Russian Pictures

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A Portrait of the Russian Art Market Today
Russian Art continues to be one of the most dynamic areas of the international art market. The continuing strength of this market was evident in 2011, during the course of which the three highest prices for any paintings ever sold in a Russian sale by an international auction house were established. Christie’s led the market with the sale of Ilya Repin’s magnificent A Parisian Café in June 2011, which realised £4,521,250 ($7,396,123). Not just a world auction record for the artist, it is also a record for any 19th Century Russian picture ever sold.

The most recent sales (Russian Sale Week 2011, London) saw Christie’s achieve market share over all competitors. Our sale was led by Vasily Vereshchagin’s A Crucifixion by the Romans, offered from the Brooklyn Museum, New York to benefit their acquisitions fund. This monumental painting, the second masterpiece by the artist to be offered by Christie’s on behalf on an American institution, inspired wide international interest and was eventually sold for £1.7 million following competitive bidding. The subject of substantial media attention, Christie’s sale attracted a significant number of new clients from across the globe. A packed saleroom gathered on 28 November to bear witness as we broke three major artist world records in less than hour with Viktor Vasnetsov’s The Bogatyr (£1,105,250), Maria Iakunchikova’s From a window of the old house, Vvedenskoe (£690,850) and Ivan Pokhitonov’s Sur la plage (£409,250).

Consistently successful, Christie’s established new auction records in every Russian sale held in 2011 internationally, across a range of genres. Further excellent prices achieved in 2011 include $1,314,500 for Boris Grigoriev’s Les Enfants; £713,250 for Konstantin Somov’s The Boxer, £457,250 for Marie Vassilieff’s The dance and £337,250 for Alexander Volkov’s Kok-Su mountain river.

A New Era
The record-breaking sale of Ivan Aivazovsky’s St Isaac’s on a Frosty Day for £1,100,000 ($2,083,796) in November 2004 marked the beginning of a new era for Russian art at auction. Since then, outstanding and record prices for Russian artists have been established, broken and reset with regularity at Christie's: February 2010, Natalia Goncharova’s Espagnole realised a world record-price of £6,425,250 ($10,247,607), the highest price ever achieved for a female artist at auction; June 2010, Kuzma Petrov-Vodkin's Vasya realised a world record-price of £1,833,250 ($2,650,239). This important picture had been hidden in private ownership for over 70 years until its highly-publicised appearance at Christie’s; November 2010, Petr Konchalovsky’s classic Cézannist oil of 1908 Versailles, l’allée sold for £881,250 ($1,370,741). As the results for 2011 demonstrate, the powerful demand for important paintings from private collection shows no sign of abating.

Christie's currently holds world-record auction prices for exceptional artists including Ivan Aivazovsky, Viktor Vasnetsov, Konstantin Somov, Isaak Levitan, Ivan Shishkin, Ilya Repin, Ivan Pokhitonov, Yuri Annenkov, Vladimir Baranoff-Rossiné, Alexander Iacovleff, Filipp Maliavin and Kuzma Petrov-Vodkin.

Christie’s Expertise
Christie’s international Russian department has over 130 years of specialist experience and, with specialists based in London, New York and Paris, we offer a calendar of major sales throughout the year, in April, June and November. Our Russian & CIS Client Liaisons are happy to provide personalized assistance to guide our Russian speaking clients through every aspect of the auction process. Their contact details can be accessed by clicking here.

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