Art Market: Russian Billionaires Are Back
The most popular pieces were early 20th century modernist works, with the top lot Alexander Yakovlev's "Titi and Naranghe, Daughters of Chief Eki Bondo." It was good for £2.5 million, almost tripling its high-end presale estimate of £900,000.
Sotheby's was the top auction house of London's Russian Week, generating £22.3 million by selling approximately 70 percent of its 615 lots. The result falls within the presale range of £19.3 million to £28 million.