ARTnewsletter Archive

Villa Grisebach Posts Record Sales of $37.5M

Villa Grisebach reported, on Nov. 26, that its annual turnover had exceeded E30 million ($37.5 million), the highest in the auctioneer’s history—more than comfortably surpassing last year’s total of E26.2 million ($32.6 million).

NEW YORK—Villa Grisebach reported, on Nov. 26, that its annual turnover had exceeded €30 million ($37.5 million), the highest in the auctioneer’s history— more than comfortably surpassing last year’s total of €26.2 million ($32.6 million).

Among the highlights of Villa Grisebach’s recent fall sales, held Nov. 24-26 in Berlin, Le Modèle, 1904-05, by Henri Manguin (1874-1949), flew past its €30,000/40,000 estimate to fetch €381,000 ($446,680) from a French collector.

A “Bible suite” group of paintings by Marc Chagall (1887-1985)—comprised of 24 gouaches, watercolors and drawings depicting scenes from the Old Testament—realized a total of €723,900 ($846,960). The works were purchased by bidders from France, Israel and the United States.

Postwar art also saw strong results. Struktur eines erloschenen Clan, by Gerhard Hoehme (1920-89), fetched €164,800 ($192,816) from a Swiss collector, more than tripling its €45,000 high estimate. Two works on paper by Gerhard Richter, each estimated at €40,000, were acquired at €315,800 ($369,486) in total for a private Greek collection.

Unterhaltung, 1935, by Oskar Schlemmer, sold for €783,500 ($916,700), more than double the €350,000 high estimate.

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