Excellent start into auction season in Munich
Englishman buys himself two
Harem Ladies for € 100.000
Robert Ketterer reaches the top result of € 100.040 for Ferdinand Max Bredt's relaxed harem's ladies.
Munich, 30 April, 2012, (kk) – With a result of more than € 2,6 million* in the April auctions, the season begins just as promising as a year ago. "32 percent new bidders in the auction of Old Masters and Art of the 19th Century alone once more confirm the high appeal of fine art", says Robert Ketterer about the spring auction's first part**.
The head of the company continues: "Besides the qualitative aspect, it particularly is the crisis-proof form of investment that makes art so attractive. This also show the results, with six lots going beyond the € 20.000 mark in the two auctions of Art of the 20th/21st century of up to € 20.000". Thus one can already look forward to the auction on 9 June with anticipation.
The April auction's focal points were on:
1. Old Masters and Art of the 19th Century. 2. Modern Art 3. Post War/Contemporary Art
on 2. Modern Art
The highest result in this section was realized by the expressive India ink drawing "Zwei miteinander ringende Männer" (lot 451) by Käthe Kollwitz, which remains in Germany despite the heavy competition from the U.S.A.
With a starting price of € 10.000 and a result of € 63.440*, it also realized an increase of 420 percent*** and thus the highest increase of the second auction day. Eight further works by the artist were also sold at prices mostly far beyond their starting price.
Another lot at the top of the result list is Ernst Wilhelm Nay's watercolor "Lofoten" (lot 404), which realized more than a five-fold of its starting price of € 9.000. A collector from the Rhineland-Palatinate beat the competition in the auction room, on the phones and the written bids. For a result of € 48.800* he made the sheet from a renowned German collection sure for himself.
Shortly afterward a similarly high price, from € 20.000 to a result of € 45.140*, was realized by an oil painting by Cuno Amiet, which adorns the catalog's cover. His chest portrait "Brustbild einer Dame (Irene)" from 1925 was sought-after world-wide. In the end a private collector from Switzerland won the race against fellow countrymen as well as against bidders from Russia and China.
Great international interest was on a watercolor without title by Salvador Dalí (lot 327), which went from a starting price of € 11.000 to a result of € 25.000*. The hammer went down for a Spaniard who relegated bidders from Germany, the U.S.A. and Great Britain to places second and beyond.
Other top lots of Modern Art:
|lot||artist (technique)||title||starting price||result|
|423||Gotsch (oil)||Kinder mit Ziege||€ 5.600||€ 21.250*|
|603||Liebermann (watercolor)||Seestück mit Segelboot||€ 3.200||€ 20.000*|
|699||Putz (oil)||Schloss Seefeld IV||€ 8.000||€ 20.000*|
|567||Dix (oil)||Hansi I||€ 7.000||€ 18.750*|
Objects unsold in the auction can be purchased in the post auction sale until end of May. Lists of auction results are available by phone. Please call +49 (0)89-55244-0.
* The result is the hammer price
+25 percent buyer's premium for objects up to € 25 000
+22 percent buyer's premium for objects above € 25 001
+20 percent buyer's premium for objects above 500 001
** Unlike other German auction houses Ketterer Kunst holds it auction season on
several days. The main auction of Modern and Contemporary Art
is on 9 June, 2012.
*** The percentage indicates the ratio between starting price (limit price) and hammer price.
Since it was founded in 1954, Ketterer Kunst has been firmly established in the front ranks of auction houses dealing in art and rare books, with its headquarters in Munich and a branch in Hamburg. Gallery rooms in Berlin as well as representatives in Heidelberg and Krefeld have contributed substantially to the company's success. Ketterer Kunst has further rounded off its portfolio with the prestigious Ernest Rathenau Verlag, New York/Munich. In addition, exhibitions, special theme and charity auctions as well as online auctions are regular events at Ketterer Kunst. Robert Ketterer is auctioneer and owner of Ketterer Kunst.
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