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 three years, Christie’s has realised the highest total for sales of Fabergé and Russian works of art each season. In our most recent November 2013 sale, Christie’s works of art sale total was 20% higher than that of our nearest competitor.
With exceptional sales in 2013, Christie’s is also the market leader in 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
Christie’s remains the global leader in the Fabergé market. Since November 2010, we have achieved an unrivaled sales total of over $30 m (£20 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 last year alone. This year our sales of Fabergé have made over twice as much as those of our nearest competitor.
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.