The much anticipated first day of Russian Art Week 2019 has successfully launched with the first of its major auctions. The first event of the week concluded in the mid afternoon after a lively auction and 105 out of 145 lots sold in the fine art portion of the sale.
The first auction of the week “Russian Art” was held today in London at 10:30AM by Christie’s auction house and featured a number of wonderful lots from great Russian masters to lesser known, yet brilliant artists. It featured painting, works on paper and various objects of art including porcelain and Jewellery. 145 out of 387 featured lots today were pictures. Among the featured painters were artists like Kuzma Petrov-Vodkin, Konstantin Makovsky, Ivan Shishkin, Pavel Tchelitchew, David Burliuk and Alexander Deineka.
Against expectations, some of the featured sale highlights, such as Lot 89 (Le Pouliguen by Boris Grigoriev), Lot 80 (Reclining nude by Konstantin Makovsky) and Lot 91 (Kozak Batyi by David Burliuk) remained unsold. However, Lot 84 (Still life with lilac by Kuzma Petrov-Vodkin) wildly exceeded all expectations by fetching a handsome £9,286,250 compared to its modest estimate of just £1–1,5m. There was also a significant number of works by Sergei Chekhonin, all of which sold with the exception of Lot 10 (A hunting dog; A piper; and Two studies of trees) which failed to find a new home.
Although the auction featured a number of lovely costume designs, portraits and landscapes, it was the still lives, Lot 84 (Still life with lilac by Kuzma Petrov-Vodkin) and Lot 87 (Still life with phlox by Alexander Deineka), which dominated the sale today.
In light of several modest estimates, variety and quality of presented lots — the Russian Art Week 2019 is a spectacular investment opportunity, a great chance to replenish your personal collection and a wonderful opportunity to discover the current trends and fancies at the Russian Art Market.
RA Gallery will continue to report the results of the upcoming auctions and publish the full lists of all auction results including lot numbers and prices in British pounds, rounded to the nearest British pound at the end of the week.