- Deutscher Menzies controls the Melbourne auction business and has a leg up in Sydney. “Once the saleroom is established nationally, it will take on the big two [Sotheby’s and Christie’s] on their home turfs in London and New York. In December Menzies made a bid for the world’s third oldest auction house, the London-based Phillips. He was one of a group of shortlisted bidders but lost out to French financier Bernard Arnault, head of the luxury products group LVMH Moet Hennessy Louis Vuitton. – The Age (Melbourne)
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