Both Sotheby’s and Christie’s will be hosting substantial sales of Russian Art later this week. Sotheby’s offering is a mÃ©lange of 359 lots from several collections, including actress Ruth Ford’s, featuring paintings by Pavel Tscelitchew as well as works by Faberge. Over at Christie’s the highlight will be Konstantin Makovsky’s “In From A Stroll,” with an estimate of $400,000-$600,000.
By 2008, before the bubble burst, sales of Russian art over $1,000,000 were not unusual. Since then, however, a work by Makovsky hasn’t sold for above $200,000, thus Christie’s estimate indicates a substantial recovery.
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