Art Investment

Results of Russian auction Christie's 1-2 December 2009 in London

Total revenue on the basis of a two-day Russian Christie's auction totaled 8.9 million pounds, sold 70 percent of lots, set a new world record for the works of Russian artist

Proceeds from the Russian Trade, held in the auction house Christie's 1 and 2 December 2009, amounted to 8 889 025 pounds. It sold 70 percent of lots, the statistics in monetary terms amounted to 82 per cent.

Top lot of the auction was the picture Nicholas Roerich (1874-1947)« The Legend ", written in 1923 and is part of a series of works by the artist called" Messiah ". Canvas gone under the hammer for 993 250 pounds, exceeding its initial upper estimate (700-900 thousand pounds).

After two days of trading section of painting was sold at 80 percent.

following major trends identified in the auction are the following.

Demand was high product of Faberge, especially rare work with outstanding provenance. Gold cigarette case, decorated with enamel and precious stones, branded Michael Perkhin, made in St. Petersburg about 1890, was sold for 253 250 pounds, with a fourfold excess of estimate. Another cigarette case which belonged to Lady Muriel Paget (the first patron of the London offices of Faberge), found its buyer for 193 250 pounds, which exceeded the lower bar estimate is almost five times.

to demonstrate a substantial level of interest in relation to the products of the Imperial Porcelain Factory in St. Petersburg. Porcelain Vase in 1854, decorated with portraits by Pimen Orlov , was sold for 361 250 pounds, twice appraised value of the lot. Porcelain Vase, referring to the period of reign of Nicholas I and design explanations of paintings Phillips Vauermana "Travelers", was bought for 337 250 pounds.

Section army porcelain dishes significantly exceeded its original cost. A selection of 10 dishes was sold for 100 per cent, while the most expensive dish was the lot number 340, sold for 43 250 pounds.

Photos royal Romanov family were one of the most popular sections in the course of trading , where collectors have expressed strong demand. Of the 20 bids submitted for 19 lots went with five-fold excess of estimate:. Photography, which depicted the Emperor Nicholas II and his large family (lot number 363), went under the hammer for 25 000 pounds. Most of the photos that make up this lot had been personally signed by the Emperor and Empress.

works of world-famous Russian artists have continued to be popular at auction. Among them are works of art brushes Pohitonova , Nicholas Roerich, Zinaida Serebrya , Konstantin Korovin , Philip Malyavina , on which set a new world record, and the Ilya Repin . All work had gone in excess of the upper estimate:.

During the bidding showed great interest private buyers from Europe and the USA. Cloth "wild boar" brush Vasily Perov (lot number 406) took the auction for 157 250 pounds. The artist's works of this level is very rarely appear at auction and attracted considerable interest from collectors.

active struggle for the lots was conducted as part of international collectors attending the auction room and on the internet ( Christie's Live) and telephone.

Top 10 lots 1.2 December 2009

№ lot

Description

Estimate, thousands of pounds

price, thousands of pounds

Buyer

427

Nicholas Roerich (1874-1947). « Legend » series « Messiah ». 1923

700-900

993,250

anonymous buyer

425

Philip Malyavin (1869-1940). « Sleigh Rides Winter ». 1933

world record for the artist's work

180-220

517,750

art dealer from the UK

125

porcelain vase period reign of Nicholas I. Imperial Porcelain Factory, St. Petersburg. 1854

150-250

361,250

private collector from the CIS

342

Vase epoch of Nicholas I. Imperial Porcelain Factory, St. Petersburg

150-250

337,250

private collector from the CIS

373

medal sets the Imperial Order of St. Andrew, consisting of a sign-cross, a silver eight - star and breast tape

120-180

337,250

anonymous buyer

38

of Faberge gold snuffbox, decorated with enamel. Stamp Michael Perkhin. St. Petersburg. Around 1890

50-70

253,250

private collector from the U.S.

41

golden gift of Faberge snuff box, decorated with enamel. Stamp Gabriel Nyukkanena. 1908-1917

100-150

205,250

private collector from the CIS

445

Zinaida Serebryakova (1884-1967). « Portrait Marietta Frangopulo ». 1922

30-50

205,250

private collector from the CIS

39

of Faberge gold cigarette case, decorated with enamel and precious stones. Stamp Michael Perkhin. St. Petersburg. Around 1890. Inventory number 49834

40-60

193,250

private collector from the CIS

42

Golden gift snuffbox decorated with enamel and precious stones. Stamp shop Alexander trade. Art print company « K. Gan ». St. Petersburg. Around 1890

80-120

181,250

private collector from the CIS

Source: press release Christie's


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