An Outstanding Collection of Important Russian Art of the Soviet Era. Part I

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An Outstanding Collection of Important Russian Art of the Soviet Era Part I

The Opportunity To acquire what is considered the finest private collection of Impressionist and Expressionist art from the Soviet era. To participate in the rapidly growing investor interest in this previously neglected market. To reconnect this culturally and historically important collection with its Russian roots.

The Collection The Collection comprises over 1,000 oil paintings by leading Russian artists painted between 1940 and the present. The Collection was built-up over a twenty year period by the leading Russian scholar Kenneth Pushkin and is currently housed in the United States. The Collection is accompanied by an extensive body of academic research and curatorial expertise. This could assist the new owner take ownership in the short term as well as on a longer basis. Several major publications based on the Collection have been printed and others are planned. There is the opportunity to commission new books to complement the Collection. Over 800 works are by four important artists: Nikolai Timkov, Boris Chetkov, Vasily Golubev and Viktor Korovin. Over 200 other works are by key artists of the period including major works by Tseitlin, Ulianov, Grinuk, Gergilenko and Vlasov, works from the distinguished Vladimir School and the life works of Borisenkov from the 1940s and 50s. All works are fully catalogued and documented on a state-of-the-art database. Each painting is recorded with high quality digital images. The paintings are all in excellent condition, with many of the pieces framed in museum-quality 22K gold-leaf frames.

Investment Opportunity 1. Available to purchase as one collection for US Dollars 5,500,000. 2. Valuation base on current prices USD16,200,000 A summary of the valuation is below. It is based on the total of all works at the current retail price level, with such prices established by the documented sales history of comparable works by these artists over the past seven years through art galleries and major auction houses. Current retail / auction valuation (all prices in US Dollars) Nikolai Timkov 120 works $3,200,000 Boris Chetkov 500 works $7,200,000 Vasily Golubev 180 works $2,500,000 Viktor Korovin 40 works $700,000 Other artists and frames 200 works $2,600,000 Total 1040 USD16,200,000 3. Potential growth: The market has begun to acknowledge the importance of these artists and this is reflected in the increasing number of sales involving Russian art of this period at the major auction houses.

Relevance of the Collection These paintings represents the best of Russian art of the late 20 th Century specifically the often neglected and undervalued work of the Soviet era. The Collection is historically important and culturally unique. It contains works by many of the key Russian artists from that time and is considered by many to be the most significant private collection of art from the Soviet era in the world. The works are mainly impressionist and expressionist works including landscapes recording the Russian countryside, portraits and scenes from daily life. The works themselves are exceptionally beautiful and of the highest aesthetic order, in excellent condition, with many framed in museum-quality gold-leaf frames. The Collection is more than just a gathering of paintings; its owner has dedicated two decades of meticulous effort and scholarship to ensure it uniquely encapsulates this important period of Russian history and culture.

Building the Collection The Collection was put together from 1995 2007 by Kenneth Pushkin, the distinguished scholar and collector. Pushkin travelled extensively around Russia working in collaboration with the State Russian Museum and the Union of Artists, visiting a great many artist s studios and consulting with artists families and estates. His intention was to acquire the great art of this period and collect key artists in depth. Pushkin because of his connections with artists and museums, is perhaps one of the few scholars able to gain such unparalleled access to work of this period. No-one else would have been able to put together such a collection. The holdings acquired in some cases represent a substantial percentage of the artists' oeuvre (Timkov 20% of works outside of museums; Chetkov 95% of available works, Golubev 95% of available works, Korovin 95% of works outside of museums). Quality works by these artists are hard to get hold of now and rarely appear on the market. The depth and quality of the Collection makes this an unrepeatable investment opportunity.

The Collection critical acclaim The Collection Pushkin has created is often called the finest private collection of art of the Soviet era. Pushkin s work is acknowledged by the leading curators from the greatest museums in Russia. Kenneth Pushkin s extraordinary work of collecting and cataloguing including the publication of the monograph on Chetkov s life and art continues the effort to acquaint the non-russian world with Russian artists whose art has been unjustly undervalued, left out of the limelight of the international art scene. Dr Alexander Borovsky, Head of Contemporary Art, The State Russian Museum If not for the good work of the Pushkin Group, this name might have been forgotten. The historical-cultural truth of another Russian artist - Nikolai Timkov, having already been restored, the name of Vasily Golubev will now be included in the historical sphere of great Russian artists. Dr Albert Kostenevich, Keeper of Impressionist Paintings, The State Hermitage Museum

Four Principal Artists from the Collection Nikolai Timkov (1912 1993) Boris Chetkov (1926-2010) Vasily Golubev (1925-1985) Viktor Korovin (1936 1991) These four artists are in the collections of the State Russian Museum and the Tretyakov State Gallery as well as regional museums throughout Russia. All are collected worldwide.

Nikolai Timkov (1912 1993) Timkov always managed to rediscover a fundamental comfort in landscape and the secure sense of humanity s place in familiar surroundings. Professor Alison Hilton, Chair, Department of Art and Art History, Georgetown University, Washington, DC

Nikolai Timkov Winter s Golden Sun - 1971 59 x 81 oil on canvas

Nikolai Timkov Farmstead - 1972-42 x 56 oil on canvas

Nikolai Timkov Golden Monastery 1967 20 x 27 oil on panel

Boris Chetkov (1926-2010) From the 1960s onward Chetkov carved out a path of his own. He hypnotizes with colour, drawing the viewer into the emotion of his paintings. Dr. Alexander Borovsky, Head of Contemporary Art, State Russian Museum, St. Petersburg, Russia.

Boris Chetkov Horses Turning 1994 43 x 51 acrylic on canvas

Boris Chetkov Still Life with Chamomile 1968 20 x 16 acrylic on panel

Boris Chetkov Blue Colours of the Ladoga 2004 32 x 38 acrylic on canvas

Vasily Golubev (1925-1985) In the end, Golubev may be looked upon in the Russian artistic tradition as not being of this world - a sort of Russian Holy Man Albert Kostenevich, Keeper of Impressionist Paintings, State Hermitage Museum, St. Petersburg, Russia

Vasily Golubev Golden Evening 1973 28 x 32 oil on panel

Vasily Golubev Tanya in the Kitchen - 1961-26 x 34 oil on panel

Vasily Golubev Dark Summer Skies - 1971-20 x 23 - oil on panel

Viktor Korovin (1936 1991) His direct and emotional treatment of landscape, utilizing broad, carved strokes has earned him comparisons with Van Gogh and Pissarro. Kenneth Pushkin Russian Art scholar

Viktor Korovin Reflections on the Lake 1971 19 x 27 oil on panel

Viktor Korovin Morning Frost - 1963-20 x 27 oil on panel

Viktor Korovin Samovar 1990-24 x 28 oil on canvas

Examples of Documented Sales in Galleries & Auctions since 2004 Nikolai Timkov Autumn in the Urals, 1962, 56 x 60 - $220,000 Rostov in Winter, 1970, 56 x 56 - $120,000 Flowering Apple Tree, 1973, 39 x 32 $96,000 Migrating South, 1969, 12 x 22 - $70,200 Vasily Golubev Festival, 1985, 84 x 73 - $100,000 Steps to the Bathhouse, 1984, 30 x 37 - $30,400 Hope of Spring, 1973, 26 x 30 - $26,000 Crossing the River, 1964, 26 x 30 - $22,000 Boris Chetkov Mustang Hunt, 1980, 24 x 32 - $48,000 A Walk with the Horses, 2000, 28 x 32 - $45,000 Unfinished Symphony, 2001, 28 x 32 - $43,500 Gatchina, 2006, 30 x 32 $37,800 Viktor Korovin Staraya Ladoga, 1963, 19 x 27 - $24,000 Leningrad, 1980, 24 x 32 - $20,200 Entrance to the Fortress, 1961, 35 x 28 - $19,200 Frosty Day, 1969, 21 x 33 - $14,400

Collection Summary A unique and outstanding Collection encompassing a hitherto neglected period of Russian cultural history. A Collection of enormous depth unsurpassed in quality, range and curatorial expertise. Available to acquire as a single collection at a price considerably lower than the retail market price.

For further information contact Robert Jarman Objects of Desire The Old Milk Parlour Preshaw Upham Hants SO32 1SU Angus Broadbent Broadbent Gallery 25 Chepstow Corner Chepstow Place London W2 4XE + 44 1962 793134 +44 20 7229 8811 robert.jarman@objectsofdesirecollection.co.uk angus@broadbentgallery.com