Art Investment

Results of Russian Christie's auction on June 8

Revenues Summer Russian Trading Christie's, which took place on June 8 in London , in amounted to 11,935,750 pounds, the number of sold units in monetary terms amounted to 90 percent. Of the 273 lots offered for auction, the new owners switched 207 (76 percent).

during the auction was set three new world records and three works were sold more $ 1 million. Compared with similar indicators in June 2009, today there is an entirely different situation in a market where interest and demand for the unique lots were the result of a crowded auction room and the ongoing struggle for works of art throughout the day. Section of Russian painting was sold by 72 per cent (92 per cent in money terms). Compared with December 2009 the number of works sold for more than 100 thousand pounds, has tripled.

Alex Tiesenhausen, head of the International Department of Russian Art Christie's, said: "Today's auction yielded a strong signal vendors, and showed that market demand is very high, and also demonstrated sustained desire of buyers to acquire works of art. As a result, seven of the ten top lots went for amounts exceeding the initial estimeyty, and a total of 26 works were sold more than appraised value. European royal collection of Faberge objects dispersed almost completely, and generally sold by auction for the sum of 746,000 pounds, the top lot was bonbonniere egg-shaped jade ».

Top-lot auction was painting Kuzma Petrov-Vodkin «Vasya" which been sold for the sum of 1.83 million pounds, with Estima 250-350 thousand . Portrait of a Russian boy, who was more than 80 years in a private collection and does not appear in public since 1932, has attracted the most interest during the pre-auction display, and as a result of the fierce "bidding war" gone into the collection to an unknown buyer to bid by telephone.

Top-lots in a section of arts and crafts were two unique Faberge - turkey figurine (Lot number 177) and a table lamp from bovenita (lot number 188), each went under the hammer for the sum of 193.25 thousand pounds. Section Faberge was sold for 95 percent of the items, and 97 per cent of the cash index, which once again demonstrated the international demand for rare items in good condition authorship of the most famous jeweler in the history of Russia.

In the auction was attended by buyers from Europe (70 percent), America (22), Asia (3) and the Middle East (4).

Other top lots of trades:

  • «Still life with roses and apples" brush Konstantin Korovin (1861-1939), made in one of the brightest creative periods of the artist, was sold for 937.25 thousand pounds (estimate 100-150 thousand) and took third place in the list of the most expensive works that has ever sold at auction.
  • Cloth "Animal Farm on the banks of the river» Michael (1832-1902) - an impressive and detailed traced Ukrainian landscape - gone from the auction for 769.25 thousand pounds in the initial evaluation in the 700-900 thousand.
  • European royal collection of 45 objects by Faberge was sold a total of 746,000 pounds, the top lot was her jade egg, decorated with precious stones, having left his hammer for thousands of pounds 115.25.
  • Rare work of Princess Maria Tenisheva - two bronze and enameled caskets, one of which, in the form of fish was sold for 217.25 thousand pounds, and another, in the form of a dove, went under the hammer for 157.25 thousand.

In addition, the section of Russian decorative and applied art, five works went for more than 100,000 pounds (each).

Top 10 auction Christie ' s «Russian art in London on 8 June :

№ lot

Description

Estimeyt, thousand pounds

Price, pounds

Buyer

41

Kuzma Petrov-Vodkin Vasya
world record for the artist's work

250-350

1,833,250

anonymous buyer

28

Konstantin Korovin
Still life with roses and apples. 1917

100 - 150

937 250

anonymous buyer

27

Mikhail Klodt
Animal Farm on the river bank. 1858

700-900

769 250

art dealer from Europe

40

Grigoriev Portrait of a man. 1920

400-600

657 250

anonymous buyer

32

Zinaida Serebryakova
Reclining Nude. 1930

400-600

577 250

private buyer from Europe

20

MICHAEL Zichy Celebrating silver jubilee wedding of Emperor Alexander II and Maria Alexandrovna. 1866
world record for the artist's work

400-600

475 250

anonymous buyer

31

Konstantin Korovin
woman with a guitar. 1917

80-120

385 250

private buyer from Europe

35

NICHOLAS Kalmakov
Aphrodite with Eros and Anteros
world record for the artist's work

200-300

313 250

art dealer from Europe

36

Nicholas Roerich Grand Canyon. 1921

80-120

277 250

private buyer from Europe

26

ALEXEI KHARLAMOV Portrait of Pavel Pavlovich Demidov, Prince of San Donato. 1883

80-120

217 250

art dealer from Europe

Source: press release Christie's


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