Russian Works of Art & Fabergé

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Leading the Market for Works of Art

As global market leader, Christie’s international Russian Works of Art team consistently achieves the highest percentage sold for Russian works of art at the top of the market. Over the last five years, Christie’s has realised the highest total for sales of Fabergé and Russian works of art each season.

In the first half of 2015, Christie’s sold seven of the top ten lots during London and New York Russian Art auctions, including the highlight of our sale in New York and the most expensive work in any Russian works of art sale this season, an Imperial presentation snuff box by Hahn, which sold for $665,000 / £425,600. This year we achieved a sale total that was more nearly 220% higher than that of our nearest competitor in the Russian Works of Art category. We currently hold a 62% share of the global market and we consistently achieve higher sell-through rates than our closest competitor.

Leading the Fabergé Market

Christie’s has a long and successful history of being entrusted with the most important works by Fabergé.

In our recent sales in New York and London, we sold eight of the top ten works by Fabergé offered in the first half of 2015, including the top lot of the Russian Art week in London, a Jewelled Two-Colour Gold-Mounted Guilloché Enamel Desk Clock for £194,500 / $297,390.

This follows our successful sale in November 2013 of a royal collection of Fabergé, which achieved 653% of its low estimate and realised £1,263,550 / $2,046,951.

In November 2007, an important Fabergé egg from the Rothschild family collection sold for £8.9 m ($18.5 m) in Christie’s 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. Our sale of the Imperial Winter Egg realised $9.6 m in April 2002, achieving 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 House Collection.

UPCOMING SALES FROM THIS DEPARTMENT

Monday, 30 November 2015

Important Russian Art

London, King Street

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