Sotheby's raises more than $12 mln from Russian art sales
Most of these revenues were raised from the sale of paintings
LONDON, June 6. /TASS/. The revenues of the Sotheby's auction house at the auction of items of Russian and Soviet art held on June 5 exceeded 9 mln pounds ($12 mln), a representative with auction house told a TASS correspondent on Wednesday.
The sales took part as part of traditional Russian week, which is held in London twice a year - in May-June and November-December.
Sotheby's raised most of these revenues from the sale of paintings - 6.9 mln pounds ($9.2 mln).
Harlequin (1922), a painting by Alexander Yakovlev (1887-1938) became the most expensive lot. The canvas was sold for 730,000 pounds ($975,000), which is more than four times higher than its original price.
However, the Secret of Temptation a painting by Kazimir Malevich (1879-1935) with the portrait of artist Ivan Klyun on the back, was not sold. The watercolor, estimated at 250-350,000 pounds ($330,000-465,000), was one of the main lots of the Russian week.
Sotheby's also raised 2 mln pounds (about $3 mln) selling items of decorative and applied art.
Alongside with Sotheby's auction houses Christie's, MacDougall’s and Bonhams also take part in the Russian Week in London.