The top-selling lot of the November Sales of Russian Art in London was Alexander Yakovlevs 1926 oil on canvas The Kuli-Kuta Dance, Niamey, which sold for the within-estimate sum of £937,250 (Est. £800,000-1,000,000**)
Two new artist records established for Mikhail Alexandrovich Vrubel with The Assyrian (lot 23, est. £30,000-50,000) and Igor Emmanuiovich Grabar with Delphiniums (lot 25, est. £150,000-200,000), each of which sold for the sum £181,250.
Combined, all five November Sales of Russian Art in New York and London established a solid sell-through-rate by lot of 64%
Discussing the results of Sothebys
Russian Art Sales in London this November, Jo Vickery, Senior Director and Head of the Russian Art department, said: With this sales series in London we have witnessed a healthy rebound in prices for 19th century paintings, notably for Bogoliubovs The Eve of the Celebration which brought £881,250 - more than double its presale low estimate - as well as Dubovskys The Land, which sold for £181,250, and Polenovs The Headquarters of the Ruschuksky Detachment, which realised £97,250. We also saw particularly strong bidding for fine Russian Works of Art and Faberge today. Overall, the results achieved this week are solid and bring Sothebys global total for sales of Russian Art in 2010 to the strong sum of $82 million.
**Pre-sale estimates do not include buyers premium.