Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Russian Market Cools

June 4, 2012 by Marion Maneker

We’re feeling a little guilty about having overlooked last month’s Russian art week in London. The lack of action—and our own distraction with other non-art matters—made it hard to generate enthusiasm. Luckily, Georgina Adam is indefatigable. She sums up the sales in the Financial Times:

Last month’s sales of Russian art also showed some cooling. Sotheby’s May 28 session made £10m, with an anaemic sell-through rate of 65.8 per cent; last year the equivalent sale totalled more than £14m. Christie’s on the same day made £8.3m – down from the £10m it earned in 2011. Specialist auctioneer MacDougall’s had an even tougher time, only selling 44 per cent of its Important Russian Art sale, garnering £9.3m. But William MacDougall was upbeat. “It was not our strongest week but, none the less, it was reasonable; works on paper did well and we achieved three world records,” he said.

The art market: Cool winds blowing

More from Art Market Monitor

  • Christie’s London Russian = £24m Christie’s London Russian = £24m
  • Sotheby’s London Russian Evening = £18.29mSotheby’s London Russian Evening = £18.29m
  • MacDougall Russian Paintings = £9.4m ($14.5m)MacDougall Russian Paintings = £9.4m ($14.5m)
  • Roerich Leads Bonhams £12.38m Sale with £7.9m Record PriceRoerich Leads Bonhams £12.38m Sale with £7.9m Record Price
  • Sotheby’s Russian Art = £13.98mSotheby’s Russian Art = £13.98m
  • Christie’s London Russian Sales = £13.6mChristie’s London Russian Sales = £13.6m

Filed Under: General Tagged With: London, Russian

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor