Auction house Christie's names Francois-Henri Pinault as its chairman

PARIS- French billionaire Francois-Henri Pinault was named as the new chairman of Christie's, which is owned by his family investment holding Artemis, the auction house said in a statement on Friday.

Bryan Lourd, the Hollywood talent agent and one of the leaders of CAA which is another asset majority-owned by the Pinault family, also joined Christie's board as a director.

-Reporting by Tassilo Hummel; Editing by Sudip Kar-Gupta/Reuters