£9.28m painting spikes at Christie's Russian sale; Kiefer sets new $3.99m record in China; Sotheby's stock continues to fall in hard hit equity market; Heffel's $16.5m Spring saleThis commentary by Marion Maneker is available to AMMpro subscribers. (The first month of AMMpro is free and subscribers are welcome to sign up for the first month and cancel before they are billed.)
Petrov-Vodkin Painting Sells for £9.28m at Christie’sChristie’s Russian Art sale in London made £16.1m ($20.4m) with 75% of the 330 lots offered finding buyers. The top four lots were paintings by Ivan Shishkin, Pavel Tchelitchew, Aleksandr Deineka and Kuzma Petrov-Vodkin. The last two of these, Deineka and the Petrov-Vodkin, posted big numbers. £419,250 over a £300k high estimate for Deineka; Petrov-Vodkin’s work made an astonishing £9.28m over a £1.5m high estimate.
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