“Every night I wonder what I’m doing,” the owner of the dealership said before the opening in 1993. Selling expensive automobiles to a nation that was struggling to make ends meet after the collapse of the Soviet Union was likely to be a challenge.
“That includes jewellery, works of art, clothes and shoes of a value of more than €20 each and handbags worth more than €50.” Cars are the UK’s number one export to Russia with annual sales of £386m - or nearly 15pc of all exports to the country, according to the most recent data from the Department for International Trade. Aston Martin, Bentley and Rolls-Royce, all popular with wealthy Russians, have showrooms in the country.
Christie’s, which has closed its two-man office in Moscow to the public, said sales in Russia were “relatively small” and added it had a “strict client identification” and “screening process in place” to monitor transactions. “Christie’s will comply with all applicable laws, including the export ban on luxury goods to Russia,” it added.
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