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Simon de Pury leaves Phillips de Pury

Simon de Pury has left Phillips de Pury. De Pury has been chairman of the auction house that partly bares his name for twelve years and his departure comes after Mercury Group, a Moscow–based investment firm that first bought into the house in 2008, acquired his share of the business. While the official statement from the auctioneer was upbeat – 'During the wonderful and exciting years I had the privilege to spend at Phillips de Pury & Company the firm has become a major taste maker in contemporary art, design and photography. I embark on new adventures comfortable with the knowledge that the company is in an excellent position and has been going from strength to strength' – a report in the New York Post claims he was pushed out, though this has not been verified. The auction house will be renamed Phillips. Simon de Pury's wife, Michaela de Pury, a senior director at the house, will also leave the company.

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