Previous Entry Share Next Entry
Ukranian' Kazimir Malevich 1916 `Suprematist Composition' is expected to sell for more $60 million
xyu
Аt its Impressionist sale in New York next month, Kazimir Malevich's 1916 ``Suprematist Composition'' is expected to fetch more than $60 million. The Malevich will carry a new ``irrevocable bid'' symbol in the catalog. That indicates a third-party guarantee, in which an external guarantor provides the first bid on a lot at auction.

``If there's only one bid, then the guarantor buys the work at a price that includes premium,'' said Matthew Weigman, a London-based Sotheby's spokesman. ``If the work sells for more, the guarantor gets a cut of the upside.''

http://www.bloomberg.com/apps/news?pid=20601088&sid=asygF5.OrBi4&refer=home


Kazimir Malevich was born near Kiev in the Kiev Governorate of the Russian Empire. His parents, Seweryn and Ludwika Malewicz, were ethnic Poles, and he was baptised in the Roman Catholic Church. His father was the manager of a sugar factory. Kazimir was the first of fourteen children, although only nine of the children survived into adulthood. His family moved often and he spent most of his childhood in the villages of Ukraine amidst sugar-beet plantations, far from centers of culture. Until age 12 or 13 he knew nothing of professional artists, though peasant art had surrounded him in childhood. He delighted in peasant embroidery, and in decorated walls and stoves. He himself was able to paint in the peasant style. He studied drawing in Kiev from 1895 to 1896.

?

Log in

No account? Create an account