8 June 2016
The Collapse of a Bank, signed and dated 1881.
Pencil, sanguine, watercolour and charcoal on paper, laid on cardboard, 25 by 18 cm (image size).
Authenticity of the work has been confirmed by the expert V. Petrov.
The present lot is a study for the 1881 painting The Collapse of a Bank, presently in the collection of the State Tretyakov Gallery.
Notes on symbols:
* Indicates 5% Import Duty Charge applies.
Ω Indicates 20% Import Duty Charge applies.
§ Indicates Artist's Resale Right applies.
† Indicates Standard VAT scheme applies, and the rate of 20% VAT will be charged on both hammer price and premium.