ARTnewsletter Archive

Ketterer and Freeman Post Strong Results for 2005

Ketterer Kunst auction house realized overall sales of E12 million ($14.3 million) for its Munich and Hamburg sales in 2005.

NEW YORK—Ketterer Kunst auction house realized overall sales of €12 million ($14.3 million) for its Munich and Hamburg sales in 2005.

The auctioneer said its traditional Munich sale “Classics of the 20th Century” on Dec. 5, accounted for €5 million ($5.9 million) of the total. The highlight was a portfolio of 12 prints by Wassily Kandinsky that sold for €175,500 ($208,000), bettering the €150,000 estimate.

This was followed by Ernst Ludwig Kirchner’s watercolor Two Nude Girls by the Stove, which fetched €140,000 ($166,800), nearly triple the E50,000 estimate.

Auctioneer and managing director Robert Ketterer attributes the strong results to new bilingual catalogues, extended Internet activities and special, themed auctions such as its recent “Light, Space and Gesture” sale, also held Dec. 5. More than 90 percent of the lots at that auction were sold, scoring €3.4 million ($4 million).

The top lot was Expressive Landscape, by Willi Baumeister (1889-1955), which sold for €240,000, or $283,000 (estimate: €140,000).

Freeman’s auctioneers, Philadelphia, also scored healthy 2005 results, posting overall sales of $21.25 million, a record for the 200-year- old auction house.

The Dec. 4 sale of American and European paintings and sculpture earned $3.7 million, with a sell-through rate of 83 percent. Among the top-selling lots recorded were two by Edward Willis Redfield: His Washington’s Birthday, New Hope fetched $453,625, and his Snow Storm-Limeport brought $252,025. In June the artist’s Home by the River had sold at Freeman’s for $567,750. Paintings accounted for more than $7.5 million of the annual total.

  • Issues