“Fields in the Village” – Nikita Fedosov 1971
The Lazare Gallery ran an ad in this August’s issue of Art + Auction Magazine, which uncovers the reasons Russian Realist art has seen such incredible growth in recent years. The article also explains why the conditions are right for Russian Realist art begin growing exponentially faster. It’s a great introduction to the basic market forces behind the rising popularity of this movement. Here are a few exerpts:
“The major western auction houses have built their record Russian art sales by largely selling works of artists that fled the country and created large bodies of work in the west. A rare opportunity exists as many of the artists who produced the highest quality works and are most revered in their own homeland, never left Russia. These artists often have major works available at a lesser price even though many have more museum placements than those who fled. The price of these artist’s work will see substantial growth as it equalizes with works of similar quality selling in the west. […] Following the lead of astute western investors and collectors, together with the new Russian billionaires who are acquiring such Russian artwork in volume, informed investors now have the opportunity to scoop up museum-quality works before the full awareness of these artist’s importance raises prices.”
“Historic analysis indicates that Russian realism is following the same pattern of increasing demand and price as that of the French Impressionist, Hudson River and Barbizon schools.”
To read the full article, click here.