Cost for Ayvazovsky's picture exceeded the estimate in four times

б. Koester. Five ducks on the lake shore. Oil on canvas. Lot sold for €68 000. Nagel. Art & Antiques. Stuttgart, September 17

Nagel Auktionen published the results of the large autumn auctions held in two sessions on September, 17 and 18 in Stuttgart. According to the results of the sales the auction house managed to sell the most part of lots represented in 9 various categories from painting to porcelain, furniture and the collection weapon.

The string – 19th уentury Paintings– Icons showed unexpected results. This string featured the most expensive lots. Painting by Juliy Klever (1850−1924) Imperial Village estimated at record €80 000 was not sold. The second top lot – Alexander Muravyev’s genre composition Napoleon’s Troops Escaping from Russian Army in Winter of 1812 estimated at €44 000 was not sold also. Instead, works by Ivan Ayvazovsky and Alexander Koester showed real record exceeding of estimates.

Ivan Ayvazovsky’s marine Two Trading Vessels at a Shore in Bad Weather was estimated at €12 000 and was not among ten top lots of the auction. Despite it, the work was sold for €54 000 having exceeded the estimate in four times. Apparently, Nagel’s experts were not sure in the authenticity of this work. It testifies a mark “attributed” and a low estimate. On the results of the sale one can assume that the anonymous buyer had no doubts concerning the authorship of the canvas. In general, Two Trading Vessels … is a classical Ayvazovsky: stormy, painted in details sea, seagulls, hardly visible silhouette of a distant vessel and three small figures at a water edge.

The picture Five Ducks at the Lake Shore by the little-known European painter Alexander Koester (1864–1932) showed almost the same result. The work estimated at €20 000 was sold by auction for €68 000 that made it the most expensive lot of the auction. Nowadays there is a lack of the information about Alexander Koester. We can say only that his work has one characteristic feature: throughout all his life the artist succeeded in painting of ducks.

I. Ayvazovsky. Two trading vessels at a shore in bad weather. Oil on canvas. Lot sold for €54 000. Nagel. Art & Antiques. Stuttgart, September 17

The third in the string is the picture Abbes Irmengard on the Shore of Chiemsee Lake in the Evening Light by the German painter Karl Raupp (1837–1918). It was sold by auction for €15 000 (estimate: €10 000). At the same time, The View of the Novodevichy Monastery in Moscow by Alexander Glazunov (1884–1952) estimated at €14 000 was not sold also.

The similar situation happened in the Collectible Arms section which comprised more than one hundred kinds of the antiquarian weapon, hunting trophies and various thematic attributes. The rare German musket made in the southern Germany in about 1650 was not sold. Instead, the top lot of the section was a German wooden figurine of the hunter dated to 1600. It was estimated at only €2000 and sold for €15 000 having exceeded the estimate in seven times.

The ancient atlas of Europe put up for the sales as the top lot of the section Books, Prints, Watercolors, Drawings legitimated expectations. The atlas is in good safety. It was published in Amsterdam in 1642 and contains more than 100 pages with the maps of Italy, England, Greece and of some other countries. The rare edition estimated at €6000was sold for €12 000.

In conclusion it is necessary to mention two more Nagel’s top lots: richly decorated porcelain tureen by the Meissen manufactory and the Polish secretaire of the middle of the 18th century. The oval gilt tureen dated to 1740 estimated at €7000 fetched €25 000.

The magnificent carved secretaire, on the contrary, was sold by auction for €2000 lower than the estimate. The lot totaled €23 000.

Published in: on October 23, 2008 at 8:24 am  Leave a Comment  
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