×
75 796
Fashion Jobs
MARC JACOB'S
Stock Supervisor
Permanent · San Diego
MARC JACOB'S
Sales Supervisor
Permanent · Tulalip Bay
TAPESTRY
sr. Director, Digital Lifecycle Marketing
Permanent · New York
TAPESTRY
Manager, Distribution Operations
Permanent · North Las Vegas
OLD NAVY
Assistant Manager, Customer Operations - Jordan Creek tc
Permanent · West Des Moines
OLD NAVY
Assistant Manager, Customer Operations - Rushmore Crossing
Permanent · Rapid City
URBN
Anthropologie Digital Project Manager
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · PARAMUS
URBN
Free People Assistant Visual Manager
Permanent · BURLINGTON
MACY'S
Asset Protection Detective, Boca Raton Town Center - Full Time
Permanent · Boca Raton
MACY'S
Asset Protection Detective, Herald Square - Full Time
Permanent · New York
PRIMARK
Visual Merchandising Manager - Crossgates
Permanent · ALBANY
PRIMARK
Visual Merchandising Manager - City Point
Permanent · NEW YORK
PRIMARK
Visual Merchandising Manager - Roosevelt Field
Permanent · GARDEN CITY
PRIMARK
Talent Acquisition Manager - Volume Recruitment
Permanent · BOSTON
PRIMARK
Visual Merchandise Manager- Jersey Gardens
Permanent · ELIZABETH
PRIMARK
Talent Acquisition Manager - Management Recruitment
Permanent · BOSTON
PRIMARK
Visual Merchandise Manager- Green Acres
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager - Staten Island
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager- Walden
Permanent · BUFFALO
PRIMARK
Visual Merchandise Manager- Woodfield Mall- New Store
Permanent · SCHAUMBURG
PRIMARK
Learning And Development Manager
Permanent · BOSTON
By
Reuters
Published
Jun 29, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Glitterati flock to Masterpiece London luxury fair

By
Reuters
Published
Jun 29, 2012

The Masterpiece London art and luxury fair opened on Thursday showcasing jewelry, furniture and cars to throngs of the international super-rich seemingly immune to worries over a fragile global economy.


Harvey Nichols designer dresses at Masterpiece London 2011 / Photo: Masterpiece London


The glitterati moved along the stands at an exclusive preview event in Chelsea on Wednesday night, sipping champagne as they admired rare sculptures, porcelain, classic cars, paintings, fine jewels and silverware.

"There is a tremendous amount of wealth which needs somewhere to go," Philip Hewat-Jaboor, chairman of Masterpiece, told Reuters at the fair.

International dealers and galleries offered top tier goods to suit all tastes.

Standouts at the event, which runs until July 4, included a 1952 Jaguar C-Type racing sports car once owned and raced by American driver Masten Gregory, and an aquamarine and ruby belt with buckle necklace, designed by Fulco, Duke of Verdura, for jeweler Paul Flato, New York, circa 1935, priced at $2.5 million.

The Gagosian Gallery unveiled a gold plated silver statue by celebrated British artist Damien Hirst, called "Saint Bartholomew, Exquisite Pain 2008."

Visitors also viewed a 1959 Salford Street scene by British painter L.S. Lowry with a price of 495,000 pounds ($766,918) and works by Francis Bacon and Picasso.

Antique tables and clocks, and a risqué 18th Century German Meissen porcelain figure showing a young couple with a price tag of $320,000 were also on sale, along with a chess set featuring gilded birds created by luxury jeweler Theo Fennell for 95,000 pounds ($147,186), and vintage jewels from Faberge, Cartier and Van Cleef & Arpels.

London's high-end art and luxury market appears to be oblivious to the recession in Britain and the weak global economy, gripped by the euro zone debt crisis and worries over Chinese growth.

Organizers reported brisk orders from the start at Masterpiece London, and a number of orange stickers signifying sales quickly dotted the stands.

Sycomore Ancient Art's large wooden statue of a high-ranking Egyptian official dating from 2570-2350 BC sold almost immediately, to a German museum for well over one million pounds ($1.54 million).

Referring to the influx of international visitors milling around the fair, Hewat-Jaboor said London had secured its position as a major international hub for luxury goods.

"London is the great melting pot," he said.

© Thomson Reuters 2022 All rights reserved.