Art Investment

Still life of Nicholas Feshina sold for $262K at auction in the United States

This result — for best artist this year and the third in the history of its sales outside of Sotheby's, Christie's, Bonhams and MacDougall's

still life mid 1920-х years painted by Nicholas Fechin at the recent online-торгах small auction house Andrew Jones Auctions reached a remarkable (and probably unexpected for the organizers) result in $262 thousand This price — best result of the sale of Fechin's work at open auctions since November 2019 and the third largest made outside of the four major auction houses — regular (and basic) members of "Russian weeks" in London: Sotheby's, Christie's, Bonhams and MacDougall's.

"still life with flowers and fruit", written by Nikolai Fechin circa 1925, was descended, like most of the lots of the auction collection, from the collection of Californian collectors and Mary Lou silver. Despite the catalog pre-auction estimate of $70-100 thousand, bargaining for lot started immediately with the upper limit of estimeyta, and the result turned out to be more than 2.5 times higher than the start, was for the organizers of the auction a pleasant surprise. However the surprise was the overall result of trading on July 26, which went under the hammer 95 % of the lots catalog, and total revenues exceeded $1.6 million.

the Work of Nicholas Feshina not the only piece of Russian art sold that day. So, within the thousands of dollars in new arms gone draw bowl Erte and landscape, 1955 "Ostrovsky Square. St.-Петербург" hands Arseny Semionov, for $34 thousand, while the estimate of $30-50 thousand, was sold gouache Sergey Polyakov, for $12 thousand went to a new owner of a small bronze figurine of a cow, cast circa 1880 in the St. Petersburg factory Woerffel model Leonid Posen (estimate: $2-3 million).

Commenting on the results of previous auctions, head of the auction house's Andrew Jones said that "high interest and the achieved results are very encouraging. Turn to online-формату auctions have caused us harm". I would add that even in front of — as trading took place without the physical presence of the audience, the number of correspondence and online-участников only increased. To participate in the last auction on the website of the auction house, as well as on the websites of-агрегаторах registered about 3,5 thousand people, and another 200 people have expressed their desire to leave an absentee bid or participate in the auction by telephone.

Source: andrewjonesauctions.com, artdaily.com


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