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Boris Kustodiev's "The Coachman" realises $7 million, setting an auction record for the artist
A diamond and topaz platinum mounted Faberge cross pendent purchased by the Tsar Nicholas II and the Empress Alexander Feodorovna in St Petersburg in 1912 bought for the Tsar's sister Grand Duchess Olga Alexandrovna is seen during a press preview at Christie's auction house in London. It was expected to fetch some 50-70,000 pounds (US$ 79-111,000 , euro 61-86,000) when sold at auction on Nov. 26. AP Photo/Alastair Grant.
LONDON.- Christie’s sale of Important Russian Art totaled £15,244,725 / $24,422,050 selling, 65% by lot and 83% by value, setting new world auction records for Boris Kustodiev, Aleksandr Schevchenko and Maria Iakunchikova. The auction took place in a vibrant sale room as international bidders competed for some of the best Russian works of art, many of which were offered to the market for the first time including the three private collections of Kapitza, Iakunchikova and Chekhonon all of which sold 100%.

Sarah Mansfield, Head of the Russian Art Department comments: “We are extremely happy with the fantastic result achieved for The Coachman by Boris Kustodiev, reflecting exactly what collectors are looking for in this particular market: the best works by the best Russian artists, unseen for decades. All of the top ten works sold today came from private collections and were offered for sale for the first time.”

Mark Moerhke , Director of Works of Art, London and New York, declares: “Christie’s continues to lead the Russian Works of Art market internationally. The works of art offered during this sale were privately sourced and were fresh to the market. We were happy to witness that high prices were achieved across many categories, from Faberge works, which continue to be sought after globally, to a strong group of militaria.”

The sale was highlighted by The Coachman by Boris Kustodiev, painted in 1923 and formerly in the collection of Nobel Prize winner and friend to the artist Peter Kapitza (1894-1984). The Coachman realised £4,409,250 / $7,063,618, setting a new world record for the artist at auction. The painting was bought via telephone by a private European collector. The second work from the Peter Kapitza collection, The City outskirts by Aleksandr Shevchenko also established a new world auction record for the artist, selling for £433,250, and resulting in a combined total of over £4.8 million for the Kapitza collections.

Two further private collections also sold 100%; 14 works by Maria Iakunchikova, offered by her family sold for far above the pre-sale estimate of £235,000,selling for £479,878, and 22 works offered from the Family of Sergei Chekhonin, sold for over £350,000.

Moonlit Mausoleums, painted in 1915, fetched £433,250/$694,066/€534,630 and achieved the third highest price for a painting by Russian Avant-Garde Alexander Volkov, whose works were exhibited for the first time outside of Russia and CIS, during one of the longest non selling exhibition at Christie’s this September.

Other highlights of the sale:
The second highest price of the sale was achieved for Portrait of Mademoiselle Podbelskaya, by Nicolai Fechin, painted in 1912, which shows Natalia Alexandrovna Podbelskaya, a student of the Kazan Art School and Fechin’s most famous model from this early period. The picture sold to a private collector for £2,057,250.

The third highest price of the sale was set for an important paste-set gold and silver-gilt and enamel badge and star of the order of St Andrew, the first-called, made circa 1850. It had a pre-sale estimate of £120,000-180,000 and sold for £481,250.





Last Week News

November 26, 2012

The Royal College of Art celebrates 175 years with major historic exhibition

New paintings by Chinese artist Zeng Fanzhi on view at Gagosian Gallery in London

Sotheby's Zurich to offer works from classical painting to the various forms of contemporary creation

"Transportation of the Wounded" by Vasily Vasilievich Vereshchagin leads Sotheby's Russian Art Sales

Kunsthaus Zürich becomes Switzerland's largest art museum after electorate approves project

New Perot Museum of Nature and Science to open in Dallas on December 1st

Flemish master's Venus to highlight Grogan and Company Fine Art Auctioneers December auction

Exhibition of Bosco Sodi's large monochromatic paintings set to open at the Museo de Arte de Ponce

Exhibition in Germany can be visited and experienced by the visitors only in a burqa

Haus der Kunst pays tribute to Edition of Contemporary Music's achievements with exhibition

Flawless Imperfections: Fredrik Norén exhibits at Galleri Lars Olsen in Copenhagen

Hong Kong's Poly Auction's two-day inaugural sales during 24-25 November fetch HK$520 million

Ravenel Autumn Auction of Fine Jewels and Jadeite Sale led by US$ 2.39 million diamond ring

Ipek Duben's most recent manifestations of an engagement with the female figure on view at Galeri Zilberman

At renovated Iraq shrine, Shiites mark a holy day

Tiffany silver jug in unidentifiable pattern could be the sleeper in Sterling's Dec. 5 auction

Solo exhibition of work by Santa Fe artist Meridel Rubenstein at Brian Gross Fine Art

Olaf Rauh presents new series "Multiscan" at Galerie Richard in Paris

New Guinea works of art from the Jolika Collection to be sold at Christie's in Paris

"Season 12: Garden of Earthly Delights" opens at Stills Gallery in Australia

November 25, 2012

Italian archaeologists discover ancient tombs revealing complex funeral rites in Pakistan

Christie's Hong Kong presents the first Chinese Contemporary ink exhibition titled Beyond Tradition

Photographer David Douglas Duncan's Leica camera snapped up for 1.6 mn euros in Vienna sale

Greek police crack Olympia robbery, recover artefacts after three Greek men offer them

"The Queen: Portraits of a Monarch" opens at The Drawings Gallery in Windsor Castle

"Lawrence Schiller: Marilyn Monroe and Great Moments of the Sixties" at Heather James Fine Art

Comprehensive solo exhibition of works by Anselm Reyle on view at Hamburg's Deichtorhallen

Irreverent, wry & self-referential pop culture works by Funk Art co-founder Robert Arneson at Allan Stone Gallery

Bonhams sets new world record with exquisite Sri Lankan sapphire ring from Van Cleef & Arpels

ZKM Museum of Contemporary Art opens exhibition featuring works donated to its collection

Selling exhibition of recent works by the celebrated American realist painter Jacob Collins opens at Christie's

Greek-born curator Katerina Gregos appointed as the Artistic Director of Art Brussels

Light side of the moon: US Information Agency photo mosaic of the moon on sale at Bonhams

Artvera's in Geneva celebrates a master of lyrical Abstraction: Gérard Schneider

Graffiti finds a new canvas in Paris

The Jewish Museum launches its first Hanukkah app

Anna Borowy opens solo exhibition at janinebeangallery in Berlin

Angeli Sowani's third solo show with Grosvenor Gallery opens in London

MoMA celebrates Italian filmmaker Pier Paolo Pasolini with a comprehensive restrospcetive

November 24, 2012

Highlights from Sotheby's Old Master Paintings and Drawings Sales travel to Hong Kong

Beatles for sale: Tape Decca rejected resurfaces and is being auctioned by the Fame Bureau

Sotheby's Paris announces Impressionist & Modern Art Sale including two masterpieces by Picasso

After four years in the making, first major Francis Bacon exhibition in Australia opens

Internment camp letters, where 110,000 people of Japanese ancestry lived, found in Denver building

Christie's shares remarkable family insights into Djahanguir Riahi, an impassioned collector

Bonhams sets world record of £603,837 for an exceptional Leica Lexus 1 camera from 1930

Oklahoma Art League donates Nellie Shepherd's Lottie to the Oklahoma City Museum of Art

A century of St. Ives art, from 1840 to 1940, goes on show at the Royal Cornwall Museum

Che Guevara: Images of the Revolution - Photographs from the Skrein Photo Collection opens at MdM Rupertinum

Humphrey Ocean: A handbook of modern life opens at the National Portrait Gallery in London

New images of important ancient sites in the Mediterranean by Domingo Milella on view at Brancolini Grimaldi

Record bids for orders and memorabilia from the Tsarist Empire at Hermann Historica oHG

Argentina exhibit combats violence against women

New paintings by Bodil Nielsen on view at Galleri Lars Olsen in Copenhagen

The Royal Academy of Arts wins the Walpole Award for British Cultural Excellence 2012

9.26 Carat GIA D/IF Type IIa diamond highlights Heritage Auctions jewelry event

Mead Carney announces a solo exhibition of work by Italian artist Brigitte Niedermair

Valencian Institute for Modern Art opens retrospective 'The Muses of Juan Ripollés'

November 23, 2012

Frida Kahlo's personal items come out of the closet for new exhibition at Casa Azul

Sotheby's inaugural Auction of Asian and Western Contemporary Art in Asia to be held on 3 December

Christie's London to offer works from the collection of businessman John Schaeffer

David Livingstone exhibition opens at National Museum of Scotland in Edinburgh

Turkey's Culture Minister Ertugrul Gunay wants talks with France on 'stolen' antiques

Christie's announces African and Oceanic Art Sale to be held in Paris on 11 December

"Sam Francis: Works from the 1950s on paper and canvas" on view at Gallery Delaive

Christie's Latin American Sale in May 2013 to include a selection of works donated to the Americas Society

Bill Watterson published Calvin & Hobbes Sunday strip brings world record $203,150 at Heritage Auctions

Rhinoceros horn, furnishings, decorative finery in Michaan's Asian Auction

Boring work: Penn State University wormhole sleuth peeks into ancient beetle history

Gun from Australia's Kelly gang sells for $126,000 at Leski Auctions in Melbourne

Solo exhibition of work by New York artist Robert Sagerman on view at Brian Gross Fine Art

The Jewish Museum continues new exhibition series with Collection Tableaux

Letters and documents from The War of 1812 up for auction in Waddingtons.ca's Decorative Arts Auction

The Dublin City Gallery The Hugh Lane presents a survey exhibition of key works by Lawrence Carroll

Reward offered for stolen California rock carvings

Trash from Everest recycled into sculpture

Rare Carlos Sabrino Cuban painting found at auction

Second chapter of iPad and iPhone app series "Great Photographers" features William Klein

November 22, 2012

Bibliothèque nationale de France examines the life of the Rothschilds in the 19th century

Argentine experts from the Natural Sciences Museum of La Plata find giant penguin fossils in Antarctica

Study delivers new insights into Rembrandt's etching techniques, many printed after his death

Former secretary to Imelda Marcos charged in New York with art conspiracy

"John Bellany: A Passion for Life" retrospective opens at the Scottish National Gallery

Chinese Abstract painter Zao Wou-ki's twilight clouded by family feud over works

Researchers from Brigham Young University unlock ancient Maya secrets with modern soil science

Brooklyn Museum acquires Neoclassical portrait by Colonial Puerto Rican master José Campeche

Auction of rare books at Ketterer Kunst in Hamburg yields 540,000% return on Die Brücke artist catalog

Local collectors donate work by acclaimed sculptor David Smith to Columbus Museum of Art

Lincoln document on sale in Philly for $900,000

Rare Beatles autographs given during a late night card game to be sold at Campbells in December

German Santa car leads the parade of highlights at Bertoia's $2.1M Toybox Treasures auction

Jonathan Prince installs major sculpture at new Broad Art Museum

New sequence of Adam Silverman's highly acclaimed pots on view at Edward Cella Art + Architecture

India Art Fair announces its 5th Edition

Government Auction brings out the luxury goods for Black Friday

El Anatsui sculptural tapestry hung in Bloch Lobby at Nelson-Atkins Museum

Ayyam Gallery to expand into London and Jeddah

Captain Speedy goes to Ethiopia: Travel and Photography Sale at Bonhams includes rare images of empire

November 21, 2012

Pompidou pays tribute to one of the most complex and prolific artists of the 20th century

Archaeologial find debunks "Maya collapse" theory, Dzibanché inhabited until 13th century

Major exhibition of large-scale sculptures by Henry Moore opens at Gagosian in New York

Tel Aviv Museum hides art to protect it from rockets, moved nearly 200 works Friday

Sotheby's Latin American Art Sale totals $19.3 million, six artist records set

Stay tuned to Bonhams for the sale of the Richard Balsbaugh Collection of vintage radios

Sotheby's 19th Century European Paintings Sale in London totals $13.2 million

Qatar Museums Authority's Orientalist Museum opens "The Art of Travel" exhibition

Exquisite works of art from the ancient world, antiquities on offer at Christie's Sale of Antiquities

Saatchi Gallery in London opens its first exhibition of contemporary Russian art

Ancient rock carvings stolen in Sierra Nevada, at least four petroglyphs hacked

Charlie Chaplin hat and cane net more than $62,000 at Bonhams this past weekend

Glasgow Boys masterpiece by Sir James Guthrie acquired by the National Galleries of Scotland

France bans access to 'end of world' refuge

Strong selection of fine writing instruments on the block at Bonhams this December

Sarah Morris' Mechanical Ballet on view at Musée national Fernand Léger, Biot

TEFAF Maastricht debut for six galleries

First major exhibition devoted to Peter Blake in the UK since 2007 opens at Waddington Custot Galleries

Revised statue of John Paul II inaugurated in Rome

Flea market find: $200 sculpture sells for $22,500 at Freeman's

Most Popular Last Seven Days



1.- Image of a Christ without a beard, short hair and wearing a toga unearthed in Spain

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3.- Bonhams sale of 18th century French decorative arts to benefit Fine Arts Museums of San Francisco

4.- Paris flustered by erection of 'sex-toy' sculpture; Paul McCarthy slapped by a passer-by

5.- High art or vile pornography? Marquis de Sade explored in Orsay museum exhibition

6.- 'Cubism: The Leonard A. Lauder Collection' opens at the Metropolitan Museum of Art

7.- Greek culture minister says Elgin Marbles return a matter of 'global heritage'

8.- Vandals deflate Paris 'sex-toy' sculpture by American artist Paul McCarthy after outrage

9.- Exhibition at National Gallery in London explores Rembrandt's final years of painting

10.- 'Hans Memling: A Flemish Renaissance' opens at the Scuderie del Quirinale in Rome



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