While normally used as a financial term referring to the rapidly expanding economies of Brazil, Russia, India & China, the acronym BRIC here refers to the burgeoning contemporary art practices within these four countries.

Following the thrilling results for the first ever BRIC auctions in 2010, which highlighted the international demand for the best and most exciting art from the fast growing economies of Brazil, Russia, India and China, Phillips de Pury & Company will continue to break new ground with BRIC 2011.  Numerous world auction records were achieved last year for KOMAR & MELAMID, EMILIANO DI CAVALCANTI, VLADIMIR YANKILEVSKY & OSGÊMEOS; with outstanding results for ERIK BULATOV, AI WEIWEI, LIU WEI, CAI GUO QIANG & ZHANG XIAOGANG. This is testament to the rich variety, quality and diversity of the art, design and photography offered during these sales.

This year’s BRIC sale will focus on artists with longevity and appeal as well as emerging new talent. The sale will offer collectors the opportunity to learn about and buy into these diverse markets in one sale room with a compelling, edited selection of the best available works.

“With this auction we aim to show the new strength and depth of the Contemporary Art Market in Brazil, and the continuing upward trends of the Chinese, Indian and Russian markets.” Henry Allsopp Worldwide Director, Curated Sales and Exhibitions.

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