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Russian art sale hauls in $15 mln for Sotheby’s

Published time: May 29, 2012 12:07
Edited time: May 29, 2012 17:39
Fragment of Natalia Goncharova painting Still Life (Bluebells) that sold for $4 mln at Sotheby's at Important Russian Art Sale

Fragment of Natalia Goncharova painting Still Life (Bluebells) that sold for $4 mln at Sotheby's at Important Russian Art Sale

Bells of success rang for Russian art last night as a painting by artist Natalia Goncharova, Still Life (Bluebells) sold at Sotheby’s for a jaw-dropping $4.6 million, leading the sale. Altogether, the auction brought the house $15.8 million.

Goncharova’s Bluebells became the top-selling lot, purchased by an unknown bidder over the phone. The painting is a rare example of the avant-garde artist’s early work.

Vasily Vereshchagin’s The Spy became the second priciest work in the sale. According to Art Daily, three bidders fought for the painting, which finally sold for $1,650,000.

Sotheby’s will continue its Important Russian Art sale through the week, with more paintings and other works of art including Faberge jewelry and icons going under the hammer.

Jo Vickery, Senior Director and Head of Sotheby’s Russian Art Department in London says the sale is proving a huge success.

“We are very pleased with the overall total of £10 million for this … sale. 12 per cent of buyers in the auction were new to Sotheby’s and with successful bids from the UK, the CIS, the rest of Europe, the US, and even Asia, we are also happy with the depth of buying.”

The auction also saw records set for the sales of various artists’ works. Soldiers Bivouacking in a Village by Adolf Ladurner sold for $171,555; Aleksandr Makovsky’s Market Day in Plyos sold for $341,148; Mikhail Vrubel’s The Tsar of the Sea earned $359,991 and Aleksandr Gerasimov’s Still Life With Roses sold for $567,271.

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