Russian Pictures

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A Portrait of the Russian Art Market Today
The continuing strength of the Russian art market was demonstrated in May 2011 when Christie’s established four new auction records for Russian artists (Léon Bakst, Orest Kiprensky, Aleksandr Villeval’de and Klavdii Lebedev), and was confirmed by the November 2012 sale which totaled £15,244,725, an 18% increase on the previous year. This sale was led by Boris Kustodiev’s The Coachman, which sold for £4,409,250 against a pre-sale estimate of £1.5-2 million. It achieved the highest price for a Russian painting sold in 2012, as well as the second highest price for any painting ever sold in a Russian sale by an international auction house. Exceptional works from the prestigious collections of the Nobel laureate Peter Kapitza, the descendants of Maria Iakunchikova and the family of Sergei Chekhonin were all 100% sold.

2012 built on the success of 2011 with three highest prices established for any painting ever sold in a Russian sale by an international auction house: Christie’s led the market with Ilya Repin’s magnificent A Parisian Café in June 2011, which realised £4,521,250 ($7,396,123). A Parisian Café also established a world auction record for the artist and the record for any 19th Century Russian picture ever sold.

The calibre of Christie’s Russian Art sales continues to ensure its appeal to international clients: over the past 3 years, clients from over 50 different countries have participated in our sales. Consistently successful, Christie’s established new auction records in every Russian sale held internationally. Excellent prices achieved recently include £1,105,250 for Viktor Vasnetsov’s A bogatyr, $1,314,500 for Boris Grigoriev’s Les Enfants; £937,250 for Léon Bakst’s The Yellow Sultana, £713,250 for Konstantin Somov’s The Boxer, £713,250 for Orest Kiprensky’s Portrait of Prince Mikhail Alexandrovich Galitzine and £457,250 for Marie Vassilieff’s The dance.

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. 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 and 2012 demonstrate, the powerful demand for important paintings from private collection shows no sign of abating.

Christie's currently holds world-record auction prices for over 20 exceptional Russian artists including Natalia Goncharova, Boris Kustodiev, Léon Bakst, 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 collective 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 personalised assistance to guide our Russian-speaking clients through the auction process.

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