Francois Pinault News
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French billionaire Francois Pinault’s family has donated to the Chinese nation two bronze animal heads that were the subject of a $40 million disputed sale at Christie’s International in 2009.
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Tucked away on a side street in London’s Bloomsbury district is a disused milk depot with a new occupant: the multimillionaire art collector Frank Cohen.
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Steven Cohen, owner of SAC Capital Advisors LP, has bought Pablo Picasso’s “Le Reve” for $155 million from casino owner Steve Wynn, a person familiar with the transaction said.
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Francois Pinault’s Artemis SA holding company, through which he controls PPR and its luxury goods brands including Gucci and Yves Saint Laurent, went back on trial in a $4 billion California junk-bond case.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Francois Pinault doesn’t see President Nicolas Sarkozy winning re-election, Le Monde reported, citing comments made by the French billionaire on April 26.
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Paintings by Jean-Michel Basquiat, Peter Doig and Gerhard Richter starred in a $127 million sale as the auction market for contemporary art continued to grow.
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French billionaire Francois Pinault’s holding company Artemis SA agreed to pay American International Group Inc.’s SunAmerica unit $62.5 million to settle a lawsuit over an investment in a California insurer.
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A lawyer for Francois Pinault’s Artemis SA holding company said the claim by the California insurance commissioner that the company should be held liable for $2.17 billion in damages was a “fantasy.”
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French billionaire Francois Pinault has sold his 40 percent stake in the Piasa auction house to a group of 14 private investors, daily Les Echos reported, without citing anyone.
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