Auction in Munich
Old Masters Attract New Buyers
Munich, 29 October 2010, (kk) - An astonishing 41 percent new customers took part in the auction of Old Masters and Art of the 19th Century on 29 October in Munich. Robert Ketterer appreciates the great interest and the "incredible average increase of more than 100 percent for each sold object".
"The bidding behaviour", said the company owner, "was quite selective. More objects than usual remained unsold, but the sold ones achieved great results. The top ten results alone were all well above the € 20.000-mark and made for three of the sharpest increases of 470%*** to 570%***". This way an overall result of almost € 3 million* in all three October auctions** could realized by the end of the day.
The top rank is definitely held by Ludwig von Hofmann‘s "Tanzfries" (lot 1179) with a stunning result of € 172 000*. A Southern European bidder had the most endurance and relegated written bids and three German competitors on the phones to places second and beyond.
The same bidder stood his ground for Eduard von Grützner‘s "Stillleben mit Pfingstrosen" (lot 1172), which had been called up with € 8 000. He stopped the intense bidding skirmish between the phones at € 62 000* and made for the second sharpest increase of the day, right behind a German "Landschaft mit Wanderer" (lot 1145), which went to a museum for the result of € 21 000* (starting price: € 2 500).
Five works by Edward Theodore Compton proved to be particularly sought-after. They had received more than twenty bids even before the auction started. Accordingly, it was no surprise that the 90,5 x 150,5 cm oil painting "Blick auf den Großglockner vom großen Wiesbachhorn" (lot 1124) soared to a result of € 54 000*, offered by a German collector. After the starting price of € 6 000, the "Felspartie am Lyskamm" (lot 1125), went to Tyrol for a remarkable amount of more than € 30 000*.
Another name to be found in the list of results top positions is Franz von Defregger with his "Strickende Bäuerin mit Buben" (lot 1133), which, as expected, remained in Southern Germany. A private collector honored the work with € 46 000*.
Much wooed was "Die Darbringung im Tempel" (lot 1044), an ink drawing by a Rembrandt student, the ascription, however, was much discussed. Despite the lively international bidding skirmish on the phones, the small-sized sheet remained in Germany for a result of € 37 900* (starting price: € 8 000).
London will be the new home of Lovis Corinth‘s "Porträt des Herrn Lilienthal" (lot 1130), which was acquired by a bidder in the auction room for € 29 000*, who stood his ground against numerous written bids.
Also much sought-after were eight works (lots 1088-1095) by Jusepe de Ribera, called Lo Spagnoletto, which were not only entirely sold, but even achieved results far beyond their starting prices. Besides domestic bidders, they also attracted customers from Europe, Japan and the USA.
Earlier Francisco de Goya had already enthused the audience with several numbers (lots 1030-1042) and outstanding results. A customer from Belarus, for instance, managed to get his hands on the "80 sheets: Los Caprichos" (lot 1030) for a price of € 29 000*, while the "80 sheets: Los desastres de la guerra" went to Canada for € 15 900*.
|Artist (Technique)||Title||Starting price||Result|
|1046||van Huchtenburg (oil)||Schlachtszenerie||€ 8 000||€ 24 400*|
|1156||Dupré (oil)||Chaumière au bord de la mare …||€ 10 000||€ 19 500*|
|1047||Italien (oil)||Madonna mit Kind ...||€ 7 000||€ 19 500*|
|1168||Gille (oil)||Waldstück||€ 3 500||€ 15 000*|
Objects that remained unsold in the auction can be acquired in the post auction sale until late November 2010. List of results are available by phone at 0049-89-55244-0.
* The result is the hammer price + 22 percent buyer’s premium.
** Unlike other German auction houses, Ketterer Kunst holds its season auctions on
The main auction of Modern and Contemporary Art will be held on 4 December.
*** The percentage indicates the ratio between starting price (minimum hammer price) and hammer price.
|Press inquiries:||Customer inquiries:|
|Ketterer Kunst||Ketterer Kunst|
|Joseph-Wild-Str. 18||Joseph-Wild-Str. 18|
|81829 Munich||81829 Munich|
|Michaela Derra M.A.|
|phone:+49-(0)89-55244-152 (Fax: -177)||phone:+49-(0)89-55244-444 (Fax.:-177)|
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