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With charitable donations and public statements in support of Ukraine, Phillips auction house is trying to deflect those pushing for a boycott of the business, owned by two wealthy Russians.
In London, auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art
Some dealers and advisers told Reuters that the international art market is unlikely to take a hit despite these measures.
Top-tier auction houses Christie’s, Sotheby’s, and Bonhams have all called off their sales of Russian art, slated to take place in London in June, as Vladimir Putin’s invasion of Ukraine grinds on and the crisis in that country deepens. The lucrative sales are typically popular with Russian collectors, and a number of the wealthiest—including Putin allies Petr Aven, who recently departed the board of London’s Royal Academy, and Roman Abramovich, cofounder of Moscow’s Garage Museum—are now on a continually lengthening sanctions list. All three auction houses confirmed that they wo...
By Elizabeth Howcroft LONDON (Reuters) - Auction houses Christie's, Sotheby's and Bonhams have cancelled sales of Russian art in London in June, part ...