A two-day Russian art auction at Sotheby's in New York fetched $46.449 million, breaking several records for individual artists, as wealthy Russians turned out to buy into their cultural heritage.
Russia's economic resurgence since the end of the 1990s and the continually expanding class of super-rich have brought soaring demand for Russian art. Sotheby's Russian art sales in 2007 fetched a massive $190.9 million, compared to just $6.03 million in 2000...