Art Investment

"Russian Week" in London. Price projections for selected lots

End of May - the time of important spring auctions of Russian art in the segment. And not just in Britain. Look at our schedule: the American Jacksons, and St. Petersburg, "Russian Seasons" (by the way, this is where the Russian was set auction record ), and yet there will be many others. But according to tradition, emphasis will be focused on London. Go to the "Russian Week" from May 28, during which specialized trades carried Christie's, Sotheby's and Bonhams. Before the spring and autumn auctions generally regarded as perhaps the defining event for the Russian market. Checked the clock on them, their moods determined by the outcome of collectors and investors. And in the world, these trades, "inspired": Russian surprise, making up for lost time. Eventually the situation calmed down somehow. Today, Russian Sale - it's almost a regular routine event in the busy schedule of bidding. And no longer a monopoly. In particular, the masterpieces of Russian art leaders willing to include in a prestigious series of trades - the same "Impressionist and Modern." However, this applies to things with the potential for 10 million. In spring and autumn auctions lay in store for the Russian collectors tempting offers a more affordable segment. Moreover, the fall catalogs are usually stronger in the spring (like now) - is easier. Masterpieces, this time very little. But the interesting thing there is. And not only in the expensive segment. I'll try to suggest what will be competing collectors.

Christie's Russian Art May 28

Alexander Volkov
Demon.
1916 Oil on canvas. 56,6 x 66,2
Christie's. 05/28/2012. Lot 37
Estimate: 300-500 thousand pounds
Forecast AI: 850,000 pounds

In particular, there is little doubt that the current auction record for Alexander Volkov Alexander - 541,000 pounds - is about to collapse. "The Demon" by far the most significant work of avant-garde artist from ever appearing at auction. I would generally took the job to the most important things the upcoming "Russian week". "The Demon", inspired by Vrubel's masterpiece, exhibited in the solo exhibition of Alexander Volkov in the Tretyakov Gallery in 2008, and as part of the resonance of the exhibition "Savitsky Wreath" (2011) in the Moscow club of collectors. The class is close to a masterpiece, a valuable topic, comfortable size, good provenance (the work comes from the artist's family) - all prophesies "Demon," a significant excess of the estimate. Forecast of departure - thousand eight hundred and fifty, and even under a million.

Reclining Nude Zinaida Serebryakova. in 1930 Zinaida Serebryakova
Reclining Nude.
1930 Oil on canvas. 65,4 x 80,6
Christie's. 05/28/2012. Lot 78
Estimate: 0.8-1.2 million pounds
Forecast AI: 1,1 million pounds

next week Russian very generous for great work . Suppose that the main attention is focused on the monumental things to registered Bonhams, Christie's and what is shown. Subscribers Base ARTinvestment.RU probably already found a this "Reclining nude" (1930). It bought its rival Sotheby's in November 2006 for 881,000 pounds. This is currently the third-rate work Serebryakova. By the way, the current "ceiling" Serebryakova - 1.071 million pounds - was reached in 2008 at Sotheby's, another "reclining nude". Both works are comparable to the class, but the pretender - much better.

In the circumstances, we can assume that on May 28 at Christie's «reclining nude" will set a new record price for art Serebryakova, may be 1.1 million pounds. But it only last for a couple of days. Already on May 30 he again beat serebryakovskie "Flora" and "Jurisprudence" at Bonhams.

ERNST ERNST UNKNOWN
blue head. 1965
paper, felt-tip pen. 41,3 x 29
Christie's. 05/28/2012. Lot 91
Estimate: 2-3 thousand pounds
Forecast AI: 2,3 thousand pounds

At the same auction in one lot is offered six figures Unknown with an estimate of 2-3 thousand pounds. The locomotive stands "Blue Head" in 1965 - probably the most decorative pattern of the proposed set. Small but comfortable size (greater than A4), a clear provenance. The work put up for auction from the collection of the founder of the Grosvenor Gallery in London Eric Estorick - Americans with Russian roots, and the Russian avant-garde admirer of Nonconformist Art. In 1960 Estorick 14 visits to the Soviet Union. The catalog stated that the drawings he bought directly from the artist's studio. A sketch of the head marker is made - it is not clear how this technique will prove durable, but so far everything is fine. Unknown to fans of the lot to like - and the composition, and price. Christie's has a fresh experience in sales of non-conformist Russian collections, drawings, and made quite a realistic estimate. Forecast AI - 2,3 thousand pounds.

Dmitry Krasnopevtsev Still Life. in 1974 Dmitry Krasnopevtsev
Still Life. 1974
Hardboard, oil. 41,5 x 39
Christie's. 05/28/2012. Lot 94
Estimate: 20-30 thousand pounds
Forecast AI: 30,000 lbs

Presented at Christie's hardboard Dmitry Krasnopevtseva is too small (41 x 39) but in a good design will look quite spectacular. Estimate is quite exposed to the market. In the current market. It is unlikely that the lot will struggle (in the composition of yet there is nothing outstanding), but it can go within the estimate - for 30,000 pounds. In spite of the published information about the provenance (owner of Christie's catalog called Moscow Yury Nosov another artist), a reasonable measure of security when purchasing any work Krasnopevtseva a consultation with an expert - Alexander Ushakov. Differently to the new owner will be calmer.

Sotheby's auction for May 28 is not no great surprises in store. But there are interesting

Mikhail Vrubel The king of the sea. 1890 Mikhail Vrubel
The king of the sea. 1890
ceramics, glaze. 56 x 44
Sotheby's. 05/28/2012. Lot 16
Estimate: 180-250 thousand pounds
Forecast AI: 190,000 pounds

For the half-meter "King of the sea» to be traded in the continuous uncertainty. And the name of there are different opinions, and work at a price no comparison. Subscribers base ARTinvestment.RU know that the twin brother of the king was sold at Sotheby's for £ 5400. But it was in 1992 - so long that, consider, and was not at all. There is a "beacon" in 2010, a small sculpture of Vrubel's "Assyrian" was sold at Sotheby's for 181,000 pounds. And the "Assyrian" markedly inferior "King of the Sea" and in size, and decorative features. Obviously, this result was inspired by the organizers estimate to install a very wide range, but from 180 thousand pounds. On the whole, the figure of 180-250 thousand pounds only says that even some experts do not know how much you can ask for. That is understandable. Forecast AI - 190,000 pounds.

Mikhail Nesterov the lake. in 1924 Mikhail Nesterov
the lake.
1924 Oil on canvas. 82 x 104,5
Sotheby's. 05/28/2012. Lot 32
Estimate: 150-200 thousand pounds
Forecast AI: 230,000 pounds

Among the things stopping sight - "The Lake" Nesterov. Work Mikhail Mikhail Nesterov comparable class 3-5 years ago and cost about 150-200 thousand pounds. Sometimes, and 250. In our case, a bigger size than usual, and the plot, though nostalgic, but not the darkest. The picture is from the collection of Russian emigrant Sony Koulfaks, so that the new owner will tell you that. Nevertheless, AI is not expected in this case on the record. Most likely, the result is only marginally exceed the estimate and the auction ends, for example, at 230,000 pounds. Let me remind you that the record for the Nesterov found in the 2007 film "Fine arts", sold for 2.1 million pounds. By the way, once and "Bartholomew" and "The Lake" collectors bought at the same overseas exhibition of Russian art in 1924.

About Bonhams on May 30. Immediately discuss the thing with cover

Zinaida Serebryakova Flora. 1940s (?) Zinaida Serebryakova
Flora. 1940 (?)
Oil on canvas. 165 x 100
Bonhams, London. 30.05.12. Lot 69
Estimate: 700-900 thousand pounds
Forecast AI: 1,6 million pounds
Zinaida Serebryakova Jurisprudence. 1940s (?) Zinaida Serebryakova
Law. 1940 (?)
Oil on canvas. 165 x 100
Bonhams, London. 30.05.12. Lot 70
Estimate: 700-900 thousand pounds
Forecast AI: 1,6 million pounds

Serebryakova works of this class come to the auction for the first time in history. It has everything: a great size - 165 cm in height, the highest decoration, the plot, which allows to reveal the talent. Yes, and a beautiful legend - wonderful story of finding . "Flora" and "Jurisprudence" by Belgium in order for the estate of a baron, long considered lost, and now, please, put up for auction, so even with the tantalizing estimate 700-900 thousand pounds. Maybe someone will confuse that things are custom, and bear the imprint of the customer's tastes? It's unlikely.

result in any case can be arbitrarily unexpected. Unique panels are now actively advertised in the collecting community in Russia. I think we can count on a significant excess of the estimate - for example, to 1.6 million pounds. Well, the previous record of creativity Serebryakova (one million pounds with a "penny") just will not stand.

POL PAUL MAC (Pavel Ivanov)
Naked Beauty.
1946 Oil on canvas. 60,2 x 40,7
Bonhams, London. 30.05.12. Lot 81
Estimate: 4-6 thousand pounds
Forecast AI: 15,000 pounds or more

One of the advantages of Bonhams - wide choice of things with the available estimate. For example, a good sketch Viktor Borisov-Musatov you can try to bargain in the range of 4-6 thousand pounds. But also an interesting option. Pavel Ivanov - Paul Mac . The case where the "Salon-Salon" does not mean "horror-horror." His "Scheherazade" (the same year and of comparable size) sold last year at Christie's for 46,000 pounds. The current "Naked Beauty", placed with an estimate of 4-6 thousand pounds, considerably inferior to the east divas in exquisite, translating into the language of numbers and money, not in the same ten times? Comparative auction sales can be calculated that the current market level of such work - about 20,000 pounds. Is that prophesy out of caution at this time less.

used in the projections for auction ARTinvestment.RU trying to predict what mood will come from the buyers. This was particularly important at the beginning of the crisis - had to watch where the oil is where the action, what is the medium-term fate of the world's currencies, analysts say. Now, the feelings, all is not so. There is no direct connection. Life goes on as usual, and hot news of the economy and politics have no noticeable effect the mood of consumers.

Economic deterioration, by the way, and no. Price index of Russian art ARTIMX-RUS since the beginning of the year has increased significantly, by about 13 percent. And the index of consumer activity in the segment of Russian art ARTIMXba remained the same, did not fall.

In the mood for sale can be concluded from this: those who are supposed to, the money did not disappear and they will continue to hunt for the masterpiece. Just Give.

Vladimir Bogdanov, AI


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