A Sotheby’s spokesman said the auction house has canceled the June Russian art auction. As for a Christie’s spokesman, he explained, “All markets are very important to Christie’s. We still believe in them within the framework of applicable laws, regardless of geographical regions. Although the Russian sector occupies a limited place in our total sales, we We had to respond to our customers’ requests and political developments in various regions of the world, so we took a decision to cancel the Russian art auction, which was supposed to be held next June in London.”
The Russian Art Week in London takes place twice a year, in June and December. Sales of Russian art at Sotheby’s last auction brought in $23.6 million in revenue. The proceeds of “Creatie’s” resulting from the sale of the masterpieces of the company “Faberge” amounted to 14.7 million dollars.