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December 15, 2013

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Swiss auction house hits record in Tsarist Russian sale

A Geneva auction firm specializing in the surging market for pre-1917 Russian cultural objects, paintings and documents said on Tuesday its latest sale had fetched a house record of 3.8 million Swiss francs (US$4.25 million).

Top objects auctioned among fierce bidding by buyers from Russia, Europe and the United States included a pair of vases given as a Christmas present in 1849 by Tsar Nicholas I, imperial family letters, and an enamelled tobacco box.

“The success of this sale is a demonstration of the huge interest in Russian items from before the Bolshevik Revolution," said Bernard Piguet, director of the Hotel de Ventes auction house since 2005.


 

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