Surrealism Attracts the Bear

The Master, Judd Tully, uncovers a new trend in collecting on Russian buyers are entering the Surrealism market:

An otherwise anonymous Russian art adviser from Moscow scooped up two works for a Russian client who is building a collection, and underbid several other paintings. She nabbed Francis Picabia’s multiple-layered and so-called “Transparency” painting Nerii (1929–31) for £601,250 ($955,988; est. £500–800,000) and Max Ernst’s wildly decaying and bug-infused Profanation of Spring (1945) for £1,049,250 ($1,668,308; est. £700–900,000). “No names,” warned the Russian adviser in perfect, accented English as she exchanged business cards with a Belgian dealer who had competed against her on several of the Surrealist lots.

London Auction Season Kicks Off With a Bang (