The Moscow Times got this interesting statistic from Sotheby’s for a brief story on the preference among Russian buyers for London sale rooms over New York:
Sotheby’s has calculated that, while the number of lots sold to buyers from ”new” markets has risen in both cities so far this year, the increase has been far more marked in London (33 percent) than New York (6 percent).
What this means exactly is difficult to parse. Are these buyers from new markets, as written? Or new buyers from those markets as would be more significant? And was Sotheby’s discussing all their sales categories or just certain ones relevant to the story?
Russians, Chinese Boost Art Sales (The Moscow Times)