Word: maleviches
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...canvas in question, one of four known variations of the Black Square, painted in the early part of the last century, would likely fetch at least $20 million at Sotheby's or Christie's. The last Malevich to be sold, Suprematist Composition, was auctioned in New York last May for $17 million. But soon the Vinogradov Black Square is to be sold in Russia for far less-perhaps as little as $2 million. Last month Alexander Yesin, manager of the bankruptcy sale, confirmed that indeed the painting will be auctioned in Russia. What he failed to say, but sources close...
...press-shy officials at Russia's Ministry of Culture insist this is a matter of national heritage. Malevich's works must remain in their homeland, they say, arguing that the state would never grant an export license for any Malevich canvas. Perplexed Malevich experts at home and abroad, however, fear that a native mogul has cut a deal to buy the canvas on the cheap and then resell it to a foreign collector for a huge profit after bribing Culture Ministry officials to grant an export license or securing a legal move to lift the ban on exports. With three...
...shadowy maneuvers of Russia's unbridled market have long tainted its art world as well. Malevich works have left Russia before-and have been sold abroad for handsome profits. But the sale of a Black Square, at such a flagrant discount, would mark...
...Inkombank's acquisition of the Black Square. "Naively, we thought the works would be safer in their hands." Nikich recalls how he heard of this Black Square when he was running one of Moscow's first commercial art fairs. "A woman called up from Samara, claiming to have a Malevich. Of course, we all laughed." But when the head of the Samara branch of Inkombank called and said that relatives of Malevich were offering a Black Square, Nikich joined other experts in traveling to Samara to take a closer look...
...Gogol. A man in his 20s and dressed in a track suit arrived at the bank carrying a bag. He apologized for being late-he had stopped off to buy fishing line. "But as soon as he opened that bag and unrolled the canvas, we felt the power of Malevich," says Nikich. Moscow's Tretyakov Gallery authenticated the painting and Inkombank bought it, paying a reported...