Error: 3002 Source: GeoIP.asp line 56: File could not be opened. Sotheby's Evening Auction of Important Russian Art realises $18.3 million
The First Art Newspaper on the Net Established in 1996 Saturday, October 25, 2014


Sotheby's Evening Auction of Important Russian Art realises $18.3 million
Valentin Alexandrovich Serov, Portrait of Praskovia Anatolievna Mamontova. Estimate: £300,000-500,000. Sold for: £1,217,250/$1,951,008. Photo: Sotheby's.
LONDON.- Sotheby’s Evening Auction of Important Russian Art brought £ 11,471,250/$18,386,120, comfortably within pre-sale expectations of £9,040,000-12,840,000. The sale achieved sell-through rates of 89.3% by lot and 84.3% by value, and established six new artist records. Sotheby’s Russian Art sales continue tomorrow with the Russian Paintings Day Sale and the Russian Works of Art, Fabergé & Icons Day Sale.

The top-selling lot of this evening’s auction was Valentin Alexandrovich Serov’s exceptionally rare oil on canvas Portrait of Praskovia Anatolievna Mamontova, which sold for the well-above expectations sum of £1,217,250/$1,951,008 (est. £300,000-500,000), setting a new record for the artist at auction. Three bidders competed for the work, which finally sold to an anonymous buyer in the saleroom. The painting was executed by the artist at the age of just 22 and is one of Serov's earliest finished paintings.

Discussing the results of this evening’s auction, Jo Vickery, Senior Director and Head of Sotheby’s Russian Art Department in London, said:“We are delighted with the results achieved for this evening’s auction. The Russian Art market has become increasingly selective, and by tailoring our auction tonight to current market conditions and offering appropriately estimated, gold-standard artworks by among the most important 19th and 20th century Russian artists, we were able to sell 25 of the 28 lots offered and achieve a total comfortably within expectations. The results achieved this evening are a positive indication of the health of this market.”

The joint second-highest price of tonight’s sale was established by two works:

Vasily Vasilievich Vereshchagin’s magnificent military scene-inspired by the Russo-Turkish war -oil on canvas Transportation of the Wounded, which sold within expectations for £937,250/$1,502,224 against a pre-sale estimate of £800,000-1,200,000. The work is among the largest works by the artist to be offered at auction and has remained in private collections since 1891.

Lado Davidovich Gudiashvili’s 1952 oil on canvas By The Black Stream also sold £937,250/$1,502,224, above its pre-sale estimate of £800,000-1,200,000. This sum realised also established a new record for the artist at auction.

Additional Top-Prices Achieved This Evening Include:

• Ivan Shishkin’s oil on canvas Pine Forest sold for £881,250/$1,412,468 (est. £ 700,000-900,000).

• Highlighting the works in the sale by Ivan Aivazovsky is his 1845 oil on canvas The Galata Tower by Moonlight which brought £825,250 /$1,322,711 (est. £500,000-700,000). This painting is the earliest view of Constantinople by Aivazovsky to appear on the market for over a decade. It was painted after the artist’s very first visit to the city in 1845, when he accompanied the Imperial Navy’s expedition to Asia Minor.

New Artist Records:
• Lot 10
Valentin Alexandrovich Serov
Portrait Of Praskovia Anatolievna Mamontova
Estimate: £300,000 -500,000
Sold for £1,217,250
Previous record: 4,200,000 SEK ($505,609) HAMMER PRICE

• Lot 18
Martiros Sergeevich Saryan
The Poet (On The Foothills Of Aragats)
Estimate: £500,000 -700,000
Sold for £623,650
Previous record: £388,800

• Lot 20
Sergei Yurievich Sudeikin
Russian Winter Carnival
Estimate: £200,000 -300,000
Sold for £601,250
Previous record: £517,500

• Lot 23
Lado Davidovich Gudiashvili
By The Black Stream
Estimate: £600,000 -800,000
Sold for £937,250
Previous record: £580,500

•Lot 26
Aleksandr Nikolaevich Samokhvalov
The Field Workers A. Fedorova And A. Egorova
Estimate: £120,000 -180,000
Sold for £361,250
Previous record: £91,038

•Lot 29
Dmitri Nalbandian
Daisies
Estimate: £80,000 -120,000
Sold for £175,250
Previous record: $79,000

New Benchmark For Artist Whose Previous Two Works Offered At Auction Were Unsold:

•Lot 27
Nikolai Alexandrovich Zagrekov
Rhythm Of Labour
Estimate: £300,000 -500,000
Sold for £301,250





Today's News

November 27, 2012

Boris Kustodiev's "The Coachman" realises $7 million, setting an auction record for the artist

Three highly important works on paper by Egon Schiele to be offered at Sotheby's London

Special exhibition tells story of how African artifacts were first recognized as art in U.S.

Sotheby's Evening Auction of Important Russian Art realises $18.3 million

Fine art auction at Ketterer Kunst in Munich: New buyers of Old Master paintings

Toi Moko leaves Montreal museum to return to its ancestral home of New Zealand

First Survey of Max Weber in 20 years on view at the Philbrook Museum of Art in Tulsa

Auction at Villa Grisebach to establish Max Beckmann Distinguished Visitorship

First show devoted exclusively to the works on paper of Kikuo Saito opens at Jill Newhouse Gallery

Amy-Blue...portrait of Amy Winehouse acquired by National Portrait Gallery in London

Tomás Saraceno is back to surprise us with his "suspended" art at HangarBicocca in Milan

Drop Dead Gorgeous: The latest body of work by Marylyn Dintenfass at Driscoll Babcock Galleries

Leo Villareal installation is tribute to the late Cornell astronomy professor Carl Sagan

Bonhams to sell aeroplane that featured in Oscar-winning Hollywood blockbuster "Out of Africa"

Two crowns by famous artist stolen from Argentine church

New Work Miami 2013 exhibition celebrates the city's artists

A purple beast, an aquarium, a dinosaur and more spring off the pages in Pop-Up! Illustration in 3D

5th Kinetica Art Fair returns in February 2013 at Ambika P3

Exhibition from the Collection of the Irish Museum of Modern Art to officially open the Luan Gallery, Athlone

Most Popular Last Seven Days



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

2.- Giant mosaic unearthed in mysterious tomb in Amphipolis in northern Macedonia

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



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 Ramírez - 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