Christie's Russian Art ~ Sale Results Christie's sale of Russian Art in New York far exceeded its pre-sale estimate with a total of $17,595,738/ £8,931,847/ €11,136,543, and was 86% sold by both lot and value.
News-Antique.com - Apr 22,2008 - Christie's sale of Russian Art in New York far exceeded its pre-sale estimate with a total of $17,595,738/ £8,931,847/ €11,136,543, and was 86% sold by both lot and value. The top lot of the sale, Ivan Ivanovich Shishkin's The Forest Clearing, also set a world auction record at $3,177,000.
New York – Friday, April 18, 2008
Sale no: 1989 – Top Ten
[All sold prices include buyer’s premium]
Sold: $17,595,738 £8,931,847 €11,136,543
Lots Sold: 253 Lots Offered: 294 Sold by Lot: 86% Sold by $: 86%
Exchange Rate: £ = $1.97 / € = $1.58
16 Ivan Ivanovich Shishkin, The Forest Clearing, 1896
WORLD AUCTION RECORD FOR THE ARTIST 1,000,000 -
A silver-gilt and cloisonné enamel punch set, marked P. Ovchinnikov with Imperial warrant, 1896-1908 200,000 –
64 Nikolai Konstantinovich Rerikh [Roerich], Heat of the Earth, 1918
94 A silver-gilt and cloisonné enamel vodka set, marked Ovchinnikov with Imperial warrant, initials of Feodor Rückert, Moscow, 1896-1908 70,000-
37 Aleksandr Evgen’evich Iakovlev, Portrait of a Chinese Merchant 120,000-
James Hastie, Head of Department, Russian Art, comments, “We are extremely pleased with the result of today’s auction which exceeded our pre-sale estimate. Christie’s concluded Russian Art Week in New York by selling the season’s most valuable painting, Ivan Ivanovich Shishkin, which realized a world record for the artist at $3,177,000, and valuable work of art, a silver-gilt and enamel punch set by P. Ovchinnikov, which made $959,400. The collection of works by Nikolai Konstantinovich Roerich from the Rose Art Museum sold well above the pre-sale estimates, totaling $2,023,650. World Record prices were realized for Grigory Gluckmann and Mikhail Ivanovich Skotti.”
Mark Moehrke, Specialist, Russian Works of Art, adds, “Maintaining our policy of offering the highest quality works of art, a strong selection of Moscow enamels set record prices, highlighted by a silver-gilt and cloisonné enamel vodka set by Feodor Rűckert for Ovchinnikov, which sold for $735,400 and silver-gilt and cloisonné enamel kovsh by Feodor Rűckert for Fabergé which sold for $457,000. Leading the selection of Fabergé was an unusually large jeweled carved nephrite elephant, which realized $601,000.”