Art Investment

Results of the "Russian Trading." Top 10 Russian Week

About the best sales and total revenue week of Russian art auctions in London

Auction houses Christie's, Sotheby's, Bonhams and MacDougall's in London held a series of traditional Russian art auction . This year, organizers pleased Russian art collectors not only painting and drawing XIX - XX centuries , the works of Faberge , PDI , porcelain and so on. , But Soviet and Russian art of XX - XXI centuries. Distinguished Sotheby's, who built the first time a separate auction of contemporary art from Russia , CIS and Eastern Europe. However, nonconformists and contemporary Russian art has long been a part of modular Contemporary art auctions sells Phillips, so talk about some know-how Sotheby's not worth it. But the results still look interesting. With the start of modern art and the more that the auction Sotheby's « Modern East » (Contemporary East) held on November 25 of the first one .

Sotheby's. "Modern East ." November 25, 2013

Sotheby's offered a selection of 90 works of contemporary art as recognized masters and young artists from Russia, Ukraine , Czech Republic, Hungary , Poland, Georgia, Azerbaijan and Lithuania. Top-lot auction is to be expected was the work Ilya Kabakov « Holidays number 6 " : Estimé 0.8 - 1.2 million pounds bought it for 962.5 thousand pounds ( 1.56 million dollars). However, this is not a record for the "holiday" Kabakov : other work from the same series - " Holidays number 10 " - in April 2011, was sold at Phillips for 1.5 million pounds ( 2.45 million dollars ).


Ilya Kabakov Holidays number 6. 1987
masonite , oil, collage , mixed media. 100 × 140
Sotheby's. 25.11.2013 . Lot 135
Estimate: 0,8-1,2 million pounds
Result: 962.5 thousand pounds
Source : Press Release Sotheby's
 EDWARD Gorokhovskiy Red flies. 1990
EDWARD Gorokhovskiy Red flies. 1990
Oil on canvas. 97 × 115,5
Sotheby's. 25.11.2013 . Lot 128
Estimate: 25-35 thousand pounds
Result: 45,000 pounds
Source : Press Release Sotheby's

within the estimate left two other Russian top lot - " Broken tree » Oleg Vasiliev ( estimate 70-90 thousand pounds , the result of 86.5 thousand pounds ) and" Fraternal kiss (triptych ) » Dmitry Vrubel ( estimate 40-60 thousand pounds , the result of 45,000 pounds). Exceeded the pre-assessment work Gorokhovsky « Red flies " (estimate 25-35 thousand pounds , the result of 45,000 pounds ) . Work without a buyer remained Paul Pepperstein « Coat CIS" 1993 .

several times exceeded the estimate of three artist (1961-2013), almost unknown to the auction market (up to Sotheby's auction only one work Guryanova put up for auction ), but perfectly familiar to fans of the legendary group "Cinema" , in which George was a drummer and arranger . "Portrait of Victor Tsoi " performed Guryanova exceeded estimate 20-30 thousand pounds in 4 times and got a new owner for 128.5 thousand pounds. Job " Kasparian ( Version ) ," depicting a sailor at the helm , when assessing 15-20 thousand was sold for 60,000 pounds. And work with acrylic on canvas " Rower Sergey " went for a record for works Guryanova 188.5 thousand pounds ( estimate 30-50 thousand pounds). Thus, the ten most expensive lots of Russian contemporary art week trades were once three (!) Of Georgy Guryanov .


GEORGE GURYANOV Portrait of Victor Tsoi. 2004-2005
canvas , pencil , acrylic. 159 × 118,3
Sotheby's. 25.11.2013 . Lot 106
Estimate: 20-30 thousand pounds
Result: 128.5 thousand pounds

GEORGE GURYANOV Rower Sergei.
1999 Acrylic on canvas . 150 × 130
Sotheby's. 25.11.2013 . Lot 108
Estimate: 30-50 thousand pounds
Result: 188.5 thousand pounds

Summary auction result "Modern East" was 2.4 million pounds. With the hammer went 57 of 90 proposed lots ( 63.3 %). Revenues amounted to almost 84 %of the average of the total estimate. For the first time quite well .

Sotheby's. " Masterpieces of Russian Art ." November 25, 2013

the same day, Sotheby's evening auction held " Masterpieces of Russian Art ." The auction was held without a multi-million records in the absence of the two main lots - works Robert Falk and Petr Konchalovsky , sold in a private transaction prior to bidding . If these works were still exposed, we would have witnessed two record sales : According to the auction house , a monumental painting by Pyotr Konchalovsky "Family Portrait in the artist " was bought for 4,674 million pounds , and the work of Falk "A man in a bowler hat . Portrait of Jacob Kagan - Shabshaya " several times exceeded the estimate of 2.5-3.5 million pounds (the exact amount of the transaction was not disclosed ).

NIKOLAY
Nicolai Fechin
Nude oil on canvas. 61 × 51
Sotheby's. 25.11.2013 . Lot 19
Estimate: 500-700 thousand pounds
Result: 1.26 million pounds
Source : Press Release Sotheby's

Valentin Serov portrait of a Woman (possibly Mary Vasilevny Yakunchikovoy ) . 1892
Oil on canvas. 65 × 46
Sotheby's. 25.11.2013 . Lot 9
Estimate: 200-300 thousand pounds
Result: 830.5 thousand pounds
Source : Press Release Sotheby's

Without work Falk Konchalovsky and the net result of the auction was 7.78 million pounds. With the hammer went 20 of 27 lots ( 74%). Top lot was "Nude » Nicholas , originating from the collection of Hollywood actor George Montgomery. Cloth exceeded estimate 500-700 thousand pounds and got a new owner for 1.26 million pounds. The second most expensive painting was " Beggar » Semiradsky Henry : work went within estimates for 1.082 million pounds ( estimate of 1-1.3 million pounds). Several times higher than the estimate , " Portrait of a Woman " brush Valentin Valentin Serov : previously estimated at 200-300 thousand pounds , work increased in price to 830.5 thousand pounds. Likely played a role not only the master's hand , but the identity of the model in the portrait - presumably this artist Yakunchikova . Incidentally, in the same day, Russian Christie's auction Yakunchikovoy string works from the collection of the heirs was completely sold out .

On the evening auction Sotheby's « Masterpieces of Russian Art" were set two personal records. Still " Peonies » Sapunova pastel and tempera on board exceeded estimate more than 10 times (!) And went for 746.5 thousand pounds (estimate 40-60 thousand pounds). For a record price for your website 110.5 thousand pounds was sold to work Demyanova « View of St. Petersburg" (estimate 100-150 thousand pounds ).

Christie's. " Masterpieces of Russian Art ." November 25, 2013

Auction house Christie's as part of its main Russian auction November 25 collectors offered 228 lots - paintings, drawings and decorative arts . Revenues amounted to 16.87 million pounds ( $ 27.3 million ) , with a hammer took 85 %of the lots .

ILYa
Ilya Mashkov Bathers . 1911
Oil on canvas. 132,2 × 83,9
Christie's. 25.11.2013 . Lot 33
Estimate: 600-800 thousand pounds
Result: 4.1 million pounds
Source : Press Release Christie's

Aristarchus Lentulus Church in Alupka . 1916
Oil on canvas. 72 × 52
Christie's. 25.11.2013 . Lot 48
Estimate: 1,8-2,2 million pounds
Result: 2,000,000 pounds
Source : Press Release Christie's

Cloth Ilya Ivanovich Mashkov « Bathers ", participated in the first exhibition of" The Jack of Diamonds " in 1910 and shown in November of this year in Moscow as part of the pre-auction exhibition Christie's, was sold for 4.1 million pounds ( 6.6 million dollars) in the evaluation of 600-800 thousand pounds .

Another top -lot auction was a rare brush painting Aristarchus Aristarchus Lentulova « Church in Alupka ," sold for a record for the artist of 2 million pounds ( 3.4 million dollars). In the year of its establishment, the picture is also exhibited at the " Jack of Diamonds" , and then in the collection Collector Vladimir Semenov . The painting depicts the church of St. Michael the Archangel .

set the record for the author's works and graphic work Alexandre Benois « Review of troops by Emperor Paul I near St. Michael's Castle ( January 6, 1801 ) ", which was sold for 482.5 thousand pounds ( 781.6 thousand dollars). As mentioned above , was completely sold out a group of rare works Yakunchikovoy Mary . And besides, was successfully sold string works Chekhonina , originating from the family heirs of the artist .

 Alexandre Benois Review of troops by Emperor Paul I near St. Michael's Castle ( 6 January 1801 ) . around 1950
Alexandre Benois Review of troops by Emperor Paul I near St. Michael's Castle ( 6 January 1801 ) . Circa 1950
Paper, pencil, ink, watercolor and gouache . 44,5 × 58
Christie's. 25.11.2013 . Lot 52
Estimate: 50-60 thousand pounds
Result: 482.5 thousand pounds
Source : Press Release Christie's

Porcelain Vase . Porcelain Factory named
MV Lomonosov , Leningrad, 1930
Master II Riznich
Height 45,8
Christie's. 25.11.2013 . Lot 358
Estimate: 30-50 thousand pounds
Result: 422.5 thousand pounds
Source : Press Release Christie's

also noteworthy is a new record for the Soviet porcelain. Rare Soviet porcelain vase , made on the Leningrad Porcelain Plant named after MV Lomonosov (formerly IPE ) in 1930 , was sold for 422.5 thousand pounds in the evaluation of 30-50 thousand pounds. The selection of Faberge with the royal and imperial provenance favorites were two rare models of elephants with locks ( 290.5 thousand pounds - for each elephant ).

Sotheby's. Day trading Russian art. November 26, 2013

The next day , November 26, at Sotheby's auction held daily Russian paintings and drawings, in which 169 lots were offered . 104 lots sold ( 74%) of the total amount of 5.1 million pounds. Here was the top lot of the landscape « stormy sea " sold twice as expensive estimates for 482.5 thousand pounds (estimate 150-200 thousand pounds). Another marina Aivazovsky "Sea on a Moonlit Night " was sold for 338.5 thousand pounds Estimé 180-220 thousand pounds. The third most expensive work of these trades also was painted seascape - . Its landscape is "Venice in the moonlight " went under the hammer for 254,000 pounds estimeyte 100-150 thousand pounds .

Sotheby's. " Russian icons and works of decorative art, including works by Faberge ." November 26, 2013

For picturesque auction bids followed icons and works of decorative art , including works by Faberge . Here, the top lot was a pair of porcelain vases produced by the Imperial Porcelain Factory in 1833, during the reign of Nicholas I. Vase placed on the first copy of genre painting "The Concert " brush Dutch artist Anthony Palamedesa (1601-1673) from the Hermitage , the copied master IPE Semyon head ( about 1783 - 1849) . The original work is still owned by the Hermitage collection . In the second scene shows a vase street concert . Title and author of the original work is not yet established . However, the name of a porcelain artist , make a copy , it is known - master Vasily Meshcheryakov ( 1781 - ?) . Pair of vases offered for auction for 2-2.5 million pounds. Price care was 2.2 million pounds ( 3.57 million dollars). It is interesting that just this spring the same vases exhibited at the auction Dallas Auction Gallery in Texas with a more modest estimate of 1-1.5 million dollars. Finally vases were purchased before the auction for 2.7 million dollars . It is easy to calculate that for resale vases former owner earned almost a million dollars .


pair of porcelain vases
Imperial Porcelain Factory . Era of Nicholas I. 1833
Sotheby's. 11/26/2013 . Lot 744
Estimate: 2-2,5 million pounds
Result: 2.2 million pounds
Source : Press Release Sotheby's

Flower Arrangement . Faberge , St. Petersburg , circa 1900
Gold, enamel , diamonds , rock crystal. Height 15
Sotheby's. 11/26/2013 . Lot 625
Estimate: 220-250 thousand pounds
Result: 350.5 thousand pounds
Source : Press Release Sotheby's

Over 350,000 pounds was sold floral arrangement Faberge gold and precious stones (estimate 220-250 thousand pounds). All within the framework of these Sotheby's auction was billed Lot 203 , of which only half ( 102 lots) found new owners. But revenue totaled 4.15 million pounds, and is 81.7 %of the average of the total estimate of the auction. Total four Russian auction brought Sotheby's 19,5 million pounds. And it works without top Falk and Konchalovsky .

Bonhams. " Russian art." November 27, 2013

Auction house Bonhams, as well as Christie's, was limited to only one big auction of Russian art, which was held on November 27. At Bonhams auction were exhibited 146 works of Russian painting, drawing, arts and crafts and icons ; sold approximately 55 %.

top lot of the auction was the landscape Nicholas Roerich « Kanchenjunga "( 1935-1936 ), estimated before the auction at 0.8-1.2 million pounds. Canvas depicting the legendary Himalayan mountain Kanchenjunga (which in Hindi means " Five treasures of the great snow "), was sold for 1.314 million pounds. It is a place with a magnificent view of Kanchenjunga chose Nicholas to his home in the Himalayas. Another work of Nicholas Roerich , " Crown of the World » (Corona Mundi), was sold for 434.5 thousand pounds under estimate 300-500 thousand pounds .


Nicholas Roerich Kanchenjunga . 1935-1936
Tempera on canvas . 61 × 153
Bonhams. 11/29/2013 . Lot 23
Estimate: 0,8-1,2 million pounds
Result : 1,314 million pounds
Source : Press Release Bonhams

other top lots include Bonhams follow the work of Robert Falk's "Woman in lilac . Portrait ES Potekhina "which sold for 1.2 million pounds Estimé 1-1,5 million pounds , and" Portrait of Olga , daughter of the artist "brush K. Makovsky , also departed within the estimate ( estimate 200-300 thousand pounds , the result of 242,000 pounds). Another important item - Iberian icon of the Mother of God , presented to Emperor Alexander III in honor of the accession to the throne - was sold for 146.5 thousand pounds estimeyte 120-150 thousand pounds .


Nicholas Roerich world crown .
1921 Tempera on canvas . 143 × 91
Bonhams. 11/29/2013 . Lot 37
Estimate: 300-500 thousand pounds
Result: 434.5 thousand pounds
Source : Press Release Bonhams
 Robert Falk woman in lilac . Potekhina Portrait ES
ROBERT FALK
Woman in lilac . Portrait ES Potekhina
Oil on canvas. 89 × 79
Bonhams. 11/29/2013 . Lot 15
Estimate: 1-1,5 million pounds
Result: 1.2 million pounds
Source : Press Release Bonhams

Alas, without a buyer remained one of the top lots - Bas Christ the Saviour Cathedral in Kyoto (estimate 0,8-1 million pounds). Not caused interest and two landscapes Felixovich Lagorio Lev « View Elbrus " and " Caucasian landscape " (estimate 100 -120,000 lb each ) . Total revenue of the auction was about 6 million pounds .

MacDougall's. " Russian art, icons and PDI ." November 27, 2013

And finally , completed the Russian week in London trading MacDougall's « Russian art, icons and PDI " total revenue which amounted to 8.72 million pounds. With the hammer went Lot 191 of 490 proposed (39%) . No work prices reached over a million pounds , but few works went for a record price for the authors . For example , winter landscape "Blagovest » Nicholas has been sold for a record 777,000 pounds (estimate 500-700 thousand lbs.) Broke the record and work «Le Taureau échappé» artist Survage - 370,77 thousand pounds. In addition, set personal records on work Paul Scalia (195,2 thousand pounds ) , Constantine (106,2 thousand pounds) and Vladimir Stozharov (99,75 thousand pounds ).

Below are two common to all four auction houses rankings top 10 - for painting and drawing XIX - early XX century and contemporary art . Usually we use in the preparation of the ratings the principle of " one artist - one ( most expensive ) work" to include in the sample as much as possible names. However, for the first rating he did not need : a dozen authors determined by the principle of sport - only the results . In the second ranking , we still get our favorite principle and excluded from the calculation of two paintings by George Guryanova ( they would occupy the 6th and 11th place ) and one work Seeds Faibisovich (9th place) and Vladimir Weisberg ( 12th place ) . If we were a simple list of the most expensive lots of contemporary art at these auctions Russian , then in fairness they should be taken into account .

Top 10 Russian Trading paintings and drawings XIX - beginning of XX century

Description

Estimate , pounds

result ,
pounds

Auction

1

Ilya Mashkov bathers . 1911

000-800 600 000

4114500

Christie's
25.11.2013

2

Aristarchus Lentulus Church in Alupka . 1916
world record for the artist

1800 000-2 200 000

2098500

Christie's
25.11.2013

3

Nicholas Roerich Kanchenjunga . 1935-1936

800 000-1 200 000

1314500

Bonhams
27.11.2013

4

Nicolai Fechin Nude

000-700 500 000

1258500

Sotheby's
25.11.2013

5

ROBERT FALK woman in lilac . Portrait ES Potekhina

1000 000-1 500 000

1202500

Bonhams
27.11.2013

6

Henrich Semiradsky beggar . 1878

1000 000-1 300 000

1082500

Sotheby's
25.11.2013

7

Valentin Serov Female portrait (possibly Mary Vasilevny Yakunchikovoy ) . 1892

000-300 200 000

830 500

Sotheby's
25.11.2013

8

Ivan Aivazovsky walk at sunset. 1869

000-500 300 000

782 500

Christie's
25.11.2013

9

NICHOLAS Dubovskoy evangelism. 1916

000-700 500 000

777 000

MacDougall's
27.11.2013

10

Boris Kustodiev Venice . 1913

000-700 480 000

751 200

MacDougall's
27.11.2013

Top 10 Russian trading modern art

Description

Estimate , pounds

result ,
pounds

Auction

1

Ilya Kabakov Holidays number 6 . 1987

800 000-1 200 000

962 500

Sotheby's
25.11.2013

2

Komar and Melamid's Knocking at the door. From the series " Nostalgic Socialist Realism »

000-270 220 000

286 800

MacDougall's
27.11.2013

3

GEORGE GURYANOV Rower Sergei. The situation today is such that allows equally convincingly can be explained as a 100%success , and a 100%failure of any auction. And effectively argue otherwise why something could not be . Quite another matter - to predict the vector of events .

Honestly, for me the kind of success trades and especially individual lots was a surprise . But who could have foreseen this ? Often these actions can have a million irrational explanations , no relation to market conditions . If we abstract from Falk and Konchalovsky , the overall " hits record " on the world's masterpieces , which we have seen in recent times, can be a sign of global uncertainty. Marketing ploy ? So , Sotheby's catalog November 26 consisted of the things with the estimate from 2 thousand to 220 thousand pounds. In the catalog Christie's November 25 bulk of things was also in the range of up to 100,000 pounds.


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