Russian auction in November 2016. The results

Set records for works by Alexander Rodchenko and Ilya Chashnik. The AI predictions mostly came true

the Results in figures and analysis of our projections. But it would be better to start with emotional impressions from the auction, which visited "our people". And experienced people, ravidasias and not prone to overly optimistic estimates. So listen to them this time was amazing, they went back satisfied with the feeling that the auction went great. Confidently estimate that London's November was definitely better than London June 2016.

What I remember from the stories:

1. Russian avant-garde medium quality grind at exorbitant prices, several times higher than rational expectations. Bought a lot of new people, and not for resale. (many things are quite sketchy, non-profit, "sketches"). That is, he took for himself and for a long time. Hence these prices. The old collectors already have: better and bought 4-5 times cheaper. In particular, the estimate for a record Ilya Chashnik was $125 000 (which was already expensive). In the end, to everyone's surprise, to $600 000 for it was trading at around five (and it usually characterizes the level of market prices). And then very reckless buyers "drove" the lot is nearly $3 000 000, where he won a "phone". It's a passion, a rational explanation for them, so in this case we are hopelessly wrong prediction.

2. The winner of the auction — "Design No. 95" Rodchenko for $4 500 000 — bought dealer Alex Lachmann. Therefore, we can assume that, in the interests of the collector Pyotr Aven. However, this is only our guess, we really do not know.

3. The sixties, especially lots from the collection of the deceased spouses Bar-Гера also torn with the hands. And at above-market prices, with a significant overpayment. That is, again, took no dealers for quick resale, and collectors,. Forever or for investment with the future in sight (it was too good provenance).

4. There were a few mysterious cases. In particular, with the removal of top right before the auction@Christies ndashлота — "Golden Nude" Volkov. The reasons for the organizers of the auction to explain did not become. We can only guess. It happens when you doubt the authenticity (clearly not the case), the disputes of heirs (also not the case), in the case of violations of import (now it is the most acute issue) or even some-то legal problems. In General, we don't know remains a mystery. Was price puzzle when inappropriately expensive sold paintings by little-known artists and famous — Vice versa. For example, the painting Helium Korzheva, who holds the record of Russian auction market in 2016 ($340 000) in London have not left even for a much more modest start $150 000.

Well, now to the promised figures.

let's Start with the results of auctions of Russian art Christie's on November 28. The auction house is glad to report total revenue of over £4.5 million, or $5.6 million (70% of the average total estimate). With hammer away 79 % of the lots (222 of 280), but keep in mind that within the same auction sold the painting, and PDI, so these figures relate to both categories.

All three works with the highest preliminary rating was not sold. We are talking about "the Harvest" Petr Konchalovsky, with an estimate of £250-350 thousand, "Child with toy" Maria Vasilyeva, 1920, with an estimate of £400-600 thousand, and the "Golden Nude" by Alexander Volkov for £400-600 thousand In our prediction, we assumed that outcome. Besides Volkov, who was shot inthe day of the auction. It is not known what would be the result, if this beautiful thing before the auction (we predicted a withdrawal of more than $1 million).

Reduced the estimate allowed a good idea to sell off the classics. Without exorbitant million, as before, and at normal prices. So, the most expensive painting at Christie's was the landscape, "Forest stream" by Konstantin Korovin (est: £120-150 thousand), which got a new owner for £317 million ($396 million) including Commission Buyer's Premium (hereinafter all prices are subject to BP). The second top-лотом was the landscape, Aivazovsky — still fresh in the memory of a six-month sea Kingdom on the Crimean Shaft. The work of the "Grafskaya Pristan. Sevastopol" your average estimate of £100 thousand exceeded twice, and was sold for £209 million ($261 thousand). The third most expensive picturesque thing — painting "entrance to the Royal tomb" Vasily Vereshchagin: the result of a £112,5 thousand ($140 thousand), closer to the lower boundary estimate £100-150 thousand

But back to our predictions. The piercing thing Savely Sorin "Night school" met our expectations: the result £of 56.25 million (USD 70.3 million) including Commission, i.e. the hammer price without BP about the same $60 million that we had hoped.

still life of Yuri Annenkov: lot even slightly exceeded the estimate of £60-80 million and went for £93,75 million ($117,2 million). Our forecast was for $120 thousand And a couple of paintings of Mikhail Shemyakin, which we predicted care for $25 million with the estimate of $12-18,5 million, eventually went to a buyer for £27.5 million ($34.3 thousand).

as for the second part of the auction of Christie's devoted to the Russian decorative-прикладному art, the care was better than in painting (sold 83 % of the lots). The star of the order of Saint Catherine the first degree of the firm "Bolin" was sold for £173 million ($216 thousand). Besides it, among the favorites was a gift an icon of the Moscow saints Alexis, Peter and Iona, presented to Tsarevich Alexei Nikolaevich, in 1912, on the occasion of his first official visit to Moscow. Price icons with Imperial provenance including the fee of £87.5 thousand ($109,3 million). Consistently in great demand products of fabergé, Russian silver early and rare Soviet porcelain. The attention of collectors attracted and Scandinavian porcelain collection, which the sale has reached 142 % of the pre-assessment.

Go toRussian trading Sotheby's on 29 November. The auction house was blown of fine art and PDI in two separate auction. Now, there is only the paintings and drawings has brought Sotheby ' s £12,589 million ($to 15.65 million) — 123% of the average total estimate of the auction. With the hammer went lot 183 of 230 (almost 80 %).

we Should also allow the sales statistics across multiple collections, which constituted the lion's share of Sotheby's catalog. This, in-первых, a private European collection of Russian avant-garde, where almost all the work was completed around 1917. Of the 23 lots in this collection (the total score of collections of 3.7–5.2 million) were sold to 21 totalling £6,64 million ($8.2 million). In-вторых, is a collection of non-conformists Candy and Jacob Bar-Гера: 59 of the 63 lots (93,6 %) of this collection (the total evaluation of the collection £791 thousand — £1.15 million) brought the total of £1.42 million (USD 1.77 million). And yet it was as much as 10 works of Ivan Pohitonova from one of the meetings: 8 sold for £1 million (estimate: £0.79, which is 1.1 million).

the Main event of the auction was, of course, the sale of two major works from the collection of the Russian avant-garde, which were discussed above. About the record "Design No. 95" Alexander Rodchenko we have already mentioned. The picture is valuable, 1919, was sold for £3.65 million ($4.5 million) including Commission. The previous record Rodchenko belonged to a small figure exceeded 7 times. The record was predictable as paintings by Rodchenko is a rarity. Especially, on auction.

But a complete surprise for market participants and our analysts was the sale of works by Ilya Chashnik, "the Seventh dimension. Suprematist relief" of the early 1920-х years. Estimate of £100-150 million, which is before the auction, many (and including us) believed inflated at least twice, in the end, was not only reached, but exceeded in 19(!) time. The hammer price given BP £2.4 million ($2.99 million). This is a new record for the artist's work. In AI have assumed a modest care relief Chashnik at the lower estimate for £100 thousand And two drawings by Nikolai Suetin, previously estimated at £25-35 thousand each, brought for £50 thousand We thought that if they leave, at the lower estimate, but not higher.

Another scenic Sotheby's auction was a real parade of paintings, among which stands alone among marine canvas "Jesus walking on the water". In the end, six of our main seascape was sold, five of which were sold above estimate. Work on religious plot, which was meant to care for $70 million, eventually bought for $201,6 thousand Landscape oval "On the Crimean shore" twice exceeded the estimate and went for £224,75 thousand ($278,8 thousand). And the most expensive in thongs Aivazovsky (and the third most expensive work of the auction, after Rodchenko and Chashnik) was the painting "the Coast of Yalta", estimated at £300-500 thousand: it got a new owner for £488,75 thousand ($606,3 million) including Commission. According to representatives of Sotheby's, is one of the earliest Crimeanlandscapes Feodosia artist.

In the string of works Pohitonova Ivan became the most expensive painting "Hunting for quail in Jobofmine", experts estimated the auction house at £200-300 thousand: it is written in the name of the father, in Minsk province, the work was sold for £296,75 thousand ($368,1 million).

Nonconformists from the collection of Jacob Bar-Гера was sold out, as has been said, is 93.6 %. The most expensive was "the Circus (diptych)" by Oleg Tselkov sold for £131,25 million ($162.8 thousand), while the estimate of £80-120 thousand And the work is good, but a little-known sixties of vahrich of Bahchanyana Slander that low probability was seen in the number sold, in the end, your lover found (estimate: £3-5 million, the result of £6.25 thousand).

Sotheby's Auction of decorative-прикладного of art, Faberge and icons Nov 29, brought in £1,256 million ($1,558 million), with total estimate of £1-1. 5 million Sold 91 of 137 lots (66,4%).

Auction of Russian art auction house Bonhams on November 30 brought a little more than £1 million an Impressive string of 24 works of a member of the Union of Russian artists and AHRR Fedor Zakharov (1882-1968) was sold for only one-third went under the hammer 8 works. And top-лота "Ballerina", which adorned the cover of the catalog, the number sold was not. Instead of "Ballerina" the most expensive work of Zakharov became a genre scene "Artist and model", sold for £17.5 million ($21.7 thousand).

"New Statue of Liberty" — is a project of the monument, which Ernst Neizvestny was going to do for Taiwan, — got a new owner for £8,75 million ($10,97 million). We predicted care for $15 thousand And the "Long leg" Viktor Pivovarov was implemented for £2 million (we gave her 2 thousand, but only $ ).

Top-лотом in the fine string of Bonhams was the beautiful work of artist Vladimir Molochkova "Bastards" in 2015, sold for £62.5 thousand with the Commission, and that more than 5 million rubles at current exchange rate. Estimate was £70-90 thousand Wonders what-то. For those who believe in wizards.

Summarize the overall result. The figures and predictions were wrong, of course. Got too conservative. But the General direction and the main sales counted true. And certainly better than American sociologists. Surprise became optimistic Russian buyers in London. Whether heady air of freedom at work (and this is no joke), whether people are yearning for positive emotions, whether at the time included a new generation of customers who tired to wait for better times. And probably all together. Well and good. There are times when we are glad to be wrong. This is the case.

Maria Onuchina
Vladimir Bogdanov

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Russian auction in November 2016. The results

Рейтинг продаж русских художников

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Russian auction in November 2016. The results

Рейтинг продаж русских художников

Новости - Hot news

Услуги ARTinvestment