The First Art Newspaper on the Net   Established in 1996 United States Wednesday, September 19, 2018

Sotheby's 2008 November Series of Russian Art Sales Total $37.9 Million
Fedorovich Larionov's oil on canvas Reclining Nude, which sold within estimate for £1,385,250 (est. £1.2-1.5 million). © Sotheby’s.

LONDON.- Sotheby’s 2008 November series of Russian Art sales totaled £25.2, $37.9 Million. This is the third highest total for a series of Russian Art sales at Sotheby’s. This brings the total for Russian Art sold at Sotheby’s in 2008 to£136.3 ($242.1) million. Nine new artist records achieved (seven in the Evening Sale and two in the Day Sale). Five lots sold for over £1 million. Eight works sell for over $1 million. Across all four Russian Sales, almost two-thirds of the lots offered were sold (387 of 657). Imperial and Royal Presents Sale Exceeds All Expectations and Realises £1.95 Million. Almost Double The Pre-Sale High Estimate Of £1.1 Million. The Sale Was 94% Sold By Lot And 98.6% Sold By Value. 21% Of The Buyers Were New To Sotheby’s (CIS And Rest Of The World). The Top-Selling Lot Was A Fabergé Silver-Gilt Pearl And Enamel Heart-Shaped. Photograph Frame Sold To A Telephone Bidder For £229,250, Almost Four. Times Its Pre-Sale Low Estimate (Est. £60,000 – 80,000). The Russian Art Evening Sale totaled £14.1 million, just short of its pre-sale low estimate of £17 million. 59.4% Of The Sold Lots Achieved Prices In Excess Of Their Pre-Sale High Estimates. 30% Of The Buyers Were New To Sotheby’s And All Came From The CIS. The Highest Price Achieved In The Sale Was For Mikhail Fedorovich Larionov’s Oil On Canvas Reclining Nude, Which Sold Within Estimate For £1,385,250 (Est: £1.2-1.5 Million). Works By Makovsky, Roerich And Polenov, Respectively Sold For The Second Third And Fourth Highest Prices In The Sale And Across All Four Sales At Sotheby’s This Week.

Commenting on Sotheby’s November 2008 series of Russian Art Sales which concluded today, Jo Vickery, Senior Director and Head of Sotheby’s Russian Art Department, said: “It is extremely important to remember just how far this market has come in a relatively short space of time – 10 years ago this market did not exist and the growth we have seen has mostly occurred in the past five years. In May 2007 Sotheby’s was the first international auction house to open an office in Moscow and this time last year we pioneered Evening Sales of Russian Art. Now, in 2008 Sotheby’s sold almost a quarter of a million US dollars of Russian Art.”

“Our sales of Russian Art today concluded realising a combined total of £25 million, representing the third highest total for a series of sales in this category at Sotheby’s. Given the current economic climate we are extremely pleased with the total achieved and have sold almost two thirds of the lots we offered for sale. We are also very encouraged by the level of activity, both from the CIS and the rest of world across all four sales, which demonstrates that the Russian Art Market remains healthy. 30% of the buyers in the Evening Sale were new to Sotheby’s and came from within the CIS, and in the Imperial and Royal Presents Auction, 21% of the buyers were new to Sotheby’s.”

Vickery continued: “These sales have provided us with a barometer for this market and what we have witnessed is that clients are drawn, more than ever before, to unprecedented saleroom opportunities and collections with impeccable provenance, such as the Imperial and Royal Presents Sale, and are looking to buy the very best - in terms of quality and rarity – of what is on offer at a conservative price. Given the strength we have seen for good pictures and objects this week, we expect to enjoy success going forward at a slightly recalibrated level.”

Today's News

November 28, 2008

Jakob Philipp Hackert. European Landscape Painters in the Age of Goethe in Hamburg

National Gallery of Canada Exhibition Reveals the Brilliance of Bernini

Picasso Presents Living Things: Picasso Figure - Still Life

Jake and Dinos Chapman - Memento Moronika at Kestnergesellschaft

Sotheby's 2008 November Series of Russian Art Sales Total $37.9 Million

Santa Claus Finds a Permanent New Home in Rotterdam

The Hermitage Amsterdam Presents Caspar David Friedrich (1774-1840)

Cut & Paste: European Photomontage 1920-1945 at The Estorick Collection

Full Circle: Ten Years of Radius Opens at The Aldrich Contemporary Art Museum

Video Performance: Models of Self-Reflection at Ausstellungshalle zeitgenossische Kunst Münster

Billy Childish - Hero of the British Art Resistance at The Aquarium

Utopia: Qiu Anxiong - What Do You Dream Of? The Best of All Possible Worlds!

LAB 8.3: Reconstitution - Nicholas and Sheila Pye Opens in Victoria

Delacroix and Photography Opens at Musee National Eugene-Delacroix

Lidy Jacobs - Carved Out Gleaming Glamour at Parrotta Project Space Berlin

Feel to See Opens at Museo Nacional de Colombia

Most Popular Last Seven Days

1.- New photographic book explores the provocative works of Rodin, Schiele and Picasso

2.- Spanish sculptures get kitschy colours in another botched restoration

3.- Van Gogh was murdered claims new film at Venice

4.- Raging fire tears through Rio de Janeiro's treasured National Museum

5.- Musée national Picasso-Paris opens exhibition of masterpieces by Pablo Picasso

6.- National Gallery of Art opens major exhibition of Corot's paintings of women

7.- RYAN LEE opens Indigenous Woman, a solo exhibition by Martine Gutierrez

8.- Flowers Gallery appoints new Gallery Director Jennifer Francis to lead global operations

9.- Bavarian authorities return priceless eighth century gold Sican mask to Peru

10.- Detroit Institute of Arts receives monumental Ursula von Rydingsvard sculpture

Related Stories

Important Judaica and Israeli & international art bring a combined $7.9 million at Sotheby's New York

Tunisia to auction ousted despot's treasures

Andy Warhol's Mao portraits excluded from the Beijing and Shanghai shows next year

China criticises French Qing dynasty seal auction

Christie's announces auction marking the first half century of the popular and luxurious interiors shop Guinevere

Nine new exhibits debut at San Diego International Airport

Rembrandt masterpiece "Portrait of Catrina Hooghsaet" back on display at National Museum Cardiff

Amber: 40-million-year-old fossilised tree resin is Baltic gold

Egyptian artist Iman Issa wins the Ist FHN Museu d’Art Contemporani de Barcelona Award

The main chapel of the Basilica of Santa Croce open for visits after five year restoration

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
Founder's Site. The most varied versions
of this beautiful prayer.
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful