Alexej Jawlensky Leads Ketterer Kunst $43.83m 'Evening Sale' in Munich

A work by Alexej Jawlensky was the headline sale at Ketterer Kunst 'Evening Sale' on June 7 in Munich.

• The sale totaled $43.83m, exceeding the pre-sale high estimate.

Snapshot of the sale

• 60 works sold totaling $43.83m.
• Estimates totaled: $28.5m (low) and $41.27m (high), excluding premiums.
• The sell-through rate was 87% of the original 69 lots announced.

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.

• 40 works, or 67%, sold above their high estimate.
• 20 works, or 33%, sold within their low and high estimate.
• 0 works, or 0%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

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.

Withdrawn before the sale

2 works were withdrawn before the sale, including: Karin Kneffel, Äpfel (Untitled F LXXIV) (1999) estimated at $130,300 (low) to $162,900 (high).

Terms and definitions

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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.