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'BRIC' auction: Russia leads, China dominates in numbers

  • April 26, 2010 12:56
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"Entrance - No Entrance" by artist Erik Bulatov. The work by the Russian artist dates from 1995 and is a second version of the original painted in 1974-75. It sold for 713,250 pounds. Source: Phillips de Pury & Co. via Bloomberg

A painting by the Russian artist Erik Bulatov fetched 713,250 pounds, snagging top lot position in a £7.2  million sale held by Phillips de Pury & Co at the Saatchi Gallery last weekend in London.

Sheer weight of numbers saw China prevail over Brazil, Russia and India in the inaugral 'BRIC' auction.

Chinese art was in most plentiful supply, with 123 lots, 69 per cent of which sold – the highest percentage of the four and culminating in £2.9 million of sales. (Some lots coming from Brazil were withdrawn due to the volcanic disruption.) The highest-selling Chinese work was Zhang Xiaogang’s Amnesia and Memory, which sold for £385,250

Read more at Telegraph

Tags: Asian art contemporary art Chinese art
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