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2024: For the first time, the Russian auction managed to reach an annual turnover of ₽1 billion
In January-November 2024, the total turnover of the Russian auction holding exceeded ₽1 billion. A significant event was the sale of Ivan Shishkin's painting "A Girl in a Pine Forest" for ₽85 million at a starting price of ₽78 million.
A new auction will take place from mid-December 2024. Its main exhibit will be the landscape of Ivan Aivazovsky "Galat Tower in the Moonlight" with a starting price of ₽150 million. Konstantin Korovin's Nocturne will also be put up for auction for ₽85 million and the Persian sketch of Ilya Repin for ₽60 million.
The co-founder of the holding, Fedor Svetlakov, stressed that for the first time the domestic site managed to achieve a turnover comparable to the performance of the Big Four auction houses - Sotheby's, Christie's, Bonhams and MacDougall's.
The association of Russian auction houses was created on the basis of the St. Petersburg Auction House and the Auction House of the Graphics Collectors Club. It was also joined by the St. Petersburg Book Auction, as well as the St. Petersburg Philatelic Auction and the St. Petersburg Numismatist Auction.
According to RBC, the co-founder of the holding, Alexander Popov, described the average client as a top manager or entrepreneur for about 35 years with assets of $10-15 million. The greatest demand is the work of Shishkin, Aivazovsky, Korovin, Repin, Alexei Savrasov, Nikolai Roerich, as well as Soviet nonconformists - Ernst Neizvestny, Oleg Tselkov and Dmitry Plavinsky.
For comparison, the total sales Sotheby's in 2023 amounted to $8 billion, but in August 2024 the company recorded a decrease in profit by 88% and a decrease in sales by 25% due to a decline in the art market.[1]
2023: Establishing a company
On November 20, 2023, it was announced the creation of an auction holding in Russia, which should become an analogue of the "Russian trading" Christie's and Sotheby's. The new organization merged the Moscow Auction House, the Auction House of the Graphics Collectors Club and the St. Petersburg Auction House.
According to RBC, the co-founders of the structure were the creator and administrative director of the Research Independent Examination named after P.M. Tretyakov Alexander Popov, art critic and author of the exhibitions of the Club of Graphic Collectors Sergei Podstanitsky, collector and art dealer Mehman Chalabiev, as well as historian, author of the first catalog of the Hermitage art gallery Fedor Svetlakov.
The first bidding on December 3, 2023 will be held on its own platform and on the Bidspirit online trading platform. They will feature a series of landscapes "Villa" by Boris Kustodiev (70 million rubles), "Summer Landscape" by Ivan Shishkin (23 million rubles), a sketch by Viktor Vasnetsov "The Gray Warrior" (2.2 million) and a number of other paintings. The main lot will be the canvas "Ship at sea against the background of the mountains" by Ivan Aivazovsky in 1891. It is expected that the sale cost will be 55 million rubles.
The holding will occupy the segment of "Russian trading" Christie's and Sotheby's, which were previously actively engaged in sales of Russian art, especially in the 2000s. However, after the start of the military special operation of the Russian Federation in Ukraine, auction houses canceled the auction of Russian art.[2]
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