Sotheby’s & Christie’s decide not to hold “Russian auction”

The auction houses of Sotheby's and Christie's have decided to cancel upcoming auctions of the Russian art due to the situation in Ukraine, Report informs citing Interfax that The Art Newspaper said with reference to representatives of the auction houses.

"Sotheby's will also not hold auctions of the Russian art in June. Our hearts and thoughts go out to all those affected by the Ukrainian crisis," the publication quoted a statement from a representative of the auction house.

The June auction of Christie's is reportedly canceled.