Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Russian Art Bounces Back at Sotheby's

November 3, 2009 by Marion Maneker

The decline of the Russian economy has led Sotheby’s to drastically reduce their Fall sales of Russian art and works of art. They even tucked them quietly into the slot right before the marquee sales of Impressionist and Modern art. But the Russian market has some surprises left. Yesterday, the sale that was estimated between $6 and $9 million wound up taking in $13.8m. That’s a strong showing. Here’s RIA Novosti with the noteworthy lots:

  • Grigoriev
  • The auction’s top lot was Mother and Child by Russian modernist painter Boris Grigoryev (1886-1939), which went for about $1.37 million, more than twice its pre-sale estimate
  • Award portraitPeter the Great: a rare Russian Award Portrait Miniature with Diamonds, which fetched over $1.3 million with an estimate of only $80,000-120,000.
  • KorovinA painting by another famous Russian modernist, Konstantin Korovin (1861-1939), was sold for a surprising $1.178 million with an estimate of only $600,000-800,000. The artist painted the portrait of his wife and son in 1918, and it was part of a private collection in Germany.
  • Among the other Grigoryev’s paintings that doubled the estimates were Faces of Russia, sold for $986,500, and Pont-Aven, Evening, which fetched $890,500.

Russian Art Fetches Surprising $13.8mln at Sotheby’s (RIANovosti)

More from Art Market Monitor

  • Elton John's Very Private GalleryElton John's Very Private Gallery
  • Getting a Guercino Its Bona Fides at PrincetonGetting a Guercino Its Bona Fides at Princeton
  • Phillips’s New Strategy: £100m London HQ = Low Cost CompetitorPhillips’s New Strategy: £100m London HQ = Low Cost Competitor
  • Famous NamesFamous Names
  • David Nahmad Talks His BookDavid Nahmad Talks His Book
  • David Norman Talks Picasso with the FTDavid Norman Talks Picasso with the FT

Filed Under: Auction Results

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Tony Podesta's Secret Art Buying
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • How to Chant Like an Auctioneer
  • Basquiat's Last Girlfriend
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor