Sale of important Russian art at Sotheby’s New York brings $17,636,500

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NEW YORK, N.Y.- Sotheby’s auction of Important Russian Art brought $17,636,500 in New York, with five works selling for more than $1 million and three works exceeding $3 million. The auction was led by Natalia Goncharova’s Street in Moscow, which sparked an intense competition between bidders both in the room and on the phone that propelled the work to achieve $6,354,500 – more than four times its high estimate of $1.5 million, and the new highest price for a painting in any Russian Art sale at Sotheby’s worldwide. The sale was also highlighted by works from two American institutions: Vasili Vasilievich Vereshchagin’s monumental Pearl Mosque at Delhi, on offer from the Museum of Fine Arts, Boston (MFA), brought $3,106,500 (est. $3/5 million), while a group of three works by Nicolai Fechin, on offer from the National Cowboy & Western Heritage Museum in Oklahoma, sold for $3,983,500 in