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Results of November Classic Underground Contemporary Auction

02 December 2016

On the 29th of November in CCA M17 auction house Golden Section performed Classic Underground Contemporary sale for which classical, underground and contemporary works were put up. 114 lots were presented, and 53% of them were sold. Contemporary and underground art were especially popular. “The same trend we were observing last fall – stronger interest for underground and contemporary art and stagnant attention to classics. That says only about periodicity of the market, and about trends that are forming. I'm sure the classical art will arise during spring sales as it usually does,” - says coowner of  Golden Section  auction house Mykhail Vasylenko.

November Classic Underground Contemporary Auction

The most dynamic bidding was for painting by Mykhailo Deyak which was sold for $6050 with $2500 estimate. For All for Vita by Roman Minin there was active bidding during the silant auction, and the work was sold for $3575 with $2500 estimate. Rythmes of Mind by Viktor Trubchaninov with $5000 estimate got hammer price of $8800. Works by Oleg Tistol ($2750), Pavel Makov ($1650), Matvey Vaisberg, Vlada Ralko, and others also were sold.

In the underground art section there were biddings for the painting T.G.Shevchenko by Alla Gorska, and the work with $1500 estimate was sold for $3960. Question of Principle by Igor Grigoriev was sold for $1760 with $500 estimate, and In the Bus by Viktor Zaretsky got $2000 estimate and was sold for $3300.