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Top results of 2007, 2010 and 2011 excelled - Best annual balance for 2012

12-19-2012 10:40 PM CET | Arts & Culture

Press release from: Ketterer Kunst

Munich, 12 December, 2011, (kk) - EUR 30 million total proceeds – that is the excellent result for the business year 2012 of Ketterer Kunst. “Accordingly, we have outperformed even the so far best year in our company‘s history, the record year 2011, by EUR 1 million*“, says Robert Ketterer.

TOP results 2012
Lot 53: Heinrich Campendonk - Zwei Pferde. Result EUR 536.800*, Starting price: EUR 180.000
Lot 209: Serge Poliakoff - Composition abstraite... Result EUR 524.600*, Starting price: EUR 250.000
Lot 246: Zao Wou-Ki - 28.3.71. Result EUR 512.400*, Starting price: EUR 280.000
Lot 219: Pierre Soulages - Peinture 81 x 60 cm, 2 mai 1957. Result EUR 488.000*, Starting price: EUR 140.000
Nr. 6: De Gros-Carondelet-Stundenbuch. Flandern um 1480 und Burgund um 1485/1500. Result EUR 425.000*, Starting price: EUR 200.000
Lot 24: Gabriele Münter - Abend am See. Result EUR 415.000*, Starting price: EUR 220.000
Lot 256: Günther Uecker - Spirale. Result EUR 390.400*, Starting price: EUR 180.000
Lot 54: Gabriele Münter - Kirche an der Ramsach. Result EUR 378.200*, Starting price: EUR 120.000
Lot 16: Hermann Max Pechstein - Die Quelle. Result EUR 341.600*, Starting price: EUR 250.000
Lot 244: Georg Baselitz - Kopf (Elke Profil). Result EUR 330.000*, Starting price: EUR 180.000

“The excellent result clearly shows that next to the big international names Germany is the perfect market place for German art“, the auctioneer and company owner continues. “What I am particularly thrilled about is the increase in new customers. In 2012 on average one out of three buyers was new, in the section of art from the 15th to the 19th century even one out of two.“

Modern Art & Post War /Contemporary Art
These sections** alone, including the special auction Side lines of the German Avant-garde, made for proceeds of EUR 25,5 million*, around half a million more than last year. Bidders from more than 40 countries, most of them from Europe and the U.S.A., but also from Argentina, Brazil, Chile, China, the United Arab Emirates, from Singapore, Japan and Australia contributed to this success. Next to this year’s big players, other classics such as works by Ernst Ludwig Kirchner, Gerhard Richter and the ZERO artists also realized excellent increases.

The list of desired objects is led by German names: In the section of Modern Art it was artists such as Heinrich Campendonk, Hermann Max Pechstein and Erich Heckel and especially Gabriele Münter and Emil Nolde that made for convincing results. While a total of 22 works by the latter were successfully sold, 13 works came from Gabriele Münter, of which five even climbed to six-digit realms. Alongside German classics like Georg Baselitz, Karl Otto Götz, Ernst Wilhelm Nay and Emil Schumacher, the section of Post War/Contemporary Art was dominated by international names like Serge Poliakoff, Pierre Soulages and the Beijing native Zao Wou-Ki. His work caused a rush of bids from all over the world, most of them from China and France, his second home.

Old Masters & Art of the 19th Century

This section made for a very stable result of EUR 1,2 million*. The fact that the appeal of art from the 15th to the 19th century is increasing is proven by the fact that 46% new bidders participated in the autumn auction. Accordingly, the remarkable 34 % new customers in the 2011 autumn auction was topped, so that now every second buyers is new.
In the section of old graphic works by Albrecht Dürer, Francisco de Goya, Adriaen van Ostade, Giovanni Battista Piranesi and Rembrandt Harmensz. van Rijn, it is especially a hand drawing by Jacques de Gheyn II that is particularly worthwhile mentioning. It climbed to a price that made it the year’s most expensive work at Ketterer Kunst. After the study sheet had been ascribed just shortly before the auction thanks to intensive research, it went from its original estimate of EUR 2.000-3.000 for an excellent yet unknown Dutch work, to the amazing figure of EUR 176.900*.
In the section of Art of the 19th Century, Ferdinand Max Bredt's wonderful “Muße der Odalisken“ (calling price: EUR 25.000, result: EUR 100.000*) dominated the list of results, as well as works by Edward Theodore Compton, Hermann Corrodi, Henri-Edmond Cross, Franz von Defregger, Franz Kadlik, Adolph von Menzel, Carl Spitzweg and Franz von Stuck did.

Rare Books - Manuscripts - Autographs - Decorative Prints

With overall proceeds of more than EUR 3,3 million*, the result is more than satisfying, as it matches exactly that of last year, which was the best in more than 20 years. “Especially the two well-endowed evening auctions were popular with the audience. Additionally, both quality and a wide range of offers attract more and more new international customers who have so far had their focus mostly on fine art“, says Christoph Calaminus, auctioneer and head of the Rare Books department. This year‘s list of desires is led by the one-of-a-kind De Gros-Carondelet book of hours, which more than doubled its calling price of EUR 200.000 to a result of EUR 425.000*. Particularly thrilling was the sale of the rare exhibition catalog of the artist group “Brücke“. Bought by a book lover on a flea market for EUR 5, it realized a result of EUR 27.000* in the auction, thus yielding 540000%.

The top three in 2012 by section

Modern Art

1) Heinrich Campendonk, Zwei Pferde. Result: € 536.800*, Starting price: € 180.000, Hammer: € 440.000

2) Gabriele Münter, Abend am See. Result: € 415.000*, Starting price: € 220.000, Hammer: € 340.000

3) Gabriele Münter, Kirche an der Ramsach. Result: € 378.200*, Starting price: € 120.000, Hammer: € 310.000

Post War/Contemporary Art

1) Serge Poliakoff, Composition abstraite orange, jaune, vert, lie de vin. Result: € 525.000*, Starting price: € 250.000, Hammer: € 430.000

2) Zao Wou-Ki, 28.3.71. Result: € 512.400*, Starting price: € 280.000, Hammer: € 420.000

3) Pierre Soulages, Peinture 81 x 60 cm, 2 mai 1957. Result: € 524.600*, Starting price: € 140.000, Hammer: € 400.000

Old Masters & Art of the 19th Century

1) Jacques de Gheyn II, Studienblatt. Result: € 177.000*, Starting price € 1.800, Hammer: € 145.000

2) Ferdinand Max Bredt, Muse der Odalisken. Result: € 100.000*, Starting price: € 25.000, Hammer: € 82.000

3) Edward T. Compton, Auftrieb am Matterhorn. Result: €36.600*, Starting price: € 9.600, Hammer: € 30.000

Rare Books - Manuscripts - Autographs - Decorative Prints

1) De Gros-Carondelet Stundenbuch, Flandern um 1480 und Burgund um 1485/1500. Result: € 425.000*, Starting price: € 200.000, Hammer: € 360.000

2) Jan Huygen van Linschoten, Itinerario. Amsterdam 1595-96. Result: € 120.000*, Starting price: € 100.000, Hammer: € 100.000

3) Maximilian, Prinz zu Wied-Neuwied, Result: € 92.400*, Starting price: € 77.000, Hammer: € 77.000



*The result is the
- hammer price + 25 percent buyer’s premium for objects up to EUR 25 000
- hammer price + 22 percent buyer’s premium for objects between EUR 25 001 and EUR 500.000
- hammer price + 20 percent buyer’s premium for objects above EUR 500 001
- hammer price + 20 percent buyer’s premium for all objects in the Rare Books department

** Unlike other German auction houses Ketterer Kunst holds it auction season on several days.

Since it was founded in 1954, Ketterer Kunst has been firmly established in the front ranks of auction houses dealing in fine art and rare books, with its headquarters in Munich and a branch in Hamburg. Gallery rooms in Berlin as well as representatives in Heidelberg, Düsseldorf and Modena (Italy) 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.

Contact:

for client enquiries:

allgemein:
Ketterer Kunst
Joseph-Wild-Str. 18
81829 München
Tel. +49-(0)55244-444
Fax.: +49-(0)55244-177
E-mail: infomuenchen@kettererkunst.de

for press enquiries:

Michaela Derra M.A.
Telefon: +49-(0)89-55244-152 (Fax: -177)
E-Mail: m.derra@kettererkunst.de

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