London auction week ended with a £12.2 million sale at Phillips de Pury & Co., below the total presale estimate of £15m-£22 million. In other news about the auction house, several newspapers also reported that it plans to move its headquarters into 30 Berkeley Square as a tenant to the new owner, Mercury, a Russian luxury goods company which reportedly paid £100m in the sale of the property. Phillips, however, has not issued any statement about the move.
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