Russian collectors prefer London to New York

It is estimated the auction house Sotheby's, customers from Russia, the Middle East and China is about five times more active buying on London than on New York auction

London offices of the leading auction houses increasingly rely on the sales activity for clients from Russia , the Middle East and China. Wealthy collectors of these countries , as calculated by Sotheby's, buy more in London than in New York. The number of lots, gone to the representatives of the developing art markets in the last year has grown on both sides of the Atlantic , but London's growth was 33%, and New York , only 6 %.

And while the world capital of the art market is still considered New York, and basic records set at the auction floors , " Big Apple " (including a record sale of " Scream " by Munch for $ 120 million ), a London auction in the eyes of Russians have natural advantages ( geographical location , availability of real estate, etc. ).

Prepared by Mary Onuchina , AI

Sources : artinvestment.ru

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