Varvara Stepanova

Three Figures

Found at Christies, London
Impressionist and Modern Works on Paper, Lot 371
24. Jun - 24. Jun 2004
Estimate: 5.000 - 7.000 GBP
Price realised: 41.825 GBP
Varvara Stepanova (1894-1958)
Three Figures
signed in Cyrillic and dated '21' (lower right)
gouache, watercolour, brush and India ink and coloured pencils on buff paper
11 x 14 in. (28 x 35.4 cm.)
Executed in 1921

Artwork auctioned at five times the upper estimate price

When the work Three Figures by Varvara Fedorovna Stepanova was auctioned at Christies in London in June 2004, the result exceeded expectations many times over. The upper estimate was set at a - in retrospect quite modest - GBP 7,000.00 but the actual price achieved was more than five times as high at GBP 41,825.00 (€ 62,248.13). Of course, this price has nothing to do with the top prices that other works by Varvara Fedorovna Stepanova achieve. The highest price we have observed so far was reached by the work Figure With Guitar in June 2014 with an auction result of GBP 1,650,500.00 (€ 2,062,220.78).

Kunstwerk zum Fünffachen des oberen Schätzpreises versteigert

Als die Arbeit Three Figures von Varvara Fedorovna Stepanova im Juni 2004 bei Christies in London versteigert wurde, übertraf das Ergebnis die Erwartungen um ein Vielfaches. Der obere Schätzpreis war mit – rückwirkend betrachtet recht bescheidenen – GBP 7.000,00 angesetzt, der tatsächlich erzielte Preis hingegen war mit GBP 41.825,00 (€ 62.248,13) mehr als fünfmal so hoch. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Varvara Fedorovna Stepanova erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit Figure With Guitar im Juni 2014 mit einem Auktionsergebnis von GBP 1.650.500,00 (€ 2.062.220,78).

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