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 3. Post War/Contemporary Art
Behind Jean Miotte's oil painting without title (lot 934), which went from € 7.500 to a result of € 17.500*, two works with the same result occupy places two and three: The joint work by Keith Haring and LAII (lot 947) as well as Jean-Michel Basquiat's "Astronaut" (lot 1029) were sold for € 16.250* each, with starting prices of € 8.000 and € 7.000 respectively.
While the first went to a Belgian art dealer who won against bidders from Monaco and Germany, a private collector from Israel got hold of the latter.
Ernst Wilhelm Nay's untitled watercolor (lot 788) went to a Southern German bidder in the auction room for € 14.375*. The same height was reached by Victor Vasarely's "Composition N8" (lot 841), for which a private collector from Northern Germany stood his ground against the auction room.
The fact that Willi Sitte's "Rotes Liebespaar auf grünem Grund" (lot 916) would count among the auction's most popular works became clear as early as in the preview in Berlin. Accordingly, the six phone bids and four written bids were submitted by bidders from the capital and Germany's east. They not only made for a result of € 7.500* (starting price: € 1.600), but with 200 percent*** also for the day's highest increase.
The first place of increase rates of in the section of contemporary art goes to Otto Piene's "Oktober" (lot 807) with 350 percent***. The remaining eleven works by the artist were all sold and most with high increase. Half of them went across the ocean to the U.S.A., the other half remains in Germany.
More than just worthwhile mentioning in the section of Post War/Contemporary Art:
|lot||artist (technique)||title||starting price||result|
|857||Antes (steel plastic)||Figur 1000||€ 10.000||€ 12.500*|
|960||Pettibone (acryl)||Marilyn Monroe||€ 10.000||€ 12.500*|
|994||Gonschior (oil)||Ohne Titel (Lava)||€ 4.800||€ 12.125*|
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. 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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