Munich-based auction house Ketterer Kunst reported healthy results for its spring sales of Old Master, modern and contemporary art late last month.
NEW YORK—Munich-based auction house Ketterer Kunst reported healthy results for its spring sales of Old Master, modern and contemporary art late last month. “The start of the season couldn’t have been any better,” said owner and auctioneer Robert Ketterer.
Among the top lots in the sale of modern and contemporary art on April 23–24 was Zwei Frauen, 1924, a watercolor by Weimar-era artist Otto Griebel (1895–1972). Bidding opened near €20,000 ($26,700), and the work eventually sold for €159,000 ($212,000) to a Greek buyer.
Ketterer said the same buyer also won the second-highest lot, Schwarzer Winkel mit Goldkreis, 1922, a woodcut relief by Erich Buchholz (1891–1972), which took €70,760 ($94,800) and for which bidding started at €12,000 ($16,000). Among sculpture offered in the sale, the top price of €49,000 ($65,400) was given for Ernst Barlach’s Das Wiedersehen (Christus und Thomas), 1926, of plaster with brownish ochre, for which bidding began at €18,000 ($24,000).
Among the Postwar and contemporary lots on offer, a Berlin-based buyer paid €32,000 ($42,700) for an Andy Warhol color silk screen of Mick Jagger, after bidding climbed from €8,000 ($10,700). In all, the modern and contemporary sections of the sale made a total of €2.3 million ($3million).
In the Old Master and 19th-century art category, the top lot was Rückkehr der Fischer, an oil on panel by Hendrik Willem Mesdag (1831–1915), which sold for €144,000 ($192,100) to a collector from southern Germany, well above the opening price of €30,000 ($40,000). It was followed by Vertwitterter Baumstamm, 1830, a small oil-on-paper landscape by Karl Blechen (1798–1840), which sold to a Swiss collector for €90,280 ($121,000) after bidding opened at €10,000 ($13,300).