The burgeoning luxury market in Russia is stable and growing, according to a report from The Moscow News.
The online newspaper recently interviewed three prominent individuals in three separate sectors of the luxury industry for an update. The markets for luxury real estate, classic automobiles, and fine jewelry are strong.Nadezhda KotofMoscow Sotheby's International Realty, Mikhail Sasonko, president of the Mikhailov Gallery, and Ilya Sorokin, director of the Oltimer Gallery weigh in on the ebb and flow of the luxury market in Russia.
The famous Russian actor Leonid Yarmolnik, the owner of several great antiques, told me [Ilya Sorokin] once, "If my children or grandchildren some time in the future come to suffer need or hunger, then let these cars be the last things they sell!" To me, that says it all.”