Art Market Monitor

Global Coverage ~ Unique Analysis

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

Christie's Top Russian Art Sales

June 8, 2010 by

Of the 56 paintings offered in today’s Russian art sale at Christie’s, 42 sold for a total of £8,021,750. The session benefited from the stellar performance of Konstantin Korovin’s market: Three of the five Korovins offered sold above estimate, including Roses and apples—the cover lot of the sale—which more than quintupled its estimate, selling for a final price of £937,250. In total, the Korovins sold brought £1,366,000, 17% of the sale’s total gross. Korovin’s average price so far this year is $302,682, which is twice as high as his average price in 2009 (for more on Russian artists’ average prices, see the latest edition of The ART Report).

But the biggest news of the sale is the record-breaking performance of Kuz’ma Sergeevich Petrov-Vodkin’s Vasya. The work more than quadrupled its high estimate, selling for £1,833,250, the top price of the auction and a new high for the artist. Petrov-Vodkin’s works are rare to the market (only six appeared at Christie’s, Sotheby’s and MacDougall’s between 2005 and 2009), but this is not the only major sale of a  Pretov-Vodkin in recent memory: Last June, the artist’s Maternity brought £1,071,638 at MacDougall’s.

For more on analysis of the Russian art market, see the Russian edition of The ART Report.

[wpsc_products product_id=’7′]

More from Art Market Monitor

  • Where Have All the Oligarchs Gone?Where Have All the Oligarchs Gone?
  • Underneath the Hockney Record Price, a Market Barely Keeping UpUnderneath the Hockney Record Price, a Market Barely Keeping Up
  • Is John Currin’s Work About Taste?Is John Currin’s Work About Taste?
  • The Crichton CollectionThe Crichton Collection
  • Jerry Hall Sells Freud & WarholJerry Hall Sells Freud & Warhol
  • Rupert Murdoch Tweets for Art.syRupert Murdoch Tweets for Art.sy

Filed Under: General

LiveArt

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

  • 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
 

Loading Comments...