A painting by Russian artist Ivan Aivazovsky has sold for € 2,577,640, becoming the highest-value painting sold only in online sales.
The Bay of Naples more than doubled the pre-sale forecast which was lower than € 898,500 and broke the only online painting record set by Natura Morta (Still Life) by Giorgio Morandi last week.
With a width of two meters, the work of 1878 is one of the greatest paintings by Russian Romantic painters, who lived between 1817 and 1900, to appear on the open market.
Aivazovsky’s paintings were sold at Sotheby’s auction house the first Russian sale for Pictures to be held online.
The session, which closed on Tuesday, generated a total of € 6.3 million and saw more than 57% of lots achieved above their estimated high, with 32% more than double their estimated low pre-sales.
The sale also saw the artist’s second work, Passing Ship On A Moonlit Night, sold for € 489,000.
The works of artists including Petr Konchalovsky and Igor Obrosov were also displayed.
Many Sotheby’s auctions have been forced online during the coronavirus pandemic.
This event follows the sale of the Russian Image House in November 2019, when Ivan Kliun’s Sprical Suprematism generated € 5.5 million, among the highest prices in such a sale.
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