VOICED: Follow the money: art auction shows hit Moscow

The video discusses the burgeoning art market in Russia, highlighting the interest of wealthy Russian collectors in investing in art, particularly works by famous painters. Despite legal challenges, such as restrictions on exporting Russian art, the market continues to grow. Auction houses like Christie's and Sotheby's have established a strong presence in Moscow, contributing to the city's status as a major art hub. The 2008 economic crisis had little effect on the purchasing power of Russia's elite, further fueling the art market's expansion.

What factors have contributed to the growth of the art market in Russia?

How have international auction houses impacted the art market in Moscow?

What challenges do Russian auction houses face in the art market?

In what ways do Russian collectors differ from collectors in other countries?

What significance does the sale of a painting by a Russian artist hold for the local art market?