Valery Dudakov

POINTS OF VIEW

Valery DUDAKOV
LONDON’S 2003 ANNUAL RUSSIAN ART AUCTIONS: A SMASHING SUCCESS

#1 2004 (02)

THIS AUTUMN SOTHEBY’S AND CHRISTIE'S HAD THEIR RUSSIAN ART AUCTIONS IN LONDON AT THEIR TRADITIONAL TIME, LATE NOVEMBER. SOTHEBY’S AUCTIONS WERE HELD IN TWO SESSIONS ACCORDING TO THEIR USUAL PRACTICE: PAINTINGS AND DRAWINGS WERE AUCTIONED AT 34-35 NEW BOND STREET ON 19 NOVEMBER WHILE SCULPTURE, DECORATIVE ARTS AND PRINTS AS WELL AS SOME WORKS OF THE 1950S TO 1990S WERE SOLD AT OLYMPIA ON 20 NOVEMBER.

POINTS OF VIEW

Valery DUDAKOV
RUSSIAN PAINTING AND THE BRITISH ARTMARKET

#1 2003 (01)

AFTER NEW YORK, LONDON IS THE WORLD’S SECOND LARGEST MARKET FOR PAINTINGS, WATER COLOURS AND DRAWINGS. ANNUALLY, LONDON’S GALLERIES, ART DEALERS AND ESPECIALLY ART AUCTIONS SELL ABOUT TWENTY-FIVE TO THIRTY PERCENT OF THE VALUE OF WORKS OF ART SOLD WORLDWIDE. TO PURCHASE ART AT SOTHEBY’S OR CHRISTIE’S IS CONSIDERED BOTH PRESTIGIOUS AND A GOOD INVESTMENT. RUSSIAN ART IS A SMALL, BUT INCREASINGLY SIGNIFICANT COMMODITY.