The round-the-world tour of paintings prior to auction in London or New York is becoming an increasingly common undertaking for the major auctions despite the rising cost of shipping and insurance. The Moscow Times reports below on paintings being sent to Moscow in November prior to their auction over the Christmas season:- International Auction Houses
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Difficulty with or lack of interest in conducting due diligence has long been a problem in the art world and particularly in the Russian art market. Not believing in the future or, as Osip Mandlestam put it, “We live without feeling the country beneath our feet, our words are inaudible from ten steps away” is
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It’s that time of year again and London’s Frieze week starts today with numerous dealer shows , auctions and fairs selling a potential record US$2bn of artworks.  The Frieze Art Fair opens tomorrow for VIP guests in a purpose built structure designed by architects Carmody Groake in Regents Park.  Gagosian will be showing five works by
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Activist investor, Daniel S. Loeb, has revealed that his hedge fund, Third Point, is now the largest shareholder in Sotheby’s holding 9.3% of the outstanding shares.  Known for his stellar results and previous shareholder activism at Sony and Yahoo Loeb has now turned his sights on Sotheby’s writing an open letter asking for the resignation of
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A new book has just been published by the Unicorn Press in English on the post-war ‘Severe Style’ artist Viktor Popkov. in the 1960’s a group of pioneering artists such as Nikolai Andronov, Geli Korzhev, Viktor Popkov, Pavel Nikonov, Pyotr Ossovski, Victor Ivanov and Tair Salahov rejected the happy cheerful subject matter of Socialist Realism,
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  Moscow Times 17 September 2013 | Issue 5215 By D. Garrison Golubock   Art Moscow Viewers examined works presented by a number of prominent Moscow galleries at last year’s Art Moscow fair. When the Art Moscow fair first opened 17 years ago, it was truly a one of a kind event, a fair intended to bring together foreign and Russian galleries,
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  Above: Roy Lichtenstein’s Woman with Flowered Hat went for $56 million at the recent modern art sales In a recent article, the New York Times declared that the US Federal Reserve Chairman, Ben Bernanke, is now a major patron of the art market. Indeed, there seems little doubt that the Fed’s policy of quantitative
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Maria Baibakova, Russia’s art world ‘It Girl’, continues to make waves both sides of the Atlantic.  She graduated with an MBA from Harvard Business School, no less, in May having taken 2 years out to complete it.  After completing her Masters at the Courtauld she brilliantly summed up the the marxist atmosphere that has existed
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The sharks have already started to circle Detroit’s Art Collection following the City’s recent bankruptcy.  The billion dollar art collection, one of the ten most important museum collections in North America, and containing around 60,000 artworks, is apparently on the table as a possible partial solution for the city’s creditors.  However, a sale of such
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The following article on the London Art Market was published by Art Media Agency (http://www.artmediaagency.com/en/68619/focus-on-the-london-art-market) and contains a good overview of London’s art maket and its status versus that of New York. Focus on the London Art Market London, 27 June 2013, Art Media Agency (AMA). Following the end of Art Basel and the first exciting
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