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French bidder buys Phillips

Series: Times ; 16 November 1999, 6(1)Publication details: 1999Subject(s): Summary: Britain's third largest auction house, Phillips has been bought by the French businessman Bernard Arnault, for £70m. This leaves only Bonhams in British control.

Britain's third largest auction house, Phillips has been bought by the French businessman Bernard Arnault, for £70m. This leaves only Bonhams in British control.