Sold for $2.7 Million- Pair of Russian Imperial Porcelain palace vases
Czarist Vases Sell Privately
for $2.7 Million Ahead of Auction
2013-04-11 19:43:22.387 GMT
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By Katya Kazakina
April 11 (Bloomberg) — Two large 19th-century Russian
vases sold for $2.7 million today in a private transaction less
than a week before they were to be auctioned with a much lower
“Interest in the Russian Imperial vases has been very
strong and has come from around the world,” said Scott Shuford,
president of Dallas Auction Gallery, in an e-mailed statement.
The auction house, which had assigned an estimate of $1 million
to $1.5 million to the pair, arranged the private sale.
The bandeau-shaped vases stood 4.5 feet tall and featured
deep burgundy ground and gilded ornaments. Their origins in St.
Petersburg’s Imperial Porcelain Factory were confirmed by
Ekaterina Khmelnitskaya, curator of porcelain at the State
Hermitage Museum in St. Petersburg.
The sellers were Randy and Preston Buttram, whose
grandparents bought the vases in the mid-1920s from the
Bernheimer Gallery in Munich and installed them in the foyer of
their Oklahoma City house.
“While the Buttram family was excited about offering the
vases at auction, it was our responsibility in representing them
to reflect any private offers that might come in,” Shuford
The grandfather, Frank Buttram, was a rags-to-riches oil
magnate and founder of Buttram Energies Inc. Born in a log cabin
in Oklahoma’s Indian Territory, he made his fortune before
turning 30 and was one of five founding members of the
Independent Petroleum Association of America.
The auction, Antiques, Fine Art & Estate Jewelry, will take
place as planned on April 17 and will include diamond rings,
Rolex watches and a baby grand piano.