Three months after Sotheby’s opened it’s first Russian office in Moscow, Christie’s International is following suit. The Russian new rich have been confronted by a roaring mob of bare-walled mansions, and art from the Motherland is filling the void. Here’s an excerpt from the full article at Bloomberg News:
“Christie’s said its sales of Russian art increased more than sevenfold between 2000 and 2006. In the first half of 2007, the auction house sold $69 million worth of Russian art worldwide. The house took in $70.5 million for Russian art for all of 2006.
Sotheby’s said its Russian art sales have risen more than 20-fold since 2000, totaling $153.5 million in 2006. So far this year, Sotheby’s Russian art sales have totaled $107.2 million.”
Link to the full article
*Sold at Christie’s in April for $3,624,000