Art Investment

Auction of Russian decorative-прикладного art Sotheby's Russian Works of Art brought in £2,37 million

The auction catalog, which represents the second part of "Russian week" Sotheby's in London, sold by 66.5 %

Yesterday, on 17 June 2020, the auction house Sotheby's, has completed the spring "Russian week" in London auction decorative-прикладного art Sotheby's Russian Works of Art. A collection of the auction amounted to more than 250 lots — items from the work of Carl Faberge from European collections, silver, including a rare set from the possession of the Yusupov princes, a selection of icons and a wide range of porcelain; catalogue was sold out by 66.5 % to a total of £2,37 million (about us $3 million).

the three most expensive lots of the auction included just two icons. Top-лотом became the pre-revolutionary image of Christ Pantocrator in the frame work of Carl Faberge, with a very interesting provenance: according to the documents, this icon was supposed to be a gift from Tsar Nicholas II (1868-1917) the king of Montenegro Nikola I (1841-1921), but in 1916 was donated by relatives tea Nikon Alexandrovich Molchanov, from the heirs which came by the last owner. While the estimate of £60-80 million ($75-100 million), the icon for 27, have risen more than five times and was sold for £375 million ($470 thousand).

In the second place — tray icon of the Holy Martyr Alexandra Roman gold frame factory Pavel Ovchinnikov, sold for £68.8 thousand ($86,4 thousand), two steps higher than the starting price. In total, the collection of icons of the 26 lots were sold by more than 60 % and brought a total of almost £610 million ($758,9 thousand).

the Record price for items made of enamel and silver steel round table clock work master Henrik Wigstrom for the firm of Carl Faberge, sold for £60 million ($75 thousand).

special mention deserve the results of sales of works from porcelain. The highest total cost among all the sets and items (the auction featured a wide selection of Imperial and post-revolutionary China) made up two plates, created in Petrograd in 1920-х years. Each of them was sold for £43.7 per thousand ($54,4 million). Differed only in the estimate: a plate with the inscription "3-й international" on the sketch by Alexander Alexandra schekatihinoy-Потоцкой had a preliminary estimate of £18-25 million ($22,3–31,1 thousand), and the plate with the inscription "Municipality", created according to the sketch of Peter Vereshchagin is estimated at £8-12 million ($9,9–14,9 thousand).

Thus, the "Russian week" spring 2020 brought the auction house Sotheby's total of £8 million ($9.9 million). And if in comparison with last year, proceeds of the auction of fine art has fallen by almost half: £10.4 million in 2019, against a £5.6 million in 2020 (which is easily explainable by the specifics online-торгов), the results of the auction decorative-прикладного art, by contrast, has grown: from £1.9 million to £2.37 million "Russian auction" Christie's will start July 1, 2020, but already now we can say that while the Russian art market is going through a crisis better than expected.


Permanent link to:

When quoting reference to the without fail

©, 2024

Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.

Услуги ARTinvestment


Индивидуальные консультации от опытных искусствоведов по любым вопросам в сфере искусства

Составление Инвестиционного Портфеля

Подбор предметов искусства для инвестирования под любую инвестиционную стратегию

Индивидуальная оценка

Наши эксперты проведут профессиональную оценку вашего предмета искусства, учитывая его состояние, авторство, историю и другие факторы


Проведенных аукционов

8 800+

Зарегистрированных пользователей на аукционе

343 000+

Записей в базе

16 000+

Художников в базе

This site uses cookies, it can collect data about IP addresses and users. N 152-FZ «On Personal Data» and continue working with this site, you confirm your consent to the processing of personal data in accordance with the law N 152-FZ «On Personal Data» and «The policy of LTD «ArtIn» with regard to the processing of personal data».