A report on the Romanian art market in 2013 says there was €15m in sales clustered around works of “national importance.” like Stefan Luchian’s Doua Fete (Two Muses) which sold for €300k. The contemporary market in Romania rose 10% to €1.4m or slightly below 10% of the overall Romanian market:

“However, despite the significant increases in the last three years, the Romanian contemporary art market is still in a process of gradual understanding and appreciation, far from the potential reached by other countries in the region, such as Poland, Russia, Ukraine and Turkey,” reads the report.

Romania’s art auction market reaches EUR 15 mln in 2013 (Romania Insider)