Wed Apr 18, 2007 5:56PM EDT
NEW YORK, April 18 (Reuters Life!) - Sotheby's modern and contemporary Russian art sale surpassed expectations and broke several records in New York, with total sales of over $50 million, the auction house said on Wednesday.
The two-day sale, which featured 526 lots of art pieces and 19th- and 20th-century paintings, was estimated to total $48.5 million.
"We are absolutely thrilled with the results of the two-day sale which totaled nearly as much as our last, record-breaking sale, but with more than 200 less lots, reinforcing the fact that collectors are looking for top-quality works across all categories," said Sonya Bekkerman and Gerard Hill, Sotheby's experts in Russian paintings and decorative art, in a statement.
Among the standout works were Mikhail Nesterov's "Vision of St. Sergius When a Child," an oil-in-canvas painting from 1922, which was the top seller at $4.3 million, well above its estimate of $2 million.
A rare Faberge gold and enamel miniature empire-style armchair fetched $2.3 million, which exceeded its estimate.
The third-annual Russian art sale by Sotheby's follows in the footsteps of last year's sale, which sold a record-breaking $46.7 million in Russian art in New York.
Source : http://www.reuters.com/article/gc08/idUSN1829726620070418
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