Finnish customs officials have impounded artworks valued by insurance at over €42 million ($46 million), preventing them from returning to Russia, under European Union sanctions imposed in response to President Vladimir Putin’s invasion of Ukraine. Finland intercepted three shipments of art at the Vaalimaa border crossing between Finland and Russia […]
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A Step-by-Step Guide to How Russian Oligarch Art Collectors Are Evading Sanctions + Other Stories
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know this Wednesday, March 23. NEED TO READ Superyachts Are the New Private Art Gallery – In an extremely niche form of service journalism, Robb […]
How the Art Industry Is Weeding Out Sanctioned Russian Oligarchs
Russian oligarchs have deep roots in the art industry as high-value collectors and patrons. Auction houses, museums, and artists are cutting ties with the billionaires in response to sanctions. But experts warn that oligarchs could still launder money and evade sanctions through high-end art. Loading Something is loading. In London, […]
Russian music students bravely condemn conductor’s pro-Putin ‘Z’ stunt
23 March 2022, 11:21 | Updated: 23 March 2022, 12:36 Mikhail Khokhlov, director of the music school, with President Vladimir Putin. Picture: Alamy / гнесинские Vиртуозы Students, graduates, and teachers of the Gnessin Moscow Music School have criticised their principal’s ‘abhorrent’ political act. Last week, the Gnessin Moscow Music School […]
Top auction houses cancel Russian art sales in London
Written by ReutersLondon, UK Auction houses Christie’s, Sotheby’s and Bonhams have canceled sales of Russian art in London in June, part of the art market’s response to Western sanctions on Russia as punishment for its invasion of Ukraine. The auction houses hold sales of Russian art in June and November […]
Russian Artists Lose the Tools of Their Trades as Companies Pull Out
In a call from his car on Sunday, a photographer from Moscow explained why he was driving to Tbilisi, Georgia, having left his apartment and essentially his whole life behind. For one, he has no work. No one he knows is shooting fashion look books or organizing the parties he […]
How Russian Oligarchs Helped Larry Gagosian Build His Gallery Empire + Other Stories
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Monday, March 14. NEED-TO-READ Ukraine’s Architectural Treasures Caught in the Crossfire – As the Russian Federation continues its assault on Ukraine, the […]
Auction houses stop Russian art sales as Russia-Ukraine war drags on: ‘Strict compliance’
Retired U.S. Navy Seal Rob O’Neill weighs in on how the United States responds to Putin’s nuclear threats on ‘Fox Business Tonight.’ In light of the Russia-Ukraine war, leading auction houses are pausing their Russian art sales and don’t have plans to participate in Russian Art Week this summer. The […]
Entertainment News Roundup: Top auction houses cancel Russian art sales in London; Jussie Smollett to be released from jail while appealing conviction and more
Following is a summary of current entertainment news briefs. Top auction houses cancel Russian art sales in London Auction houses Christie’s, Sotheby’s, and Bonhams have canceled sales of Russian art in London in June, part of the art market’s response to Western sanctions on Russia as punishment for […]
Bonhams, Sotheby’s, and Christie’s Have All Cancelled Their Upcoming Russian Art Auctions
Bonhams is joining Sotheby’s and Christie’s in canceling its upcoming sales of Russian art in response to Vladimir Putin’s invasion of Ukraine. The auction houses are also employing more rigorous buyers’ checks to ensure compliance with the West’s sanctions against wealthy Russians who have close ties with Putin. All three […]