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Art Market

A Q&A with Christie's Australian art specialist, plus the Muscovite gallery Regina moves into London's Fitzrovia.

Photographer

Well hung
Regina gallery
22 Eastcastle Street, London, W1

The first foreign outpost of the renowned Muscovite institution, the Regina Gallery leapt into London’s Fitzrovia in April – a confident step, considering many gallerists opt to start in London’s more forgiving east.

But far from being a clichéd big-budget vanity project, of which Russian dealers are often accused, owners Vladimir and Regina Ovcharenko have been at it since 1990, helping to grow Moscow’s contemporary scene into the vibrant milieu it is today.

Regina is a labour of love. And the gallery chooses not to limit itself to sourcing from the caché it helped create. “It’s natural for us to start with Russian artists,” says 35-year-old director Anya Mackessy. “But,” adds co-director Romilly Eveleigh, “we want to absorb the environment here and show up-and-coming local artists.”

Two gallery directors stand in a white gallery space with contemporary artworks on the walls behind them.
Anya Mackessy and Romily Eveleigh

Sale: Sotheby’s

Beyond Limits
Sculpture
Chatsworth House, Derbyshire
13 September–31 October 2010


Q&A

Nick Lambourn
Specialist, Christie’s
Australian art sales

Outside of Australia, Christie’s in London is the only outpost to hold major sales of Australian art. Nick Lambourn is the specialist with the knowledge to find hidden gems. Its next sale is 23 September at the South Kensington auction room.

What’s happening in the Australian art market?
The economy is pretty good and the dollar is strong against the British pound. It’s been quite a strong market since 2000, it’s had a long run. It softened a bit in 2008, as everything did, but it’s still fairly bullish.

How does it compare to the rest of the world?
Australia is a small country that punches well above its weight; there are a lot of salerooms and auction houses. Prices don’t compare to the international market but they have been making progress. A Sidney Nolan sold this year for AU$4.5m [€3.1m], a record for an Australian picture.

Who are the key artists?
We start with Impressionists such as Charles Conder, Tom Roberts and Arthur Streeton and go on to Modernists, then the post-war generation of Nolan, Russell Drysdale, Fred Williams and Brett Whiteley, who came over to London in the late 1950s and 1960s. Their careers were kick-started by UK sales from big London galleries like Marlborough and Redfern.

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