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This fall, I sat in a dealer's office when he got a frantic call from someone at an auction house looking for a painting by a 20th-century master that is worth several million dollars. Olivier Berggruen, an art investment advisor for Simon de Pury, paid $51,750 for Cindy Sherman's Untitled Film Still #39 and $442,500 for Gerhard Richter's Piero.Zurich dealer Iwan Wirth, who also has a gallery in New York, paid $16,100 for Charles Ray's Untitled (wood plank along wall) and $134,500 for Bruce Nauman's Sealed Room -- No Access. The Art Newspaper understands that the buyer of Green Car Crash (Green Burning Car I), 1963, is the ultra-secretive Paris-based Philippe Niarchos.The work was the cover lot of Christie’s Post-War and Contemporary Evening Sale in May 2007—the season that marked the height of the New York art market.The large-scale “disaster painting” produced high drama on the night. Philip got his passion for art from his parents, Stavros Niarchos and Eugenia Livanos. It was a rush.Other buyers included SoHo gallerist Marianne Boesky, who bought Robert Gober's Untitled (Hairy Shoe) for $40,250 and Cindy Sherman's Untitled #216 for $96,000. Philip Niarchos was the anonymous buyer of Jean-Michel Basquiat's 1982 Self-Portrait for $3.3 million at Christie's Nov. 12 contemporary auction. [2] He is an International Council Member of London's Tate Gallery.Philip and Spyros Niarchos jointly own their late father's art collection. How mysterious would the Mona Lisa be if Leonardo da Vinci had to recreate it stroke by stroke, with none of the anticipation of how the final work would turn out, with none of the revelation and joy at creating something new?In the same sale, Christie's is offering Andy Warhol's 1962 Orange Marilyn -- a 20 by 16 inch version of the 40 by 40 inch painting that brought $17.33 million last spring. At that price level, Basquiat becomes one of the top post-War artists, surpassing Barnett Newman, Clyfford Still, Jean Dubuffet, James Rosenquist, Claes Oldenberg -- just about everyone aside from Jackson Pollock, Willem de Kooning, Jasper Johns, Andy Warhol and Roy Lichtenstein.Before the sale, the consensus was that the painting might bring an incredible price of up to -- maybe -- $1.2 million. In fact, next week Christie's and Sotheby's are offering art estimated to fetch between $449.4 million and $615.4 million.The results may not be quite as stellar, but the sales will do fine. As the bidding lurched past $2 million there was applause and a few yelps, and when the hammer came down, the audience gasped and whooped and clapped, the art market was a palpably vital force. He bought the Warhol in June for $2.6 million, hoping that Christie's staff could sell it in a private deal. Philip Niarchos was reported to be 54 in 2008 when The Sunday Times estimated his net worth at GBP 850 million. The market's middle may prove a little soft, but at the top level, there's plenty of money around.Previous recessions were presaged by a crash in real estate markets or other harbingers of financial misery. Read Next: Carter Bays Lands Stately Suburban Los Angeles Estate Another Johns White Numbers brought $7.9 million at the historic Ganz sale a year ago, but that painting was bigger, approximately 53 by 40 inches. New York dealer Anthony Grant bought Walter de Maria's Circle/Rectangle 7 (Large Rod Series) for $173,000. Christopher Burge, Christie’s chief auctioneer, opened the bidding at $17m, the highest sum ever previously paid for a Warhol (only six months earlier for Mao, 1972, which was bought by Hong-Kong-based Joseph Lau). Therefore, he is a second cousin of Athina Onassis de Miranda.London-based Niarchos, 56, is the son of the Greek shipping magnate Stavros Niarchos, who left an estate worth more than £3 billion when he died in 1996. Philip Niarchos (alternately: Philippos or Philippe) was born in 1954, the eldest son of the Greek shipping magnate Stavros Niarchos (1909-1996) and Eugenia Livanos (1926-1970), herself the elder daughter of Stavros Niarchos' rival Stavros G. Livanos (1891-1996). [4],[5] In 1994, he bought Andy Warhol's Red Marilyn, at Christie's for $3.63 million. Philip Niarchos (alternately: Philippos or Philippe; Greek: Φίλιππος Νιάρχος) (born 1954) is a Greek billionaire, the eldest son of the Greek shipping magnate Stavros Niarchos and Eugenia Livanos, herself the elder daughter of Stavros Niarchos' rival Stavros G. Livanos. [4] Andy Warhol's skull portraits are from Niarchos' CAT scan. Juli 1909 in Athen; † 16. [1] Alongside his younger brother, Spyros, Niarchos is Co-President and member of the Board of Directors at the Stavros Niarchos Foundation. One bemused dealer called Golfer "a dog," saying "maybe they'll use it as a hood ornament for a white stretch Lincoln. The junior Lee himself is a prominent collector, but apparently didn't want to purchase any of the works coming up for sale.And one could take issue with some of the René Magritte paintings at Christie's on Nov 19, which include icons of the artist's oeuvre that he painted again, as commissions, for his astute and charming lawyer, the late Harry Torczyner. Vassilis Kaskarelis, Senior Advisor Sir Dennis Weatherstone was the Foundation's Chairman from April 1996, until his passing away in June, 2008; the Board wishes to warmly thank him for his leadership and guidance. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. Samen met zijn jongere broer, Spyros, Niarchos is co-voorzitter en lid van de raad van bestuur van de Stavros Niarchos Foundation. The second floor, accessible via elevator, is entirely devoted to a downright hedonistic master suite with dual baths (both equipped with built-in soaking tubs), dual walk-in closets, a sitting room and a private balcony.The well-maintained grounds include a full-size sports court, a motorcourt capable of accommodating two dozen automobiles, an irregularly shaped swimming pool entirely surrounded by a broad red brick terrace and a croquet-ready oversized lawn.Plans for the property’s future remain a mystery, but it’s worth noting the house does not appear to be architecturally significant, meaning a proposed teardown would likely be an easily approved affair.Niarchos, a former professional skateboarder, is a grandson of multi-billionaire shipping tycoon Stavros Niarchos and was most recently in a high-profile relationship with prolific art collector Dasha Zhukova, ex of Russian oligarch Roman Abramovich.