Christie’s and Specialist MacDougall’s auction results lower than expected for London Russian Art sales

November 27th, 2012

Nicolai Fechin Portrait of Mademoiselle Podbelskaya courtesy Christie'sRussian art sales got off to a rocky start in London on Sunday. MacDougall’s offered 45 lots but only sold nine in its Russian Art sale. Christie’s, however, fared somewhat better with £10.5 million – perhaps because of more realistic estimates. Just 68% of lots sold at the Christie’s sale.  £67.8 million worth of art was offered in total from all of the auction houses combined.Read the article via The Telegraph