|Successful auction season start in Munich: Nesch takes it all|
Rolf Nesch, Große Elbbrücke II, 1932. Metal print in colors, 45 x 59,5 cm (17.7 x 23.4 in). Starting price: 5.600. Result: 165.000*.
MUNICH.- With an overall result of 3,4 million* in the April auctions, the season made a promising start, especially as this result tops that of last years spring auction by 1 million. Besides the high quality on offer, it is particularly the crisis-proof form of investment that is most convincing. Some 21 results above the 20.000 mark in both auctions of 'Art from the 20th/21st century of up to 20.000' clearly support this. I am already looking forward to this seasons main auction on 8 June, comments Robert Ketterer on the first part of the spring auctions **.
The companys owner continues: More than 30% first time buyers once more confirm fine arts increasing appeal. The average increase of 203% per sold lot in the collection Schiefler delivers additional proof thereof."
Modern Art with Collection Schiefler II
The section of Modern Art opened the two-day auction marathon. With Rolf Neschs color metal print Große Elbbrücke II (lot 458) it also delivered the auctions top lot par excellence. Called up at 5.600, a private collector from Germanys north honored the fine sheet from an edition of just 8 copies with a result of 165.000*. Next to the auction room, he also relegated five international phone bidders to places second and beyond.
All other works by the artist in this auction were also sold, almost entirely with remarkable increases. For instance the Hafenbrücke from 1932 climbed from its starting price of 16.000 to 61.000*. A private collector from Oslo outbid his fellow countrymen, several bidders from Southern Germany and a Northern German museum. However, when the portrait Gustav Schiefler (lot 454) was called up he stood no chance. An art dealer from Norway relegated him as well as German competitors to places second and beyond by offering 25.000*, which amounted to more than a thirty-fold of the starting price of 800, making it the number one lot in this auction in terms of increase.
Works by Hermann Max Pechstein made for excellent results, first and foremost his lithograph in colors Mann und Weib (lot 478), which was especially popular with American bidders. The trophy, however, was won by the Norwegian art dealer, who had already been successful with the Nesch works. Eventually, he paid the overall result of 117.000* for the rare sheet from the Brücke days in 1909.
While a German collector let Karl Schmidt-Rottluffs Szene (lot 479) from 1910, which was called up right after the Pechstein, soar from 20.000 to 54.000*, Emil Noldes watercolor Apostelkopf (lot 461) reached remarkable heights of 51.000* and accordingly a six-fold of its starting price of 8.000. This work also remains in Germany.
The 18 works by Ernst Ludwig Kirchner, which were entirely sold above their estimates, also made for excitement in the auction room. As expected, the list was led by the hand-colored woodcut Kleines Variete mit Sängerin (lot 422) from 1912, for which a Franconian private collector had to fight off competitors from Great Britain and Switzerland with an overall result of 49.000*.
Post War/Contemporary Art
This section is led by Georg Baselitz's 1982 work in blue ink on paper (lot 585), which, called up at 10.000, achieved almost three times its starting price with a result of 27.500*. It went to a private collector from Southern Germany, who stood his grounds against competitors from all over Germany.
While second place went to Markus Lüpertz and his Rückenakt (lot 720), which went to a bidder from Austria for 23.000*, and third place to Otto Pienes Bretzelstrum (lot 772) for a result of 22.500*, fourth place is shared among three artists at a time: Both Heinz Macks object Doppel-Flügel (lot 729) and Hans Hartungs untitled color chalk drawing (lot 512) as well as Markus Lüpertz's bronze Daphne 7 (lot 719) were sold for 20.000* each. The first two will remain in Germany while the latter will find a new home in Austria.
Unsold objects can be purchased in the post-auction sale until 20 June. Result lists for both auctions are available by phone under +49-89-552440
*The result (figures are rounded) is the hammer price
+25 percent buyer's premium for objects up to 25 000
+22 percent buyer's premium for objects as of 25 001
+20 percent buyer's premium for objects as of 500 001
** Unlike other German auction houses, Ketterer Kunst holds it auction season on several days. The main auction of Modern and Contemporary Art will take place on 8 June, 2013.
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