The new owner of the biggest antique markets in Paris has pledged to vet them for authenticity and quality.
Jean-Cyrille Boutmy, a Paris-based entrepreneur who owns and
runs independent media group Studyrama, acquired the Paul Bert and
Serpette antiques markets in the Saint Ouen district from the Duke
of Westminster in a reported €30m deal.
The Duke's Grosvenor Group disposed of its interest in the
markets after eight years that have been dogged by disputes.
The group went into partnership with French retail property
asset manager Solal Conseil et Dévéloppement (SCD), paying €50m in
At the time a spokesman pledged to enhance the reputation of the
markets even further, but discord later arose over the issue of
projected rent rises, the markets' heritage and whether the
interests of dealer tenants were being sacrificed on the altar of
Mr Boutmy has long been a buyer at the markets and states his
three priorities for the future as:
• attracting the best antiques dealers to Paul Bert
• "redoubling efforts to boost measures relating to both the
authentication and improving the overall quality of the rare
objects on sale" there - i.e. vetting; and
• "providing this unmissable market with an online presence
worthy of its status".
This last aim will doubtless be achieved with the help of
Studyrama who, among other disciplines, are website
Fifty of the 350 dealers on the 12,000 square metre site -
making it the largest of St Ouen's 14 markets - have joined in the
past two years, says the new owner.
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