Art Investment

Results of "Russian Trading” Sotheby's on Nov. 2

The evening auction of Russian art in Sotheby's in New York yielded 13.79 million

Yesterday in New York ended the evening auction works Russian Art Sotheby's . They brought 13.79 million dollars, which significantly exceeded the estimate of 6,9-9,6 million. Preliminary expert assessments justified (or even exceeding) 97 per cent of lots sold.

Bekkerman Sonya (Sonya Bekkerman), Sotheby's expert on Russian art, and Hill, Gerard (Gerard Hill), to study the Russian works of decorative art, said: "We are very pleased with the results of the auction. They justify our strategy used in these auctions: to offer customers high quality work with excellent provenance for a reasonable price. It was noticeably much attention from both prominent collectors, and from the novice collector, allowing prices to rise above many works estimate. After the success of the pre-auction exhibition in Moscow, held in late October, we received an excellent result for the current tender and is now looking forward to an auction in London, which will be held in late November ».

top lot of yesterday's auction was the picture Boris Grigoriev , "Mother and Child" (1918), which exceeded the upper limit estimate nearly doubled. Instead of the expected 500-700 thousand, it was sold for 1.37 million dollars. Even more pleasantly surprised by the organizers of a miniature portrait of Peter the Great (XVIII century), who turned in second place in the list of leaders of the auction. During this rarity, valued at $ 80-120 thousand dollars, fought nine buyers, resulting in a price for it shot up to 1.3 million dollars. Excellent results also showed a sheet Konstantin Korovin «At the window", which has produced 1.18 million dollars at Estimé at 600-800 thousand.

Among the top lots as were many works from the collection of Phyllis and Samuel Schreiber (Phyllis & Samuel Schreiber), which is considered one of the most outstanding collections of Russian art in the United States. Among them are two works by Boris Grigoriev - "Faces of Russia" (estimate 400-600 thousand dollars) and "Pont-Aven. Evening view "(estimate 300-400 thousand dollars), sold for 986.5 and 890.5 thousand dollars, respectively. The top ten also got three paintings Natalia Goncharova from the collection of Schreiber, who were presented at the pre-auction exhibition in Moscow . For "Sunflowers" with the estimate: 600-800 thousand dollars a buyer was willing to give up 866,5 thousand dollars. "Still life with flowers and fish, valued at 400-600 thousand dollars, went to a new owner for 806,5 thousand dollars. A "Vase with Flowers" (estimate 200-300 thousand dollars) went under the hammer for 434,5 thousand dollars. In general, over 20 works from the collection Schreiber organizers managed to gain 5.1 million dollars.

Material prepared Ekaterina Guseva, AI

Sources: sothebys.com , artinvestment.ru

P.S. price forecasts ARTinvestment.RU for "Russian Trading» Sotheby's on Nov. 2 can be found here.


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