Fine Art Newsletter
It’s well past time for an update on the Russian Market.
Last year proved to be a lot of fun as we watched Phyllis and Annie open
a new gallery in O’Bryonville. Their two Russian shows have been
attended by area collectors and curators, and many great works have found
We continue to get new works two to three times a year as Bob travels
to St. Petersburg, Moscow and Voronezh.
The Russian economy gains strength every year, which drives more study
of the artwork and continues to keep prices for key artists climbing.
The international nature of the market parallels activity in China
and India as their markets open up and collectors and curators move
It’s nice to know that the Russian cultural DNA is still intact.
During the cold war, Russian families filled gallery openings and nothing
sold, because there was no money.
When Bob traveled to Russia recently, he attended an opening for
Nikita Fomin. There were over 1,000 attendees and over half the 135
sold (Now it’s DNA with money). Nikita had mixed emotions so many sold;
he has only a few months to prepare for his next big show in China.
We have the new book available on Alexsei Sokolov, as well as a few
copies of Bown’s Dictionary of Soviet and Russian Painting. Bob continues
to do more research for the book on Yuri Dyakov.
We’ve discussed doing other books and shows of works we’ve
sold over the past twelve years. I’m sure we’ll get them
done someday. We’re always open for help and suggestions.
The market continues to expand with regular auctions in New York,
London and other major art centers. The good nineteenth century
increased tremendously. Many of those works relate closely to
the European and
American works of the same period, because a number of the Repin’s
instructors were European.
With more research and books, the market is seeking the works
by the top artists of the last half of the twentieth century.
Chinese are heavily collecting and showing artists like Fomin
met while studying at the Repin during the Cold War.
There are so many factors that determine art’s value, but many
collectors today realize they can spend $30-40,000 for a good third tier
American smallish work. It’s still possible to purchase a large
top tier Russian work from the 50’s to 90’s for similar money
or less. Of course, there are a lot of excellent works for much less.
Some of the artists to watch include Peter and Nikita Fomin,
Vasily and Alexei Sokolov, the Tkachev brothers, Efrem
Levitan, Andrei Mylinikov, Vyacheslav Zagonek, Elena Tabakova,
and Sergei Repin.
If you get a chance, stop into the Weston-Bolling Gallery
to see the “Bread
Lady.” You’ll know she will eventually be in a museum.