Russian Art Market Report – November 2008

No. Pages10
ResearchersAnders Petterson
Report TypeMarket Report

Russian Art Market Report – November 2008 | ArtTactic demonstrates how economic growth spurs interest in the Russian art market.

ArtTactic’s Art Market Reports profile key geographical areas of the art ecosystem.

Indeed the report provides an overarching survey of the unique characteristics of each specific market. The effects of high oil prices and an accelerating Russian economy have had a significant impact on the Russian art market for the last few years. Russian collectors have made significant acquisitions.  They have done so in the international Modern and Contemporary art markets.  But it must be said they have also had a profound effect on the Russian market. A wide range of Russian painters from the 19th and 20th centuries have seen rapid price appreciation. Most recently Russian contemporary art is also gaining momentum.

This report provides an insightful update on ArtTactic’s previous Middle Eastern Art Market Report in October 2008.  The report profiles the efforts of a number of Russian art galleries, museums, curators and artists.   All those who are making confident steps towards greater international recognition.