109 million gift to help rebuild Notre-Dame on October 1, nearly six months after the cathedral, François Pinault is the founder and owner of. As the “duopoly” of auction houses, Christie’s and Sotheby’s only real competition right now is each other. Auctions French Media Tycoon Patrick Drahi Has Acquired Sotheby’s for $3.7 Billion, Taking the Publicly Traded Auction House Private. Here is a brief history of the illustrious auctioneer: Soon after the Cathedral caught fire in April, Pinault's son announced that the family would donate €100 million, or $113 million, to repair the 800-year-old building. Read more: Bernard Arnault just keeps getting richer. as well as other partner offers and accept our, tupungato / iStock Editorial / Getty Images Plus, announced that the family would donate €100 million, includes fellow fashion mogul Bernard Arnault, Bernard Arnault just keeps getting richer. The Best Auction House: A Continuous Clash. Sign up for Insider Life. Auction house Christie's has "violated international treaties and conventions" by selling almost two dozen Egyptian artifacts in London, Egyptian authorities claim. since. French billionaires have made more money this year than their counterparts in any other country, and they partially have China to thank. His collection includes over 3,000 works of art and is worth over $1.2 billion. Copyright © 2020. 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