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Auctions at Ketterer Kunst with Modern Art and a US-Focus - Stable Autumn Results

12-21-2016 05:54 PM CET | Arts & Culture

Press release from: Ketterer Kunst

The result of EUR 625,000*  - a European record* for H. Frankenthaler's “Marchioness”

The result of EUR 625,000* - a European record* for H. Frankenthaler's “Marchioness”

Munich, 21 December 2016 (kk) – It was a very good auction. “We were able to achieve many records and excellent overall results. All in all around 70% of the objects were sold, making for total proceeds of around EUR 22 million before the post-auction sale“, says Robert Ketterer. He continues: “The increasing appeal of contemporary art has been proven by some 30% first-time buyers in the respective auction and the collection “Good Taste“.

Top 5

Lot 226: Emil Nolde – Figur und Clematis. Result EUR 725,000*, starting price: EUR 500,000
Lot 833: Helen Frankenthaler – Marchioness. Result EUR 625,000*, starting price: EUR 200,000
Lot 266: H. Max Pechstein – Wintermorgen. Result EUR 537,000*, starting price: EUR 75,000
Lot 830: Sam Francis – Over orange. Result EUR 475,000* starting price: EUR 120,000
Lot 835: Sam Francis – White line. Result EUR 450,000*, starting price: EUR 120,000

Another high-ranking artist in the auction was Hermann Max Pechstein, whose work “Wintermorgen” (lot 266) made for more than a seven-fold of its calling price of EUR 75,000. An art lover from the south of Germany relegated competitors from the rest of the country, Austria and Switzerland to places second and beyond with her offer of EUR 537,500*. The 1922 oil painting “Rote

Häuser” (lot 221) saw a likewise tremendous increase and soared from an initial price of EUR 160,000 to a result of EUR 437,500*. A persistent collector from Hesse stood her grounds against tough opponents in the saleroom, the long list of written bids and a persevering phone bidder from Switzerland.

The sculpting section was dominated by Georg Kolbe's ”Auferstehung” (lot 255), which was sold for a price of EUR 155,000* (starting price: EUR 35,000) to a Southern German collection and the bronze “Der Flötenbläser” (lot 224) by Ernst Barlach. A collector from Hesse won the plastic for a result of EUR 112,500* after fighting a battle against a tough phone bidder from Northern Germany.

Half a dozen works on paper by Ernst Ludwig Kirchner were also much sought-after and were almost entirely sold with remarkable price rises, first and foremost the work “Badende am Ufer” (lot 220) which will remain in Southern Germany with a result of EUR 106,250*.

Excellent results were also realized by the following:

Lot 205, Kandinsky (oil), Tunis – Strand. Starting price EUR 150,000, result EUR 193,750*
Lot 208, Münter (oil), Murnau, Hauptstrasse am Sonntag … Starting price EUR 120,000, result EUR 175,000*
Lot 263, Amiet (oil), Lueg (Landschaft bei Oschwand). Starting price EUR 40,000, result EUR 112,500*
Lot 201, Werefkin (oil), Souvenir. Starting price EUR 70,000, result EUR 106,250*

2. Post War Art

This department was clearly led by Helen Frankenthaler's work “Marchioness“ (lot 833), whose admirers did not only come from Germany. Phone bidders from the Netherlands, Great Britain and from several places in the US were ready to contend with each other for the large-size work. Eventually a private collector from Luxemburg won the race and will carry the trophy home for a result of EUR 625,000*, This is more than a three-fold of the starting price of EUR 200,000 and a new record price* for a work by the artist in Europe. So far higher prices had only been realized in New York*.

Sam Francis was another star of the evening. His seven works on paper were at the top of buyers' wish lists and were all sold with excellent price rises. The two works ”Over Orange (SF58-058)” and “White line (SF59-283)”, called up at EUR 120,000 each, made for a dense atmosphere in the saleroom. More than 30 phone bidders for both works came from, among others, Belgium, China, France, Great Britain, the Netherlands and, of course, the USA, providing a remarkably thrilling bidding skirmish that ended with a new auction record* for a work by Sam Francis in Germany: While lot 830 found a new home in Israel for EUR 475,000*, lot 835 will remain in Germany for a price of EUR 450,000*.

It took the sum of EUR 362,500* for a Swiss collector to win Willi Baumeister's “Phantom mit Rot” (lot 802). After it had been called up at EUR 250,000, he defended the work with great pertinacity against mainly German competitors.

The appeal of ZERO art is still high and the triumvirate Günther Uecker, Otto Piene and Heinz Mack alone was represented with around 60 lots which saw a very good sale. Next to Heinz Mack's lot number 817, which was sold to Belgium for a price of EUR 225,000*, Otto Piene's “Tandem“ (lot 856) went to a collector in Luxemburg for a result of EUR 187,500* and Günther Uecker's “Handlung“ (lot 878) was sold to a German art trader.

More great results were realized by the following works:

Lot 847, Castellani, Superficie bianca. Starting price EUR 260,000, result EUR 337,500*
Lot 823, Vasarely (acrylic), Korna. Starting price EUR 90,000, result EUR 275,000*
Lot 805, Nay (oil), Drei gelbe Scheiben. Starting price EUR 170,000, result EUR 225,000*
Lot 865, Graubner (object), Farbraumkörper. Starting price EUR 70,000, result EUR 193,750*

3. Collection Good Taste / Contemporary Art

A selection of around 50 choice artworks presented in the small but fine extra catalog “Good Taste – A private Collection“ was met with great attention. The range of works in this exquisite collection of a Southern German architect was led by “Study for Homage to the Square: Two Yellows with Silvergray“ (lot 770), an oil painting by Josef Albers. Under lively participation of bidders from Germany, Switzerland and the USA, the bright yellow work soared from its calling price of EUR 180,000 to the superb result of EUR 387,500* offered by a phone bidder from the US East Coast.

Gerhard Richter's untitled color photograph (lot 781) found a new home in Switzerland after the battle had been fought out among half a dozen written bids and more than a dozen phones from all over the world. In the end it was no big surprise that a four-fold of the calling price of EUR 38,000 was realized at a result of EUR 150,000*.

Some more good results:

Lot 784, Imi Knoebel (oil), Pure Freude 84. Starting price EUR 59,000, result EUR 125,000*
Lot 769, Caro A. (sculpture), Table Piece CCCLVI. Starting price EUR 30,000, result EUR 87,500*
Lot 782, Richter G.(color photograph), Untitled. Starting price EUR 18,000, result EUR 77,500*

The range of offers in the department of Contemporary Art, with the acrylic work on aluminum “Kreuz und quer“ (lot 696) by Imi Knoebel at its top, was very popular with the audience. With strong headwinds from Belgium, Southern Germany and, of course, the Rhineland, it was eventually sold to a private collection in Hesse for a result of EUR 127,500*. At the same time a new record* was set, as this was the first time that the 100,000 euro line was crossed for a work by the artist in Germany.

Some more good results:

Lot 709, Fetting (oil), Iris. Starting price EUR 25,000, result EUR 85,500*
Lot 673, Ghenie (oil), Untitled. Starting price EUR 25,000, result EUR 72,500*
Lot 652, Struth (color photograph), Gerhard Richter 1. Starting price EUR 40,000, result EUR 62,500*

Unsold objects can be purchased in the post auction sale until January 2017. Result lists are available by phone on +49-89-552440.

* The rounded result is the hammer price + 25 % premium without VAT for hammer prices up to EUR 500,000.The share of the hammer price above EUR 500.000 is subject to a premium of + 20 % without VAT, which is added to the premium for the hammer price up to EUR 500.000.
* Source: www.artnet.de

Since it was founded in 1954, Ketterer Kunst has been on the forefront of auction houses dealing in Fine Art and Rare Books, with its headquarters in Munich, and a branch in Hamburg. Representatives' offices in Berlin, Heidelberg, Dusseldorf, the Benelux Union, France, Switzerland and the US have contributed substantially to the company's success. In addition, exhibitions, special thematic and charity auctions as well as monthly online auctions at www.ketterer-internet-auction.com are regular events at Ketterer Kunst. Robert Ketterer is owner and CEO of Ketterer Kunst.

Press inquiries:

Ketterer Kunst
Joseph-Wild-Str. 18
81829 München
Michaela Derra M.A.
Telefon: +49-(0)89-55244-152
Fax: +49-(0)89-55244-177
E-Mail: m.derra@kettererkunst.de
www.kettererkunst.de

Client inquiries:

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

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