10 highlights from London’s Russian art auctions
The Russian art auction series in London last week showed signs of some improvement in the market following a prolonged downturn since the bubble burst around a decade ago. The sales at Sotheby’s, Christie’s, MacDougall’s and Bonhams generated a premium-inclusive £23.2m, up from the £16.4m posted at the equivalent series last year.
Nevertheless, the sales were still running at under half the value of the 2007 market peak.