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Russian Art Market Update

Christie’s dominates the global market for Russian Art, holding regular specialised sales in London and New York that are unparalleled in quality and scholarship.

Christie’s June 2015 sale was led by Georgian artist Niko Pirosmani's masterpiece, Arsenal Hill at night. Strong results were also achieved for artists as varied as Bogomazov, Maliavin and Shishkin with Orientalist works performing particularly well. In 2014 Christie’s sold over £45 million of Russian Art and established a new world record of £9.3 million for the most expensive painting sold in a Russian Art Sale. Eight paintings broke the £1 million barrier, with emerging and established collectors fighting for works fresh to the auction block.

Leading the Market for Russian Art

Christie’s sold the top three Russian Art lots of 2014 with Valentin Serov’s Portrait of Maria Zetlin, which sold for £9.3 million, Yuri Annenkov’s Portrait of Aleksandr Tikhonov, which sold for £4 million, and Vasily Vereshchagin’s The Pearl Mosque at Agra, which sold for £3.7 million. All of these works established new world records for the artists at auction.

Christie’s reputation for selling high quality Russian Art from distinguished private collections continues to drive this buoyant and dynamic market.

Exceptional Results: Our Commitment to Consignors

Christie’s Russian Art sales have achieved the highest selling-rates across the houses for the last ten consecutive seasons; consignors are more likely to sell their works successfully with Christie’s than with any other auction house.

Since 2004, Christie’s has achieved new world auction records for Russian artists in every single Russian Art sale. We have broken 13 world records, three in excess of £4 million, within the past two years and currently hold world-record auction prices for over 50 of the foremost Russian artists including Goncharova, Kustodiev, Lentulov, Vasnetsov, Filonov, Vereshchagin, Borovikovsky, Somov, Levitan, Mashkov, Repin, Pokhitonov, Annenkov, Baranoff-Rossiné and Iacovleff.

Unrivalled Expertise and Outstanding Provenance

Many of the phenomenal prices have been achieved for works with distinguished provenance supported by extensive research. At Christie’s we specialise in sourcing privately-owned pictures, often from the families of the artists themselves. We have recently offered works by Richard Zommer from St Clair Usher Cunningham collection (100% sold June 2015 for 166% of the low estimates) as well as works from the families of Maria Iakunchikova (100% sold June and November 2013 for 514% of the low estimate), Sergei Chekhonin (100% sold in November 2012 for 423% of the low estimate) and Léon Indenbaum (100% sold in sold June and November 2013 for 286 % of the low estimate).

Christie’s Expertise

Christie’s international Russian department has over 130 years of collective specialist experience and with specialists based in London, New York and Paris, we offer a calendar of major sales throughout the year, in May, June and November. We travel across the globe to source the finest works for sale; for professional advice on building your collection or a confidential valuation, please do not hesitate to contact a member of our team.







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Full Auction Calendar