Kandinsky: the price secondary
ARTinvestment.RU   30 марта 2007

At the recent Paris auction Aguttes C. (SVV) geometric abstract painting by Vasily Kandinsky «Thick brown» was sold for 1.6 million euro, ie more than 2 million dollars.

At the recent Paris auction Aguttes C. (SVV) geometric abstract painting by Vasily Kandinsky «Thick brown» was sold for 1.6 million euro ¹ , ie more than 2 million dollars.

Peer review (estimeyt), as often happens in such cases, was much more cautious. What's strange, because less than two months ago at Christie's sold a geometric abstraction «Diagonal» - the same 1930-year, slightly better on the technical and similar decorative options - and for the same money, a difference of tens of thousands. Actually, 2 million dollars - this is not the sensational price of works by Kandinsky. They are able to cope with, and the 5 million mark. In 2006, Christie's work in 1908 «Lake Starnberg» was sold for 8.1 million dollars, and thus received a 54-th line in the list of 100 most expensive paintings in 2006, according to Artprice.com .

Another point is that the great Russian pioneer picture is not so often appear on the auction. Last year around the world are sold at an average of 10 paintings by Kandinsky (graphics does not count, it will be 65 lots) so that any such sale is an event at least quarterly values. It is estimated that artprice.com , on the basis of last year, Kandinsky took 48 place in the ranking of artists by auction turnover: 65 lots cashier collected 19,4 million dollars. A year earlier, statistics on market turnover of works by Kandinsky has been much worse: 67 lots and 7 million dollars. According to artprice.com, $ 100, it is embedded in the work of Kandinsky in the early 2003, to date, turned into 277 dollars.

Source: http://www.gazette -drouot.com/magazine/enchere.html , www. tvkultura.ru , www.artprice.com

¹ 1,3 million euros excluding the auction house commission.