With the downturn in the Russian Art market caused primarily by Sanctions, it will be interesting to look at the underpriced collectables from Russia.
As the”big-named” paintings and objects are now valued at about 50% less than pre 2010, what will be interesting to collect?
Icons were on a par with 19th century paintings in the 1970s and then slumped in price in the 1980s onwards. Now with a lack of supply there is a growing interest in collecting and prices are still fairly low. Faberge plain silver objects are out of fashion, so worth picking up at rock-bottom prices. The very interesting Pan-Slavic movement of the early 20th century coming out of Talashkino and Abramtsevo produced some wonderful decorative items ,mostly exported to Britain at the time. The careers of the artists living there blossomed after the Revolution, as many escaped to Paris to work with the ballet and opera. Very few items that were made were signed which has kept the prices very inexpensive. As Abramtsevo is now a “Museum” village and exhibitions are being held in Russia, this a collecting field well worth looking at.
We have noticed that the souvenirs made to celebrate the Soviet Space achievements have disappeared, so worth searching for.
Paintings from the 1940’s onwards will be promoted now by the London auction rooms, to make up for the loss of the 19th century market. The more decorative the better I expect.
Happy Hunting in 2016