Art News

Sotheby’s sales of Russian art concluded this week bringing $95.5 million

NEW YORK, N.Y.- Sotheby’s global auctions of Russian Art in 2011 concluded this week realising a combined worldwide total for Russian Art sold by the company of $95.5 million, an increase of 16%($13.5 million) on our 2010 global total for sales in this field. This total of $95.5 million confirms Sotheby’s position as global leader in the market for Russian Art, for the ninth consecutive year. Discussing the results of Sotheby’s Russian Art Sales in 2011, Jo Vickery, Senior Director and Head of the Russian Art department in London, said: “Participation from serious collectors of Russian Art in Sotheby’s global sales has remained resolutely steadfast for several years, and have also become increasingly selective. Collectors want the very best and this is driving prices up for museum-quality works or paintings with a solid provenance. This week’s un-