Russian market stages a slow recovery but oligarchs go all out for heirlooms

As buyers took the chance the chance to swipe a glitzy stocking-filler in time for Christmas, the latest Russian sales in London showed that there is still plenty of money to be made in this sector, despite the downturn.

In all, seven Russian auctions were held last week at Sotheby's, Christie's and MacDougall's (all 25…

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