Art Investment

November's Russian auction Christie's in London ended in a step from 15 million pounds

Top lot was a unique pair of vases of the Imperial Porcelain Factory, pushed under the hammer for 993,250 pounds (1,551,457 dollars). Two imperial presentation snuffbox marok Faberge and Köhl set world price record

Total revenue for trades Christie's «Russian Art", held in London on 29 November, amounted to 14,909,600 pounds (23,288,795 dollars). In the auction was attended by collectors from 27 countries worldwide. The bulk of buyers were from Europe (76%), of which 46%of all proposed lots have bought Russian collectors, 15%of customers were North America, 6%south. During the auction was sold 67%of the lots, the ratio in terms of money has reached 83%. In 2010, the total result of a series of Russian trade amounted to 30,035,285 pounds, increasing performance by 33%compared with 2009.

Sarah Mansfield, director of the department of Russian art at Christie's in London, and Mark Merca, Director of Russian decorative arts in London and New York: "This fall, Russian auction welcomed collectors from 27 countries worldwide. Active customers in the hall accompanied by the persistence of trafficking over the phone and intensive participation of Internet shoppers. Rare and important objects of Russian decorative and applied arts, offered during the November auction, enjoyed great popularity among collectors. The new world record was set on a prominent imperial presentation snuffbox brand Faberge, which was sold for 937,250 pounds, almost double the lower estimate. Favorite section was a pair of porcelain vases monumental Imperial Porcelain Factory, which left nearly a million pounds.

Section painting was sold at 73%and demonstrated how popular are at present rare works of high quality put up for sale the most significant private collections. Most of the paintings included in the top 10 lots of trades, not previously appeared on the market and enjoyed an active demand from international collectors.

In 2010, the total result of Christie's Russian auction exceeded $ 30 million pounds, which is 33%higher than last year. Top-lot in 2010 became Kuzma Petrov-Vodkina "Vasya", which was sold in June in London for 1,883,250 pounds - a record sum for the works of the artist ».

Favorite auction was a pair of amfornyh vases made by the Imperial Porcelain Factory (St. Petersburg), about 1850-1860. Preliminarily estimated at 600-900 thousand pounds vases were sold to 993,250 pounds (1,551,457 dollars). Both vases are painted in 1867 on the grounds of Hermitage paintings by Dutch masters, one - master Andrei Kirsanov based on the work of Jacob Ohtervelta (1634-1682) "Singer" and the second - Basil Midinym based on paintings by Gerard Terborch (1617-1681) "Getting the message . Cloth Terborch still included in the exhibitions of the Hermitage, the work Ohtervelta was lost, but it is only a reproduction copy of this vase.

Another top-lot auction was not appearing on the market since 1919 outstanding imperial presentation snuffbox Faberge of colored gold, adorned with precious stones, enamel guilloche and a miniature portrait of Nicholas II. In December 1913 snuff box was presented as a gift on behalf of Nicholas II, the Turkish diplomat Turhanu Pasha (1846-1927), perhaps in honor of his five years' service at the head of the Turkish Embassy in St. Petersburg. Estimé at 400-600 thousand pounds, it was sold for 937,250 pounds (1.46 million dollars) - a record price for a Faberge snuff (the last such work was sold for 380,000 dollars at Christie's auction in New York in 2001) .

Another hit record sales and its brand in a section of decorative art was rare imperial presentation snuffbox with the stigma of the master Friedrich Kehl. Previously estimated by experts at 250-350 thousand pounds, she was sold for 505,250 pounds (789,201 dollars). Its lid is decorated with green enamel guilloche and miniatures depicting the Emperor Nicholas II in the form of the Transfiguration Regiment.

In the painting section leader in sales was the work of hand Konstantin Korovin (1861-1939)« The girl in white sitting in the garden, which was sold for 892,450 pounds (1,39 million dollars) . By 1915, when this work was created, Korovin abandoned monochrome palette in favor of bold colors, which, to his own opinion, expressed "the breath of nature." It is not known exactly where this document was written sheet, but it is compositionally similar to the works created by the artist in Gurzuf in the summer months, years 1910-1917.

Another top lot was a rare, never before does not appear on the market in 1908 painting brush (1876-1956) under the name "Versailles. Alley, pushed under the hammer for 881,250 pounds (1,38 million dollars). In 2002, work was exhibited at the exhibition "Unknown Konchalovsky" held at the State Museum of Fine Arts. Pushkin.

Top-10 evening auction Christie's on Nov. 29, 2010 (London), "Russian Art»

Lot

Description

estimate,
of millions of pounds

Room,
pounds

342

pair of porcelain vases
Saint Petersburg, Imperial Porcelain Factory (ca. 1850-1860)

0,6-0,9

993 250

219

imperial presentation snuffbox Faberge , decorated with enamel guilloche and a miniature portrait of Nicholas II
world record in the snuffbox Faberge

0,4-0,6

937 250

40

Konstantin Korovin (1861-1939)
«The girl in white sitting in the garden»

0 ,8-1, 2

892 450

103

Pyotr Konchalovsky (1876-1956)
«Versailles. Alley » (1908)

0,8-1,2

881 250

29

Levitan (1860-1900)
« At the water's edge »

0,3-0,5

690 850

100

Alexander Yakovlev (1887-1938)
« Aua a woman of the tribe gang »

0,75-0,95

601 250

233

imperial presentation snuffbox with the stigma of the master Friedrich Kehl , decorated with enamel guilloche and a miniature portrait of Nicholas II
world record in the snuffbox Kehl

0,25-0,35

505 250

358

A pair of vases oval Saint Petersburg, Imperial Porcelain Factory
(1839)

0,3-0,5

481 250

260

clock of gilded silver and jade brand Faberge , decorated with enamel guilloche, St. Petersburg (1899-1908 )

0,2-0,3

385 250

26

Ivan Aivazovsky (1817-1900)
«The Great Pyramid of Giza»

0,3-0,5

361 250

Source: press release Christie's


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