SOTHEBY'S TO SELL RARE RUSSIAN MINIATURE OF PETER THE GREAT

A MINIATURE PORTRAIT OF CZAR PETER THE GREAT IN A DIAMOND ENCRUSTED FRAME, OWNED FOR DECADES BY AN ARIZONA FAMILY THAT DIDN'T REALIZE ITS HISTORIC SIGNIFICANCE, IS GOING ON THE AUCTION BLOCK. THE EARLY 18th CENTURY PIECE WILL BE SOLD AT SOTHEBY'S AUCTION HOUSE, NEW YORK, 2.NOVEMBER AND IS EXPECTED TO FETCH $80,000 TO $120,000. THE ESTATE OF THE ORIGINAL OWNER, GEORGE ROBERTS, LEARNED OF ITS IMPORTANCE DURING AN APPRAISAL OVER THE SUMMER. ROBERTS PURCHASED IT IN 1951 FROM A LONDON DEALER. IN 2001, ONE OF THE TWO IN PRIVATE HANDS SOLD FOR $132,500 AT CHRISTIE'S. EXPERTS BELIEVE THAT AS FEW AS 10 OF THE BEJEWELED MINIATURES WERE BESTOWED BY PETER THE GREAT ON HIS SUBJECTS FOR THEIR EXCEPTIONAL SERVICE TO HIM. UNTIL THE LATEST DISCOVERY, ONLY FIVE WERE KNOWN TO EXIST, THREE OF THEM IN MUSEUM COLLECTIONS. THEY PREDATE THE BETTER KNOWN ORDER OF ST ANDREW AWARD FOR CIVILIAN AND MILITARY MERIT. THE 3½-HIGH OVAL PORTRAIT AT THE UPCOMING SALE DEPICTS PETER THE GREAT IN A BLUE CAPE AND THE SASH OF THE ORDER OF ST ANDREW. THE FRAME HANGS FROM AN IMPERIAL CROWN SURROUNDED WITH DIAMONDS. THE REVERSE SIDE IS ENGRAVED WITH A TRIPLE-CROWNED, IMPERIAL DOUBLE-HEADED EAGLE. WHILE BELIEVING IT HAD SOME VALUE BECAUSE OF THE DIAMONDS, ROBERTS' GRANDDAUGHTER, WHO LIVES IN NORTHERN ARIZONA, HAD NO IDEA IT WAS AN EARLY 18th CENTURY WORK OF HISTORIC IMPORTANCE, SOTHEBY'S SAID. AFTER HER GRANDFATHER BOUGHT IT, IT SPENT SOME TIME IN ILLINOIS WHERE HE LIVED AND FINALLY ENDED UP IN ARIZONA WHERE THE FAMILY KEPT IT IN A DISPLAY CABINET. IT WILL BE SOLD AS PART OF SOTHEBY'S RUSSIAN ART SALE.