• Vision de Naples, an 11-leaf screen, circa 1923, by Jose Maria Sert, acquired by Gabrielle Chanel, circa 1925. Estimate: €300,000-€500,000. All photos: Sotheby's
    Vision de Naples, an 11-leaf screen, circa 1923, by Jose Maria Sert, acquired by Gabrielle Chanel, circa 1925. Estimate: €300,000-€500,000. All photos: Sotheby's
  • A pair of gilt-bronze-mounted blanc de Chine porcelain three-light a cigognes candelabras, commissioned by Louis XV, circa 1750, and once owned by Madame de Pompadour. Estimate: €200,000-€400,000.
    A pair of gilt-bronze-mounted blanc de Chine porcelain three-light a cigognes candelabras, commissioned by Louis XV, circa 1750, and once owned by Madame de Pompadour. Estimate: €200,000-€400,000.
  • A jewelled gold and hardstone ‘Steinkabinett’ bonbonniere, by Johann Christian Neuber, Dresden, circa 1780-1785. Estimate: €180,000-€250,000.
    A jewelled gold and hardstone ‘Steinkabinett’ bonbonniere, by Johann Christian Neuber, Dresden, circa 1780-1785. Estimate: €180,000-€250,000.
  • A pair of Louis XVI gilt and blue-patinated bronze candelabras, circa 1784-1786, attributed to Lucien-Francois Feuchere and thought to have been made for Marie Antoinette. Estimate: €300,000-€500,000.
    A pair of Louis XVI gilt and blue-patinated bronze candelabras, circa 1784-1786, attributed to Lucien-Francois Feuchere and thought to have been made for Marie Antoinette. Estimate: €300,000-€500,000.
  • A pair of early George III giltwood armchairs, designed by Robert Adam and made by Thomas Chippendale, 1765. Estimate: €600,000-€1 million.
    A pair of early George III giltwood armchairs, designed by Robert Adam and made by Thomas Chippendale, 1765. Estimate: €600,000-€1 million.
  • A French silver soup tureen with cover and stand, Jacques-Nicolas Roettiers, Paris, 1770-1771. Estimate: €700,000-€1 million.
    A French silver soup tureen with cover and stand, Jacques-Nicolas Roettiers, Paris, 1770-1771. Estimate: €700,000-€1 million.
  • Large Rothschild octagonal casket with silver reliefs, circa 1663. Estimate: €200,000-€300,000.
    Large Rothschild octagonal casket with silver reliefs, circa 1663. Estimate: €200,000-€300,000.

Treasures from Al Thani family-owned Hotel Lambert available at auction


  • English
  • Arabic

In possibly the most lavish house-clearance sale of recent times, contents of the famed French Hotel Lambert are going under the hammer at Sotheby's Paris.

The sheer breadth of items on offer means the auction house has split the sale into five in-person auctions, an online auction, plus a series of catalogues comprising six volumes.

The lavish interiors of Hotel Lambert. Photo: Sotheby’s
The lavish interiors of Hotel Lambert. Photo: Sotheby’s

Between October 11 and 14, 1,300 pieces of art, jewellery and furniture spanning the 17th to 20th centuries will be sold. Renowned for its lavish, opulent interiors — it has, for example, a gallery painted by Charles Le Brun, who also painted the ceiling of the Hall of Mirrors in Versailles — the Hotel Lambert is one of the grandest buildings in the world. It was declared a historical monument in 1862.

Located on Ile Saint Louis in central Paris, Hotel Lambert was built in the late 1640s by financier Jean-Baptiste Lambert. Lambert commissioned King Louis XIV's favourite architect and designer of the Palace of Versailles, Louis Le Vau, to create the house.

After Lambert's death, the work was continued by his brother, Nicolas, who gave Charles Le Brun, Francois Perrier and Eustache Le Sueur the task of completing the interiors. However, despite its names and the fact it has 60-odd rooms, this is not a hotel in the sense of the Ritz or Claridge's. Rather, it is what is known in French as a “hotel particulier”, meaning a private residential palace.

Over the years, the property has been home to the Czartoryski princes of Poland, the Rothschilds and Voltaire. It was said to be Chopin's favourite venue to play, and has also hosted Elizabeth Taylor, Princess Grace of Monaco and Brigitte Bardot.

A silver-gilt casket owned by the Rothschilds. Photo: Sotheby's
A silver-gilt casket owned by the Rothschilds. Photo: Sotheby's

In 2007, Hotel Lambert was bought by Qatar's Sheikh Hamad bin Abdullah Al Thani, for a reported €60 million ($58.1m), with the aim of restoring it to its former glory. The extensive restoration work was led by architect Alain-Charles Perrot; however, some of the proposed changes proved divisive with Parisians. Plans to add lifts, an underground car park and demolish part of the original wall to install electric gates raised concerns of irreparable damage to the building, sparking petitions of protest.

Drawing praise, however, was the hiring of interior designer Alberto Pinto, who was charged with continuing the work of the original designer, Renzo Mongiardino. To the already sumptuous interiors, Pinto added an astonishing array of pieces, including chairs by Robert Adams, a screen once owned by Gabrielle “Coco” Chanel and a silver tureen once owned by a Russian empress.

Hotel Lambert has a screen once owned by designer Gabrielle 'Coco' Chanel. Photo: Lipnitzki
Hotel Lambert has a screen once owned by designer Gabrielle 'Coco' Chanel. Photo: Lipnitzki

After a 10-year restoration programme costing a reported €147m, Hotel Lambert was sold to French telecom billionaire and art collector Xavier Niel in February this year, for an estimated $226m. Now the furniture, art and objects d'Art added by the Al Thani family are being auctioned, with proceeds going to the non-profit Al Thani Collection Foundation, which promotes art and culture.

Worth an estimated €50m, the collection of exquisite items includes Limoges enamels, gold boxes spanning three centuries, pieces from Faberge, hardstone desk seals and mother-of-pearl fans. Described as being amassed through a “deep knowledge and sophisticated aesthetic” by Mario Tavella, president of Sotheby’s France and chairman of Sotheby’s Europe, most items have a fascinating provenance.

Speaking of the quality of the collections now on sale, Tavella says: “The pursuit of beauty and excellence is at the core of this spectacular collection, bringing together pieces treasured by the tastemakers of each generation.

“Visiting the astonishing residence was akin to stepping into part of Versailles, a place where historical and cultural resonance abound. We look forward to sharing all we have seen with collectors and art lovers around the world.”

One item offered at the auction is the Vision de Naples screen, an 11-panelled room screen created in 1923 by Jose Maria Sert. Bought by Chanel in 1925 for her 29, rue du Faubourg Saint Honore quarters, the scene of the Bay of Naples in black and gilt is now estimated to sell for up to €500,000.

A pair of giltwood armchairs designed by Adams and built by Thomas Chippendale circa 1765, meanwhile, is estimated to realise up to €1m, while a pair of gilt candelabra, circa 1750, once owned by Madame de Pompadour, the mistress of King Louis XV, is estimated at up to €400,000.

Another item of furniture, a carved giltwood canape a chassis attributed to Louis XV, circa 1755, and once owned by the Duke and Duchess of Windsor, is expected to sell for up to €130,000.

A carved giltwood chassis, once owned by the Duke and Duchess of Windsor. Photo: Sotheby's
A carved giltwood chassis, once owned by the Duke and Duchess of Windsor. Photo: Sotheby's

Also listed is a collection of fine jewelled boxes, including a gold and hardstone Steinkabinett bonbonniere (literally meaning a fancy dish for sweets) created by Johann Christian Neuber, circa 1780-1785, with an estimated price of up to €250,000. There is also a collection of Limoges enamels being offered, including a painted enamel oval dish by Pierre Reymond, which was admired by both Hubert de Givenchy and Yves Saint Laurent. It is expected to realise up to €300,000.

Elsewhere, there is the Rothschild jewelled silver-gilt casket. A large, octagonal casket, it was constructed by Hans Jakob Mair, the last great silversmith of Augsburg, and decorated in silver reliefs. Dating from 1663 and once owned by Baron Mayer Carl von Rothschild, it is expected to sell for up to €300,000. Then there is a grand French silver soup tureen with a cover and stand, that was made by Jacques-Nicolas Roettiers in the early 1770s. Once gifted by Catherine II, empress of Russia to her lover Count Orlov, it is valued at up to €1m.

A fleur de lys brooch made for Empress Maria Luisa of Bourbon-Parma. Photo: Sotheby's
A fleur de lys brooch made for Empress Maria Luisa of Bourbon-Parma. Photo: Sotheby's

Also included in the sale is a sapphire and diamond brooch from the late 1800s. Shaped as a fleur de lys, decorated with cushion-shaped, circular, single-cut and rose diamonds, and set with a cushion-shaped sapphire, it was made for Empress Maria Luisa of Bourbon-Parma, wife of Ferdinand I of Bulgaria. The fleur de lys was part of the empress's coat of arms, and is expected to sell for up to €45,000.

“It is with immense pleasure that Sotheby’s unveils the magnificent contents of the Hotel Lambert, a universally known landmark in Paris, with interiors that are only now being revealed,” said Charles F Stewart, Sotheby’s chief executive.

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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Essentials

The flights
Whether you trek after mountain gorillas in Rwanda, Uganda or the Congo, the most convenient international airport is in Rwanda’s capital city, Kigali. There are direct flights from Dubai a couple of days a week with RwandAir. Otherwise, an indirect route is available via Nairobi with Kenya Airways. Flydubai flies to Kinshasa in the Democratic Republic of Congo, via Entebbe in Uganda. Expect to pay from US$350 (Dh1,286) return, including taxes.
The tours
Superb ape-watching tours that take in all three gorilla countries mentioned above are run by Natural World Safaris. In September, the company will be operating a unique Ugandan ape safari guided by well-known primatologist Ben Garrod.
In the Democratic Republic of Congo, local operator Kivu Travel can organise pretty much any kind of safari throughout the Virunga National Park and elsewhere in eastern Congo.

UAE currency: the story behind the money in your pockets
bundesliga results

Mainz 0 Augsburg 1 (Niederlechner 1')

Schalke 1 (Caligiuri pen 51') Bayer Leverkusen 1 (Miranda og 81')

Directed by Sam Mendes

Starring Dean-Charles Chapman, George MacKay, Daniel Mays

4.5/5

Company%20profile
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

England Test squad

Ben Stokes (captain), Joe Root, James Anderson, Jonny Bairstow, Stuart Broad, Harry Brook, Zak Crawley, Ben Foakes, Jack Leach, Alex Lees, Craig Overton, Ollie Pope, Matthew Potts

 

Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

ASIAN%20RUGBY%20CHAMPIONSHIP%202024
%3Cp%3E%3Cstrong%3EResults%3C%2Fstrong%3E%3Cbr%3EHong%20Kong%2052-5%20UAE%3Cbr%3ESouth%20Korea%2055-5%20Malaysia%3Cbr%3EMalaysia%206-70%20Hong%20Kong%3Cbr%3EUAE%2036-32%20South%20Korea%3Cbr%3E%3Cbr%3E%3Cstrong%3EFixtures%3C%2Fstrong%3E%3Cbr%3EFriday%2C%20June%2021%2C%207.30pm%20kick-off%3A%20UAE%20v%20Malaysia%3Cbr%3EAt%20The%20Sevens%2C%20Dubai%20(admission%20is%20free).%3Cbr%3ESaturday%3A%20Hong%20Kong%20v%20South%20Korea%3Cbr%3E%3C%2Fp%3E%0A

Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5

Villains
Queens of the Stone Age
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Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)

5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami

6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami

6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel

7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel

7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar

Updated: October 13, 2022, 11:48 AM