Leading the Market for Works of Art
As global market leader, Christie’s international Russian Works of Art team consistently achieves the highest prices and percentage sold for Russian works of art at the top of the market. In our most recent blockbuster June 2014 sale, we again surpassed all our competitors.
Christie’s consistently leads the market by offering the strongest private collections of Russian works of art at auction. Our June sale was led by a magnificent pair of vases by the Imperial Porcelain Factory sold by a European Nobel Family that realised £662,500/$1,109,025, more than doubling their estimate. The June sale also featured an expertly curated selection of porcelain from a Private European Collector that achieved £1,270,075/$2,157,875, an impressive 274% of low estimate. Our focus on quality in all categories was further highlighted by a collection of Russian silver that achieved 284% of its low estimate in June. Christie’s also leads the dynamic field of Soviet porcelain. Our November 2013 sale included a Rare Soviet Porcelain Vase, which sold for £422,500/$684,450 and set a new world record for a piece of Soviet porcelain. This impressive result built on our sale of the Avis Collection of Soviet Porcelain, which was 100% sold and achieved 307% of its low estimate in June 2013.
Leading the Fabergé Market
Since November 2010, we have achieved an unrivaled sales total of $35 m (£20.5 m) for works by Fabergé. In 2013, we continued to lead the Fabergé category internationally, securing 71% of the Fabergé market over our nearest competitor and achieving a 16% increase in value on the previous year alone.
Entrusted with the most important collections, our November 2013 sale was highlighted by a Royal collection of Fabergé which achieved 653% of its low estimate and realised £1,263,550/$2,046,951. We also sold eight of the top ten works by Fabergé during Russian sale week in November. In April 2013, in New York, Christie’s sold the top work of Russian sale week, an Important Imperial Presentation Vase with mounts by Fabergé for $483,750. In June 2013 Christie’s London again sold the top lot of the week, an Important Purpurine Box by Fabergé for £481,875/$733,414.
Christie's has had a long and successful history of selling works by Fabergé. In November 2007, an important Fabergé egg from the Rothschild family collection sold for £8.9 m ($18.5 m) in our Russian Works of Art sale in London. This sale established world auction records for a Russian work of art, a work by Fabergé and a timepiece. Christie’s sale of the Imperial Winter Egg realised $9.6 m in April 2002. It achieved the second highest price for a Russian work of art sold at auction and the second highest auction record for a work by Fabergé. Christie’s has also been entrusted with the sale of works by Fabergé from some of the most distinguished collections in the world, including The Collection of H.R.H The Princess Margaret, The Collection of King George of the Hellenes, The Forbes Collection, The Kazan Collection, The di Portanova Collection and The Harewood Collection. In April 2013, Christie’s offered over 30 lots of Fabergé, Imperial porcelain and silver from a Distinguished Midwest Private Collection, which totalled $2.29 m against a pre-sale low estimate of $1.23 m.