3 min read · 14 Jun 2024
Spanische Tänzerin by Alexej Jawlensky sold for $9.02m. Image courtesy of Ketterer Kunst
A work by Alexej Jawlensky was the headline sale at Ketterer Kunst 'Evening Sale' on June 7 in Munich.
The star lot was: Alexej Jawlensky, Spanische Tänzerin (1909), which sold for $9.02m, 18% above its $7.6m low estimate. It has been traded 4 times in the past.
The outperformer sold for 225% above its low estimate. Ernst Ludwig Kirchner, Tanz im Varieté (1911), sold for $7.52m ($2.17m low estimate). It has been traded 4 times in the past.
Breakdown of results against auction house estimates that are disclosed
No sales had a guarantee.
7 works were bought-in, including: James Rosenquist, Playmate (1966), estimated at $1.09m (low) to $1.63m (high). It has been traded twice in the past.
2 works were withdrawn before the sale, including: Karin Kneffel, Äpfel (Untitled F LXXIV) (1999) estimated at $130,300 (low) to $162,900 (high).
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.