Russian Turn-Of-Century Paintings To Be Put Up For Sale at Sotheby’s

RUSSIAN TURN-OF-CENTURY PAINTINGS TO BE PUT UP FOR SALE AT SOTHEBY’S

RIA Novosti
20/04/2005

MOSCOW, April 20 (RIA Novosti) – Sotheby’s holds an important auction
in New York tomorrow, with Russian classical paintings of the late
19th and early 20th centuries up for sale, Novye Izvestia daily
reports.

At Christie’s December 2004 auction in London, Ivan Aivazovsky’s
painting “St. Isaac’s Cathedral on a Frosty Day” went off for as much
as 1.125 million pounds (equivalent to about 2 million dollars).

Last February, Russian businessman Viktor Vekselberg bought, through
Sotheby’s, the Forbes collection of Faberge eggs. In an unprecedented
move, Sotheby’s cancelled the auctioning session to sell him the
entire collection at over 90 million dollars.

Alongside paintings, tomorrow’s auction in NYC will also feature
several decorative items, including Faberges.

Konstantin Makovsky’s four-meter oil-on-canvas painting “The Judgement
of Paris” may fetch a record-high price. It shows three ancient
deities vying for the right to be called the premier beauty. This
picture was exhibited at the World Expo in Paris in 1889, and earned
Makovsky a gold medal and the Legion d’Honneur. The initial price is
1.1 million dollars. Sotheby’s hopes to sell the canvas off at a
double of that, thus breaking Aivazovsky’s record.

The famous Russian seascapist will again be in the spotlight
tomorrow. Seven of his paintings will be offered for sale at the New
York auction.

There will also be a picture by Zinaida Serebryakova, one showing
ballerina Vera Fokina. This work is expected to fetch at least thrice
as much as the initial price, $300,000.

Even if Makovsky’s painting isn’t sold off, the proceeds of tomorrow’s
auction will be record-high.

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