Christie’s Russian Art Sales Results Illustrate a Buoyant Market

Kuzma Petrov-Vodkin (1878-1939) - "Vasya" - Estimate: £250,000-350,000. Sold for £1,833,250. - Photo: Christie's Images Ltd., 2010

LONDON.- The mid-season Russian Art Sale
took
place today at Christie’s and realized £11,935,750 / $17,330,709 /
€14,466,129
selling 76% by lot and 90% by value. The sale had a pre-sale estimate of
£7 to
£10 million. Enthusiasm and excitement for unique objects and paintings
led to a
packed saleroom and to a very high bidding participation throughout the
day.
Christie’s Russian Picture section result 2010 is up by 92% compared to
December
2009 and this season works selling above £100,000 has nearly tripled.

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