Russian contemporary art market takes off

The appetite for Russian contemporary art is growing as an expanding class of wealthy Russians move from classic to more modern works, gallery owners at a major Madrid art fair said.

But while the majority of the art is being bought by Russians, interest from abroad is also rising as Russian artists become better known in the West, they added.

"There are very few people in Russia who have knowledge of contemporary art, still interest is growing and that could lead to more sales," said Daria Pyrkina, a professor at Moscow State University who selected the eight galleries taking part in "Focus Russia" at the ARCO contemporary art fair.

A series of 11 large black and white photos of dead monkeys with a price tag of 44,000 euros (59,500 dollars) and a large oil painting on cow skin of a young blonde woman with a long moustache costing 10,000 euros are among the Russian pieces up for sale at the five-day fair which wraps up Sunday.

Over 90 percent of buyers of Russian contemporary art are Russian speakers from the former Soviet Union, said William MacDougall, the co-director of the specialist Russian auction house MacDougall's.

"The Russian contemporary art market has been slower to recover since the global financial crisis than classical Russian art. But with international contemporary strong again, we expect Russian contemporary to follow," he said.

"Much Russian contemporary art is still very affordable, compared with Russian classic art and international contemporary, so it is being bought by the growing middle class as well as by the wealthy."

The London auction house sold 1.4 million pounds (1.6 million euros, 2.2 million dollars) in Russian contemporary art last year, compared to 1.5 million pounds in 2009.

Buyers outside of Russia have shown interest in works by Russian artists but they often balk at paying the same prices for their pieces as they would for items made by Western European artists, said Anna Luneva, the curator at Moscow's M&J Guelman Gallery which is selling the oil on cow skin painting.

"This is the main difficulty. Russian artists are very good, we often have to educate buyers on this point," she said.

Over the past decade several world-class galleries focused on contemporary art, such as RuArts, Stella Art and Marina Gisich, have opened in Moscow and St. Petersburg, which have helped boost the popularity of modern art.

In many cases the gallery owners are the wives or girlfriends of Russian tycoons and their involvement provides the contemporary art market with a mix of philanthropy, patronage and celebrity that makes it fashionable.

"I think this is really raising awareness in Russia of Russian contemporary art and fueling respect and curiosity for their own contemporary artists," said Sotheby's Russian art specialist Joanna Vickery.

The largest gallery, the Garage Centre for Contemporary Culture which opened in 2008 at a reconverted Soviet bus depot in Moscow, is owned by Russian heiress Dasha Zhukova, the girlfriend of Chelsea football club owner Roman Abramovich.

Its inauguration in 2008 featured a performance by British singer Amy Winehouse and it drew European aristocrats and powerful art dealers from New York and London.

"The scene is not big like in New York or London but there is a new generation of artists doing interesting works," said Evgeny Mitta, the director of Moscow gallery Peperworks.

Arts and Entertainment
JK Rowling is releasing a new Harry Potter story about Dolores Umbridge
books
Arts and Entertainment
Don’t send in the clowns: masks and make-up conceal true facial expressions, thwarting our instinct to read people’s minds through their faces, as seen in ‘It’
film
Arts and Entertainment
Go figure: Matt Parker, wearing the binary code scarf knitted by his mother
comedy Mathematician is using comedy nights to teach and preach sums
Arts and Entertainment
Ryan Gosling in 'Drive'
filmReview: Ryan Gosling is still there, but it's a very different film
Arts and Entertainment
Urban explorer: Rose Rouse has documented her walks around Harlesden, and the people that she’s encountered along the way
books Rouse's new book discusses her four-year tour of Harlesden
PROMOTED VIDEO
Arts and Entertainment
Orson Welles made Citizen Kane at 25, and battled with Hollywood film studios thereafter
film
Arts and Entertainment
A scene from Franco Zeffirelli's production of 'Aida' at Milan's famed La Scala opera house
operaLegendary opera director in battle with theatre over sale of one of his 'greatest' productions
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
Juergen Wolf won the Young Masters Art Prize 2014 with his mixed media painting on wood, 'Untitled'
art
Arts and Entertainment
Iron Man and Captain America in a scene from
filmThe upcoming 'Black Panther' film will feature a solo black male lead, while a female superhero will take centre stage in 'Captain Marvel'
Arts and Entertainment
The Imperial War Museum, pictured, has campaigned to display copyrighted works during the First World War centenary
art
Arts and Entertainment
American Horror Story veteran Sarah Paulson plays conjoined twins Dot and Bette Tattler
tvReview: Yes, it’s depraved for the most part but strangely enough it has heart to it
Arts and Entertainment
The mind behind Game of Thrones George R. R. Martin
books

Will explain back story to fictional kingdom Westeros

Arts and Entertainment
Dorothy in Return to Oz

film Unintentionally terrifying children's movies to get you howling (in fear, tears or laughter)
Arts and Entertainment

music
Arts and Entertainment

film
Arts and Entertainment
Robert James-Collier as under-butler Thomas

TVLady Edith and Thomas show sad signs of the time
Arts and Entertainment

music
Arts and Entertainment
The Dad's Army cast hit the big screen

film
Arts and Entertainment

music
Arts and Entertainment
JK Rowling is releasing a new Harry Potter story about Dolores Umbridge

books
Arts and Entertainment
On The Apprentice, “serious” left the room many moons ago and yet still we watch

TV
Arts and Entertainment
The Doctor finds himself in a forest version of London in Doctor Who episode 'In the Forest of the Night'
TVReview: Is the Doctor ever going stop frowning?
Arts and Entertainment
A scene from David Ayer's 'Fury'

film
Arts and Entertainment
Taylor Swift performs at the 2014 iHeart Radio Music Festival
music review
Arts and Entertainment
Paul Anderson plays Arthur Shelby in Peaky Blinders series two
tvReview: Arthur Shelby Jr seems to be losing his mind as his younger brother lets him run riot in London
Arts and Entertainment
Miranda Hart has called time on her award-winning BBC sitcom, Miranda
tv
Arts and Entertainment
Sir Nicholas Serota has been a feature in the Power 100 top ten since its 2002 launch
art
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

ES Rentals

    Independent Dating
    and  

    By clicking 'Search' you
    are agreeing to our
    Terms of Use.

    The drugs revolution starts now as MPs agree its high time for change

    The drugs revolution starts now as MPs agree its high time for change

    Commons debate highlights growing cross-party consensus on softening UK drugs legislation, unchanged for 43 years
    The camera is turned on tabloid editors in Richard Peppiatt's 'One Rogue Reporter'

    Gotcha! The camera is turned on tabloid editors

    Hugh Grant says Richard Peppiatt's 'One Rogue Reporter' documentary will highlight issues raised by Leveson
    Fall of the Berlin Wall: It was thanks to Mikhail Gorbachev that this symbol of division fell

    Fall of the Berlin Wall

    It was thanks to Gorbachev that this symbol of division fell
    Halloween 2014: What makes Ouija boards, demon dolls, and evil clowns so frightening?

    What makes ouija boards and demon dolls scary?

    Ouija boards, demon dolls, evil children and clowns are all classic tropes of horror, and this year’s Halloween releases feature them all. What makes them so frightening, decade after decade?
    A safari in modern Britain: Rose Rouse reveals how her four-year tour of Harlesden taught her as much about the UK as it did about NW10

    Rose Rouse's safari in modern Britain

    Rouse decided to walk and talk with as many different people as possible in her neighbourhood of Harlesden and her experiences have been published in a new book
    Welcome to my world of no smell and odd tastes: How a bike accident left one woman living with unwanted food mash-ups

    'My world of no smell and odd tastes'

    A head injury from a bicycle accident had the surprising effect of robbing Nell Frizzell of two of her senses

    Matt Parker is proud of his square roots

    The "stand-up mathematician" is using comedy nights to preach maths to big audiences
    Paul Scholes column: Beating Manchester City is vital part of life at Manchester United. This is first major test for Luke Shaw, Angel Di Maria and Radamel Falcao – it’s not a game to lose

    Paul Scholes column

    Beating City is vital part of life at United. This is first major test for Shaw, Di Maria and Falcao – it’s not a game to lose
    Frank Warren: Call me an old git, but I just can't see that there's a place for women’s boxing

    Frank Warren column

    Call me an old git, but I just can't see that there's a place for women’s boxing
    Adrian Heath interview: Former Everton striker prepares his Orlando City side for the MLS - and having Kaka in the dressing room

    Adrian Heath's American dream...

    Former Everton striker prepares his Orlando City side for the MLS - and having Kaka in the dressing room
    Simon Hart: Manchester City will rise again but they need to change their attitude

    Manchester City will rise again but they need to change their attitude

    Manuel Pellegrini’s side are too good to fail and derby allows them to start again, says Simon Hart
    Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

    A Syrian general speaks

    A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
    ‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

    ‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

    Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
    Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

    Fall of the Berlin Wall

    History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
    How to turn your mobile phone into easy money

    Turn your mobile phone into easy money

    There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes