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Auction house Villa Grisebach realized a healthy total—albeit down by about €6 million from last fall’s—of €16 million ($20 million) for its late-November series of five sales, including photography and 19th- and 20th-century art.
After a calendar shift and a recent change in leadership, organizers of Germany’s Art Cologne fair, held April 16-20 at the Koelnmesse exhibition center, reported attendance of 55,000 visitors this year, down from the 60,000 reported last year, and a considerable drop from the 68,400 recorded in November 2006 (ANL, 12/12/06). Read More
German auction houses reported solid autumn sales across the board, allaying fears about the impact of the subprime mortgage crisis on U.S. and European demand for both historic and contemporary artworks. Read More
Though still small when compared with auction markets in the U.K. and the U.S., Germany’s is undoubtedly on the the rise. The large auction houses—Lempertz, Cologne; Villa Grisebach, Berlin; Nagel, Stuttgart; and Neumeister, Munich—posted second-quarter figures with increases up to 50 percent above the same period in 2006. Read More
Prices climbed higher than expected at the German auctioneer Ketterer Kunst’s first spring auction of Old Masters, 19th-century art and marine art on March 31. The sale brought in more than €500,000 ($650,000). Read More
Germany’s top two auction houses— Lempertz, Cologne, and Villa Grisebach, Berlin—report 2006 totals that surpass year-ago sales by more than 30 percent. Lempertz posted €53 million ($70 million); Villa Grisebach followed with €40 million ($52 million). (For the year 2005, each house posted a total of approximately €30 million, or $37.5 million.) Read More
The 40th edition of Art Cologne, held from Nov. 1-5, posted strong sales and drew praise from dealers, who say the reduced number of exhibitors, down from 180 last year to 150, improved the overall quality of the fair. The public flocked to the event: 16,000 came on the preview day alone, with overall attendance at 68,400 by fair’s end. Read More
German auction houses experienced strong sales growth in 2005, particularly in their winter auctions.
The three market leaders marked two-figure increases on their bottom lines. Lempertz, Cologne, made €38 million ($44.85 million) with their sales of a wide range of art (including
photography). Berlin-based Villa Grisebach (see ANL, 12/6/05), which focuses on art of the 19th-21st centuries, came close to that with their turnover of €37.76 million ($44.55 million). Third was Nagel, Stuttgart, with their best result yet, €28.5 million ($33.63 million). Read More
The first edition of ViennAfair—Austria’s new fair for contemporary art—was held at the Messezentrum Wien from April 21-24 and produced healthy sales for many of the 96 participating galleries. Most exhibitors were from Austria, with 19 from eastern Europe and a few others from countries including Germany and Spain. A number of galleries reported total sales upward of $260,000. Read More
A recent exhibit of works by Korean-born painter SEO, 27, at Thomas von Lintel Gallery, Manhattan, from Nov. 18-Dec. 23, was sold out on opening night. Prices for SEO’s works range from $7,500/16,500, depending upon size. Her smaller works on paper are selling for approximately $2,000. Read More