Mother And Child – Boris Grigoriev
Sotheby’s November 2nd sale of Russian art was a success in spite of the global economic crisis. Sales totaled $13.8 million, effectively doubling presale estimates of $6-9 million. Boris Grigoriev’s portrait of Mother and Child was the top lot, selling for $1,370,500. Konstantin Korovin’s “At the Window” and a miniature portrait of Peter the Great encrusted with diamonds – one of six rare 18th century awards – also exceeded expectations, selling for $1,178,000 and $1,314,500 respectively. The sale is an encouraging indicator of a growing sense of security among buyers. With luck, Sotheby’s Russian Art Evening sale tomorrow will further establish a rebound in the Russian art market.