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. Last Updated: 07/27/2016

Sotheby's Promotes London Auction

Itar-TassA woman viewing a painting at an exhibition being held by Sotheby's auction house at the State Historical Museum.
Sotheby's auction house opened an exhibition Thursday of two dozen Russian paintings to promote sales in London on Nov. 26 and 27 that may total ?36 million ($75 million).

The show, which runs through Nov. 11 and will be at the State Historical Museum on Red Square, features top lots for Sotheby's inaugural evening sale of Russian art on Nov. 26, including Natalia Goncharova's "Bluebells," (circa 1909), with an estimate of ?3 million to ?5 million. There will also be art by Ivan Aivazovsky, Wassily Kandinsky and Mikhail Larionov.

The Nov. 26 auction has a total presale estimate of ?15 million to ?23.4 million. The Nov. 27 auction has a presale estimate of ?8.7 million to ?12.6 million.

"The top end of the Russian art market is still growing, and Russian collectors want to acquire the best and rarest art works," said Jo Vickery, head of Sotheby's Russian art department in London. "Goncharova's 'Bluebells' is a museum-quality work, which would fit in with any major collection of international impressionist and modernist art."

"Bluebells," which comes from the Schreiber Collection in New York, is a brightly colored floral still life inspired by Matisse's Fauvism. The artist painted it when she wasn't yet 30, a period when she produced some of her greatest works. Goncharova's painting, "Picking Apples," (circa 1909) sold in June for ?4.94 million at Christie's Impressionist and Modern painting sale in London.

Goncharova and Larionov, her husband, are considered among the country's leading avant-garde painters of the 20th century. They lived and worked in Moscow, but fled Russia after the Bolsheviks seized power in 1917 and took up residence in Paris in 1921. They eventually became French citizens.