Sotheby’, one of the world’s largest brokers of fine and decorative art, jewellery, and with headquarters in New York City, eliminates its Russian subsidiary – LLC Sothebys.
According to the Russian Register of Legal Entities, the company will be dissolved by September 1, 2025. Sothbey states on its website that its history in Russia dates back to 1988, when it held a groundbreaking sale of avant-garde and Soviet art that raised more than £2 million (US$3,074,600).
Sotheby’s history in Russia began as early as 1988 with a ground breaking sale of Avant-Garde and Soviet Art that realised more than £2 million (USD $3,074,600). Following a fifteen-year period of unprecedented growth in the Russian Art market, Sotheby’s held its first auction of Russian Art at Sotheby’s London in 2002. Since then Sotheby’s have held many exciting and successful sales such as The Forbes sale of Imperial Fabergé eggs, The Rostropovich sale in 2007, the Romanov Heirlooms in 2009,” claimed Sothebys.
The Sotheby LLC office is located in Moscow’s center, on Romanov Pereulok, near Red Square.
