The results of sales at Christie's Russian week, significantly increasing in all categories

KUZMA PETROV-ВОДКИН
Bob
, oil on Canvas. 38 x 53
Christie's. 8.06.2010. Lot No. 41
estimated the auction (estimate): 250-350 thousand pounds
Price: 1,833,250 pounds

the Results of Russian Christie's auction in London, including a section of Russian books (2 and 7 June), grow on all indicators and speak about the positive changes in the auction market. Russian Christie's auction was attended by representatives of over 20 countries. The auction room was full, and the number of buyers on the phone was a record year for Russian trading. The results achieved demonstrate sustainability art-рынка and confirm the high level of international demand for significant works of art. Top-лотом week was the canvas Kuzma Petrov-Водкина "tail", not exhibited in public since 1932. The appearance of such rare works for the first time on the auction attracted the most interest during the pre-show, and as a result it was sold for more than 1.8 million pounds.

Auction in recent months have shown that demand returned to the market offer. At the same time, the consumer audience has continued to gain momentum, significantly increased the number of international buyers at the auction. In particular, in 2009 the number of clients from China increased by 94 per cent, Russians bought 13% more lots in 2009 compared to 2008, while the number of buyers from the Middle East grew by 30 percent in 2009. The segment of Russian art continues to attract new buyers from these regions.

Further presented the complete statistics of Russian Christie's auction in London last year (June 2009 to June 2010), showing progress on all indicators. In the calculations took into account the results of the Russian trading June 2009 (auction No. 7734), where the top-лотом was the picture Vasily Shuhaeva "Finnish village", created around 1920 and sold for thousands of pounds 690,85; December 2009 (auction No. 7772), when the painting Nicholas Roerich "Legend", written in 1923 and departed for 993.25 thousand pounds; and June 2010 (auction No. 7906), where for a record price of 1.83 million pounds was sold top-лот — work of Kuzma Petrov-Водкина "Bob".

the Main results of the Russian trade for the year

Index			the June 2009, auction № 7734	December 2009, auction No. 7772 (Speaker for six months)	June 2010, auction No. 7906 (Speaker for six months)	Growth over 12 months (June 2009 to June 2010), %
the Overall result of trades, £			4 036 463	8 889 025 ( 120 %)	11 935 750 ( 34,2 %)	195,6
the Ratio of the estimate and the overall result of trading		Estimate, £	3,3–4,8 million	6,3–8,9 million	7,2–10,4 million	–
		the Result, £	4 036 463 ( within the estimate)	8 889 025 (within the estimate)	11 935 750 (higher than the estimate)
the Average cost of the lot, £			31 534	32 090 ( 1,76 %)	57 660 ( 79,68 %)	82,8
the Percentage of lots sold, %			65	70 ( 5 %)	75 ( 5 %)	10
the Percentage of lots sold within categories (on lots), %	Painting		70	80	74	4
	DPI		64	66	76	12
Number of lots sold over 100 thousand pounds, units			7	18 ( 157 %)	19 ( 5,5 %)	171
the Number of countries represented by the participants of the auction, units			17	26 ( 53 %)	22 (– 18 %)	30
the Number of online-участников bidding (through a system of Christie's Live), units			27	39 ( 44 %)	50 ( 28 %)	46
the Number of new auction records for Russian paintings, units			0	1	3 ( 200 %)	–

Section of Russian books. The comparison of the results of sales in 2009 and 2010

trading date		Proposed lots, units	lots Sold, units	Statistics on lots, %	market Share, %
2009	1 June	9	5	56	64
	3 June	19	14	74
2010	2 June	9	9	100	78
	7 June	19	14	85

Source: press-релиз Christie's