Natalia Goncharova, who died in 1962, was already the highest selling female artist at auction when Espagnole, painted during the First World War, sold in February for £6.4m. It beat her previous record of £5.5m set for Les Fleurs, sold in 2008 (Photo: Christie’s)

The Russians are coming. The multi-million pound herd of buyers who stampede around the world in pursuit of the art market’s “next big thing” is rushing this weekend to buy into what they hope will be the latest bubble: Russian art

Auctioneers in Manhattan shifted more than 600 works from the former Soviet Union in just two days of what is being described as a “Russian tidal wave”.

The surge is partly thanks to the economic downturn which has seen the volume of work sold by the relatively cheaper artists soar.

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Andrew Johnson
The Independent

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