DIn terms of auctions in the country, the German art market has received more international attention in the past year than ever. He walked out of the shadow of European competition, such as in Paris. So far, London’s dominance has remained unchanged.However, he has Brexit Have a significant impact on the international art business. The reason for the increased interest in the German market is the good results that can be achieved-although the pandemic continues or worsens. Here, only local houses can use the market through auction—at least for now. In many unexpectedly fast, smooth and efficient innovations, you have adapted to the conditions imposed by Covid-19: numerous online auctions including written and telephone participation; and then finally through necessary hygiene measures may happen Mixed events.
The price realized in the process has attracted reasonable attention. In mid-July 2020, Ketterer did it in Munich Gerhard Richters The portrait of the sisters “Christiane and Kerstin” was sold for 2.1 million euros, probably from a bidder from Hong Kong. Lempertz of Cologne closed George de La Tours’s “La fillette au braisier” for 3.6 million euros; this exquisite old master was auctioned off together with 21 other lots in the collection of entrepreneur Hinrich Bischoff. This spring, the Louvre Abu Dhabi announced that it has become a buyer. In the 2020 crisis year, Germany has a total of four surcharges exceeding 1 million euros.
Can the road to success continue, at least as long as potential buyers continue to be restricted in viewing artworks and acquisitions? Although only half a year this year, the first balance sheet looks very positive. It is even possible to determine further growth in more than one area: the art offered in auctions is not only of higher quality. But the wealthy customer base, especially the high-priced customer base, has also become more international. This is what the top works we show here represent.
Among the houses in Germany, including important summer auctions, as of July, there have been 8 transactions at a price of 1 million euros, and there are several times as many; including their respective premiums, more than a dozen realized prices are all in The million mark. The premium that should be paid during the auction is the consignor, but first the buyer, which must be paid, and is now between 20% and 25% of the total hammer price on the buyer’s side. This is the real business of an art auctioneer.
It is worth noting that five of the top lots are from important collections, and German houses can sell these collections from them in whole or in part. Therefore, they also brought them expensive sales below the million mark.This Deutsche BankFor a period of time, in order to create space for contemporary objects, Ketteler Ernst Wilhelm Nays’ 1967 “Doppelspindel-Rot” (our picture 2) contributed to her being separated from her previous capital collection for a period of time and far exceeded expectations; The factory went to Switzerland.
