PRESS REPORT
Results of 2007 and 2010 topped
Best Annual Balance in 2011
Munich, 14 December, 2011, (kk) – Overall proceeds of more than € 29 million, that's the excellent result of the business year 2011 at Ketterer Kunst. "Accordingly, we performed better than ever before in our company’s history, we even outdid the best year so far by 11,5 percent", says Robert Ketterer.
Robert Ketterer continues:
"The excellent results and record prices that have been achieved clearly prove that German art sells best in Germany. With a result of € 3,5 million*, Pechstein's work with painting on both sides is not only the most expensive work in a German auction in 2011, it also set a new record price*** for a painting by the artist". With this record result, Ketterer Kunst is the only German auction house which accomplished the highest annual hammer price three times over the past five years.
Modern Art & Post War/Contemporary Art:
This section** alone, including the special auctions Sidelines of the German Avant-garde, from the Collection Schiefler and Garden Sculptures achieved proceeds of € 25 million*, roundabout € 5 million more than last year. Bidders from more than 40 countries contributed to this success, most of them from Europe and the USA, but also from Brazil, China, Singapore, Japan and Australia. It was not only the star of the year who experienced an excellent increase, other classics such as Ernst Ludwig Kirchner, Karl Schmidt-Rotluff and Erich Heckel reached similar increases.
First and foremost, the list of sought-after artists is led by names of German artists: While it was artists such as Max Pechstein, Conrad Felixmüller, Gabriele Münter, Emil Nolde, Franz Radziwill, Otto Dix and Karl Hofer who caused furore in the section of Modern Art, it was people such as Gerhard Richter, Rupprecht Geiger, Fritz Koenig, Martin and Brigitte Matschinsky-Denninghoff, Eberhard Havekost and Horst Antes who dominated the section of Contemporary Art. Antes' "Figur Flora" even managed to beat the existing world record price***,
which was also held by Ketterer Kunst, for a work by the artist.
€ 3.500 000* Starting price: € 600 000
Max Pechstein - painting on both sides, Weib mit Inder auf Teppich and Früchte II
World Record***
€ 610 000* Starting price: € 200 000
Conrad Felixmüller - painting on both sides, Herbst in Klotzsche und Das eingeschlafene Modell
€ 390 400* Starting price: € 180 000
Gabriele Münter – Murnauer Landschaft
€ 344 040* Starting price: € 240 000
Franz Radziwill – Gespräch über einen Paragraphen
€ 323 300* Starting price: € 265 000
MaxPechstein - Zerfallenes Haus
€ 286 700* Starting price: € 170 000
Emil Nolde – Marschlandschaft mit Bauernhof und Heudiemen
€ 280 600* Starting price: € 65 000
Horst Antes – Figura Flora
World Record***
€ 274 500* Starting price: € 58 000
Otto Dix – Alte Birnbäume in Hemmenhofen
€ 268 400* Starting price: € 180 000
Gabriele Münter – Stillleben mit Madonna
€ 250 100* Starting price: € 112 000
Karl Hofer – Mädchen mit Laute
Old Masters and Art of the 19th Century
With proceeds of € 1,1 million*, the result of this section is very stable. The fact that the appeal of art from the 15th to the 19th century is increasing is proven by the fact that some 34 percent new bidders participated in the autumn auction. This is a ten percent increase in comparison with the spring auction. More than just worthwhile mentioning are Willem I van de Velde's grissaille work "English Battleships" (starting price: € 60.000, result € 78.080) and Joost Cornelisz. Droochsloots "View of a Village in Winter..." (starting price: € 24.000, result € 51.240), as well as two record results: Both Otto Phillip Runge's four sheets "Die Zeiten" (starting price: € 35.000, result € 152.500) as well as Ludwig Ferdinand Schnorr von Carolsfeld's "Return of the Prodigal Son" (starting price: € 65.000, result € 78.080) generated great attention. While the series of four etchings achieved a world record price*** for Runge graphic, the color-intensive biblical scene set a new record price*** for a work by Schnorr von Carolsfeld worldwide.
Rare Books – Manuscripts - -Autographs – Decorative Prints
With and overall result of roundabout € 3,3 million* the department is more than content, particularly as last year's result could be topped by € 100.000. At the same time the best result in 20 years was realized. "I am especially happy to see that the evening auctions were met with great popularity. Quality and variety of the offering also attract new international customers who have previously had a focus on art. Focal points like the special auction Children's Books make for the rest, and the excellent sales quota of 112 percent (ratio between starting price and hammer price volumes) is the logical consequence", says Christoph Calaminus, auctioneer and head of the Rare Book department.
The 2011 Top Three Lots in All Sections
Modern Art
| 1) | Max Pechstein - painted on both sides Weib mit Inder, Verso: Früchte II |
Result: € 3.500 000* Starting price: € 600 000 |
| 2) | Conrad Felixmüller - painted on both sides Herbst in Klotzsche, Verso: Das eingeschlafene Modell |
Result: € 610 000* Starting price: € 200 000 |
| 3) | Gabriele Münter - Murnauer Landschaft (Staffelsee) |
Result: € 390 400* Starting price: € 175 000 |
Post War/Contemporary Art
| 1) | Horst Antes - Figur Flora | Result: € 280 600* Starting price: € 65 000 |
| 2) | Gerhard Richter - Abstraktes Bild | Result: € 170 800* Starting price: € 100 000 |
| 3) | Rupprecht Geiger - 318/61 | Result: € 140 300* Starting price: € 60 000 |
Old Masters and Art of the 19th Century
| 1) | Philipp Otto Runge - Die Zeiten, 4 Blätter | Result: € 152 500* Starting price: € 35 000 |
| 2) | Ludwig Ferdinand Schnorr von Carolsfeld Die Heimkehr des verlorenen Sohnes |
Result: € 98 820* Starting price: € 65 000 |
| 3) | Willem I van de Velde - Englische Kriegsschiffe | Result: € 78 080* Starting price: € 60 000 |
Rare Books – Manuscripts - -Autographs – Decorative Graphic
| 1) | George Catlin - Nort American Indian Portfolio, 1844 |
Result: € 87 600* Starting price: € 45 000 |
| 2) | Sven Hedin - Duch Asiens Wüsten, 1926-1930 | Result: € 74 400* Starting price: € 3 000 |
| 3) | John Hill - Vegetable System. 13 Bde. 1775 | Result: € 72 000* Starting price: € 55 000 |
* The result is the hammer price
+ 25 percent buyer’s premium for objects up to € 25 000
+ 22 percent buyer’s premium for objects from € 25 001 to € 500 000
+ 20 percent buyer’s premium for objects as of € 500 001
* For auctions of Rare Books the result is the hammer price + 20 percent buyer’s premium
** Unlike other German auction houses Ketterer Kunst holds it auction season on several days.
*** Quelle: www.artnet.com
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