SOLD! Ivanovs painting sold today at Sotheby's London auction

AUCTION LOT 164: Painting "FRAME 05"
Lot Sold.
Hammer Price with Buyer's Premium: 10,000 GBP
PROVENANCE: Riga Gallery, Riga

For the first time in the history of Latvian art, the paintings of contemporary Latvian painters Līga Purmale and Ritums Ivanovs were sold at the prestigious auction of Sotheby's, a global company founded in 1744 that engages in art auction, private sales and art-related financing activities.

Both works were sold for 10 000 pound sterlings. The works sold were Purmale's "Saturday Night Movie" (2005-2009,120 x 160 cm, canvas/oil) and Ritums Ivanovs "Frame 05" (2002, 150x185 cm, canvas/acrylic). Starting price was set at 8 000 - 12 000 GBP. The idea of the unprecedented event to show Latvian art to a wider audience came from Joanna Vickery, Sotheby's Senior Director and Sotheby's most experienced expert in Russian art, She has been with the company for over 11 years and since joining turned the Russian Department into the most successful in the field worldwide.

Some time ago when visiting international art fair "Art Moscow" in Russia she was surprised about the high quality artistic expression of Latvian artists and with confidence she predicted the success of fulfilling her idea in real life. In december Vickery sent Dr. Alla Rosenfeld to visit Riga Gallery in Latvia. Rosenfeld was appointed Vice President of Russian Paintings Department at Sotheby's in October 2006 and she has served as Curator of Russian and Soviet Nonconformist Art at the Jane Voorhees Zimmerli Art Museum at Rutgers University since 1992.

Dr. Rosenfeld is the author of books and catalogues and knows Latvian art well. Also her opinion was that the works of Latvian painters are of high value. Participation at Sotheby's auction is a serious step for the international development of Latvian art market. It is a well-known fact that Sotheby's is the main actor on world art market and such names as Damien Hirst, Gerhard Richter and Mark Rothko boosted their careers off from the point of participating in one of the auctions. Sotheby's auctions are at the centre of attention for art collectors, enterpreneurs and researchers.

The event was widely discussed and brought out in mass media all over the world. It is exactly in these auctions where the price of art, set by auction professionals and accepted by collectors, notifies the quality of art sold. Sotheby's also issues catalogues on auctions, which are then sent to art collectors and research pros. In Sotheby's catalogue of June 2009, the Riga Gallery collection paintings of Purmale and Ivanovs were published.

Painter Ritums Ivanovs born in Cesis, Latvia in 1968 and graduated from Art Academy of Latvia in 1994. From 1994 to 1995 he studied in Humboldt University, California, USA. Since 1999 is a member of Latvia Artists' Union. He does painting and video installation. The main subject of Ritums Ivanovs' works, executed in the traditions of hyperrealism and Op-Art, is human emotions.

More: Sotheby's
Works by Latvian artists Liga Purmale and Ritums Ivanovs to be auctioned at "Sotheby's"
Ivanovs in distinguished private collection