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    Sotheby's November Russian Art Evening Sale Totals 14.1 Million Pounds

    Date: 26 Nov 2008 | | Views: 2936

    Source: ArtDaily

    LONDON - Sotheby’s London Russian Art Evening Sale realised a total of Ł14,155,600, against a pre-sale estimate of Ł17,535,000-24,810,000. The sale attracted over 100 registered bidders and saw 59.4% of the sold lots bring above their low estimates.

    Commenting on the Evening Sale, Jo Vickery, Senior Director and Head of Sotheby’s Russian Art Department, said: “Given the current state of the economic climate, we are very pleased with the total achieved for this evening’s auction which fell just short of its low estimate of Ł17 million. Eight new artist records were established and 30% of the buyers in the sale were not only new to Sotheby’s but also came from the CIS, which is extremely encouraging and demonstrates that there continues to be an active market for Russian Art. Works by Roerich performed particularly well and high quality paintings by the blue-chip 19th- and early 20th-century Russian artists, such as Konchalovsky, Polenov and Larionov continue to be in demand.”

    The highest price achieved in this evening’s sale of Russian Art was for Mikhail Fedorovich Larionov’s oil on canvas Reclining Nude, which sold within estimate for Ł1,385,250 (Est: Ł1.2-1.5 million). The painting was offered as property from a private European collection and was acquired directly from the widow of the artist, Alexandra Tomilina, by the previous owner.

    Vladimir Makovsky’s museum-quality painting The Rag Market in Moscow set a new record for the artist at auction tonight when the work sold for Ł1,239,250 within estimate (Est: Ł1-1.5 million), establishing the second highest price paid in this evening’s sale. Painted in 1880, the monumental scene (157 x 258 cm) captures the brisk trade at the flea market between what was then the Ilyinsky Gates and Staraya Square. The painting was very well received at its first exhibition in St. Petersburg in 1880, and continued to attract a great deal of interest at exhibitions abroad, including the1893 World's Columbian Exposition in Chicago, Illinois.

    Works by Nikolai Konstantinovich Roerich performed exceptionally well tonight and his tempera on canvas The Command brought his highest price of the evening, selling for Ł1,105,250 – almost five times its pre-sale low estimate of Ł250,000-350,000.

    The sale followed an extremely successful sale of Imperial and Royal Presents which brought Ł1.95 million. Sotheby’s Russian Sales continue on Tuesday, November 25 with the Russian Paintings (Day Sale) and conclude on Wednesday, November 26 with Russian Fabergé, Works of Art and Icons (Day Sale).

    Seven New Artist Records Established:
    Lot 3
    Nikolai Kornilevich Bodarevsky
    Ukrainian Girl tending Geese
    Sold for Ł181,250
    Previous record: Ł74,400

    Lot 6
    Fedor Fedorovich Buchholz
    The Kissing Rite
    Sold for Ł133,250
    Previous record: one work previously offered at auction, bought in

    Lot 7
    Vasili Dmitrievich Polenov
    Egyptian Girl
    Sold for Ł1,049,250
    Previous record: Ł714,900

    Lot 11
    Vladimir Egorovich Makovsky
    The Rag Market in Moscow
    Sold for Ł1,329,250
    Previous record: Ł624,000

    Lot 14
    Vasily Alexandrovich Kotarbinsky
    Sold for Ł299,200
    Previous record: Ł301,250

    Lot 46
    Leonid Terentievich Chupiatov
    The Staircase
    Sold for Ł253,250
    Previous record Ł97,250

    Lot 54
    Alexander Mikhailovich Gerasimov
    Still Life with Peonies
    Sold for Ł241,250
    Previous record: Ł27,967

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