Newspaper article The Evening Standard (London, England)

The Names in the Frame for a [Pounds Sterling]29m Raphael

Newspaper article The Evening Standard (London, England)

The Names in the Frame for a [Pounds Sterling]29m Raphael

Article excerpt

THE sale of the Duke of Devonshire's Raphael drawing at Sotheby's last night for [pounds sterling]29.7 million -- the second highest price ever at auction for an old master -- left the saleroom guessing: was the anonymous buyer the free-spending billionaire banker Leon Black of New York, or was he, for once, knocked out? In a greater mystery, were the four bidders actually just two bidders? Black, 60, is the world's leading collector of old master drawings and bought a [pounds sterling]29.2 million Raphael at Christie's three years ago. Boss of investment fund Apollo Global Management, he secretly paid [pounds sterling]74 million at Sotheby's last May for Edvard Munch's Scream -- secretly, that is, until he was named in July by the Wall Street Journal.

Last night two of the finalists at Sotheby's were St James's dealers Luca Baroni and Stephen Ongpin. Both have Black as a client. A source told the Londoner Black was using both. He also said winner Natasha Mendelsohn, from Sotheby's international clients department, and the fourth bidder (George Wachter of Sotheby's New York) were acting for the same person. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.