The First Art Newspaper on the Net Established in 1996 United States Tuesday, July 29, 2014


Kustodiev Painting Sells for 2.8 Million Pounds, Almost Three Times its Low Estimate
This evening’s top-selling lot was Boris Mikhailovich Kustodiev’s (1878-1927) oil on canvas The Village Fair.
LONDON.- Tonight, Sotheby’s London biannual Russian Art Evening Auction achieved the solid total of £7,906,050 ($12,546,901), within its pre-sale auction estimate of £6,740,000-9,920,000, and was very well-attended. The sale was 63% sold by lot and 73.3% by value, and saw new auction records established for four Russian artists: Isaak Brodsky, Boris Kustodiev, Konstantin Kryzhitsky and Vladimir Lebedev.

Commenting on this evening’s sale, Jo Vickery, Senior Director and Head of the Russian Art Department in London, said: “Tonight’s sale was the first test of the Russian Art Market at Sotheby’s in London this year and we are extremely encouraged by the results established. The prices realised for the rediscovered painting by Brodsky and the work by Kustodiev, both of which set new auction records, demonstrate that the buyers and bidders in this adjusted market are prepared to compete hard for high-quality works that are fresh to the market and rare. This evening’s sale has provided us with valuable information about the Russian art scene in the recalibrated market and we very much look forward to the sales of Russian Art that follow at Sotheby’s this week.”

Auction Highlights:
This evening’s top-selling lot was Boris Mikhailovich Kustodiev’s (1878-1927) oil on canvas The Village Fair, signed and dated 1920. After several minutes of spirited bidding the painting sold for the extraordinary sum of £2,841,250 ($4,509,064) – almost three times the pre-sale estimate of £1-1.5 million – to a round of applause. The work, which had come from a private French collection, is typical of Kustodiev’s idyllic depictions of the Russian provinces and exemplary of the artist’s ability to convey the sounds as well as the sights of provincial Russia.

The recently rediscovered painting, Nanny with Children by acclaimed Russian artist Isaak Izrailevich Brodsky (1883-1939), dated 1912, was also highly sought-after and established a new record for the artist at auction. Four bidders competed for the painting for more than five minutes until it finally sold to an anonymous telephone bidder for the remarkable sum of £937,250 ($1,487,416), over three times its pre-sale low estimate (Est. £300,000-500,000). Nanny with Children, which has been considered lost for almost a century, came from a private collection in Italy where it had remained since the 1950s and is a superb example from one of the most important cycles in the artist’s pre-revolutionary oeuvre.

The third highest price achieved this evening was established for Nikolai Konstantinovich Roerich’s (1874-1947) The Treasure, which brought £702,050 ($1,114,153) - more than double its pre-sale low estimate. The work came from a private US collection and was estimated at £300,000-500,000.

A further auction record was established for the artist Konstantin Yakovlevich Kryzhitsky (1858-1911), when his oil on canvas Landscape commanded £289,250 ($459,040), over three times its pre-sale high estimate of £80,000 and a sum well in excess of the previous auction record for Kryzhitsky of £53,000. The painting, property from a private South American collection, depicts the Russian landscape and is an outstanding example of paintings in this genre that celebrate the epic dimensions and perception of Russia’s vast expanse.

The Colefax Collection brought a combined total of £374,500 ($594,332) and both Sergei Arsenevich Vinogradov’s Lady in an Interior and Mikhail Vasilievich Nesterov’s A Lonely Woman achieved prices in excess of their pre-sale high estimates: Lady in an Interior, which dates from 1924 and was one of the first paintings that Vinogradov executed in the flat he and his wife rented in Riga’s city centre, sold for £217,250 ($344,776), while Nesterov’s A Lonely Woman from 1922 realised £157,250 ($249,556).

Sotheby's | Isaak Brodsky | Boris Kustodiev | Konstantin Kryzhitsky | Vladimir Lebedev |


Today's News

June 9, 2009

Thyssen-Bornemisza Examines Matisse's Work During the Central Period of His Career

Guggenheim Teams with Google in Global Design Competition Inspired by Frank Lloyd Wright

Yale University Art Gallery Acquires Important Edward Hopper Drawings

Exhibition Captures the Dramatic Transformation of Paris During the Rise and Fall of Napoleon III

Sainsbury Centre Opens An Impossible Journey: The Art and Theatre of Tadeusz Kantor

Doig, Fontana, Koons and Richter Lead Christie's Auction of Post-War and Contemporary Art

Journal of War and Exile, Spain-France, 1936-1939 by Agusti Centelles Presented at Jeu de Paume

Kustodiev Painting Sells for 2.8 Million Pounds, Almost Three Times its Low Estimate

Tableau Vivant of the Artist and His Model Featured in the Icelandic Pavilion at La Biennale

Bonhams to Sell Painting by Artist Described by Hitler As "Degenerate"

Nollywood Babylon, a Documentary About the Extraordinary Growth of the Film Industry in Nigeria to be Shown at MoMA

Robert Austin RA: Prints and Drawings on View at the Royal Academy

Exhibition Highlights Images of King David from the Getty Museums Collection of Psalm Illustrations

PHotoEspaña 2009: Filmoteca Española Presents 14 Films by Reality Filmmaker Pedro Costa

Robert Hull Fleming Museum Opens Two New Summer Exhibitions

National Gallery Joins Forces with Feltham Young Offenders Institution to Launch Creative Arts Academy

Association of Art Museum Curators Welcomes its Fourth President, John Ravenal

Origin of Kaan Dynasty Could be in Ichkabal

NASA Announces Winners in Second Annual Lunar Art Contest

Most Popular Last Seven Days



1.- Archaeologists discover Roman 'free choice' cemetery in the 2,700-year-old ancient port of Rome

2.- Romanians must pay 18 million euros over Kunsthal Museum Rotterdam art heist

3.- Hello Kitty designer Yuko Yamaguchi defends cute character as cat turns 40 years old

4.- eBay and Sotheby's partner to bring world class art and collectibles to a global community

5.- Exhibition on Screen returns with new series of films bringing great art to big screens across the globe

6.- Marina Abramović reaches half way point of her '512 Hours' performance at the Serpentine Gallery

7.- The Phillips Collection in Washington introduces a uCurate app for curating on-the-go

8.- United States comic icon Archie Andrews dies saving openly gay character

9.- New feathered predatory fossil, unearthed in China, sheds light on dinosaur flight

10.- Exhibition at Thyssen Bornemisza Museum presents an analysis of the concept of the 'unfinished'

Related Stories



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

Sotheby's New York to offer The Andy Williams Collection of Navajo blankets in May 2012

Buhl Collection brings $12.3M - Highest ever total for a private collection of photos sold at auction

'Casablanca' piano sells in NY for more than $600K

No bidder found for letters by 'Peanuts' creator

Sotheby's names President and CEO William F. Ruprecht as Chairman of the Board of Directors

Sotheby's announces first ever selling exhibition of contemporary art from central Asia and the Caucasus

Mick Jagger love letters written to American singer Marsha Hunt sold at London auction

House of Illustration raises 68,750 in "What are they like?" Celebrity Auction at Sotheby's London

Swiss contemporary art generates enthusiasm among collectors at Sotheby's



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, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Rmz. - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site