Sotheby's important Russian art evening auction brings £5.6/$8.7 million

"This evening, Sotheby’s Important Russian Art auction which was exceptionally well-attended brought £5,597,000/$8,657,999 (est. £5,755,000-8,415,000). The sale achieved sellthrough rates of 66.7% by lot and 74.6% by value, and established two new artist records for Alexander Golovin and Pavel Kovalevsky.

The top-selling lot of this evening’s auction was Petr Konchalovsky’s exceptionally rare, pre-revolutionary painting Tatar Still Life, dated 1916. The painting saw competition from 5 bidders and realised the above-estimate sum of £914,850/$1,415,181 (est. £500,000-700,000)."  [Read Full Article]

Published by:  Artdaily.org
On:  11/30/11
Website:  http://www.artdaily.org

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