News-Antique.com - May 24,2009 - Below are the results from some of the most successful art auctions of April 2009. From these results we can see that the art market continues to show signs of strength and optimism. The results of the Russian and Asian art sales are particularly pleasing and have been successful enough to suggest that the market for Russian and Asian works is as strong as it has ever been albeit slightly more discriminating. Asian buyers were the dominant force in all the Asian art sales with works from all period and all periods of Asia attracting plenty of interest. Another stand out sale was the auction of the collection of GIORGIO SOAVI by Sotheby’s Milan which again proved that works with excellent provenance that are fresh to market and are from private collections continue to be highly desirable. The Russian sales indicated that works by Svetoslav Roerich and Nicholas Roerich are in demand while the Asian sales indicated that works by Lin Fengmian and Indonesian artist I Nyoman Masriadi are highly desirable.
Christie’s Russian Art Sale
New York – Friday, April 24, 2009
Sold: $13,225,125 £8,996,683 €10,019,034
Lots Sold: 269 Lots Offered: 390 Sold by Lot: 69% Sold by $: 80%
lot 313: Svetoslav Roerich
‘Portrait of Nicholas Roerich in a Tibetan Robe’ 1933
WORLD AUCTION RECORD FOR THE ARTIST
Estimate: US$900,000 – 1,100,000
Purchase Price: US$2,994,500
lot 312: Nicholas Roerich
‘The Greatest and Holiest of Tangla’ from the ‘Shambhala series, 1929
Estimate: US$300,000 – 500,000
Purchase Price: US$1,426,500
lot 317A: Nicholas Roerich
‘Sharugon Monastery, Tibet’
Estimate: US$40,000 – 60,000
Purchase Price: $242,500
lot 329: Pavel Tchelitchew
‘Portrait of Edlji Dinshaw’
Estimate: US$80,000 – 120,000
Purchase Price: US$230,500
289 Robert Falk
‘Landscape with stones’ 1911
Estimate: US$100,000 – 150,000
Purchase Price: US$218,500
Sotheby’s Milan GIORGIO SOAVI COLLEZIONISTA Sale
21 Aprile 2009
Grand Total (Including Buyer’s Premium): 2,283,500 EUR
Sold by Value: 90.0 %
Lots Offered: 149
Sold by Lot:94.0 %
Lots Sold/Unsold:
140 / 9 of 149
Lot 22: Alberto Giacometti
‘Giorgio Soavi’ 1963
Estimate: 400,000-600,000 Euro
Purchase Price: 600,750 Euro
Lot 119: Giuliano Vangi
‘Senza titolo’, terracotta, 1986
Estimate: 4000-6000 Euro
Purchase Price: 66,750
Lot 67: Gianfranco Ferroni
‘Natura morta con panneggio’ 1983-84
Estimate: 4,000 – 6,000 Euro
Purchase Price: 39,150 Euro
Lot 40: Graham Sutherland
‘Senza titolo’ 1973
Estimate: 8,000 – 10,000 Euro
Purchase Price: 31,950 Euro
Lot 69: Gianfranco Ferroni
‘Grande natura morta’ 1982 (244)
Estimate: 5,000 – 7,000 Euro
Purchase Price: 31,950
Lot 146: Luciano Ventrone
‘Autunno’ 1991
Estimate: 3,000 – 4,000 Euro
Purchase Price: 31,950
Christie’s
International Modern and Contemporary Art
Dubai – Wednesday, 29 April 2009
Sale no: 7802
Lot 26: Parviz Tanavoli (Iranian, b. 1937)
‘The Wall and the Script’ 2007
Estimate: US$120,000-180,000
Purchase Price: US$218,500
