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AK Files: Auctioneers Fear Russian Sanctions

Moscow -- The art world faces a nervous build-up to its crucial June auctions, amid concern that the fallout from the crisis in Ukraine will deter Russian collectors.

Art collectors of Art Kabinett social media network know that wealthy Russian collectors drive the top end of the buoyant masterpiece market.

Wealthy Russian buyers, including Roman Abramovich and Alisher Usmanov, have helped to generate record prices for art sold in London and New York over the past decade, with a particular focus on impressionist and modern works.

In February, two weeks before Viktor Yanukovich was deposed as Ukraine’s president, Christie’s and Sotheby’s sold £340m of Impressionist and modern art, including works by Camille Pissarro, Juan Gris and Henry Moore.

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