I have a question on the daily values of the indices:
Art Market Indices
Index Date Value. Chg.
? ARTIMX 11/11 2257.45 0.70%
? ARTIMX-RUS 11/11 2728.53 0.32%

They converted only on the day when they were auction sales and their value takes into account the results of the bidding, right? A change that means? Is it possible for him to judge the success of the auction?

Right.

The change means an increase or decrease in the index relative to the previous value. That is a change in the average cost of conventionally averaged works of art in comparison with the value calculated on the results of the previous (past) auctions (the date of the previous /previous auctions listed in brackets, see the complete table). Incidentally, in the accompanying text below the graphs and tables should explain everything.

Yes. This is an index and shows. It is only necessary to look not only some common indexes, but also indexes the individual categories (painting, graphics) and, possibly, and indexes for art direction, if the auction was thematic.

Indices based on the day before yesterday and yesterday's trading update this afternoon.

If so, then the index of 11.11 shows the success of trades? Bit strange. Probably not sold lots must also somehow be taken into account and affect change, no?

The indices show that compared with the previous auction (their date is indicated in parentheses) to reduce the average market price did not happen. So there is nothing strange. And, of course, the unsold lots here do not have any way to participate. They do not affect the average market price. So the bidding is quite possible to recognize successful - lots sold for an average price slightly above market average, lower prices not occurred, despite the decline in demand. Well, much that is not sold, it is not sold on the court and there is no.

By the way, is not for sale is not always due to lack of demand, but also because of the fact that the trades are now displayed less hit things. Their owners are afraid that good things do not sell for decent prices, and stick with their masterpieces, waiting for the stabilization of the situation on the market. I must admit that at the moment the market is still governed to a large extent, panic. But on the whole situation is not so terrible, even though sales volumes have all greatly reduced. And, nevertheless, occur even today quite successful bidding for the same Sovkoma, for example. And the recent record-breaking sale of Malevich's also about something said, and Christie's 12-th number is not so bad passed. While it is clear that the price adjustment is and will remain, that is clearly seen in the graphs of indices since 2001. But maybe it is for the better.

Still, to understand the trends should be analyzed not only some recent changes indices, which show natural fluctuations on the results of individual events. We must look for changes over a longer period - at one-year graphs of indices and schedules since 2001.