Gabriele Munter Leads Ketterer Kunst $6.92m 'Day Sale' in Munich

A work by Gabriele Munter was the headline sale at Ketterer Kunst 'Day Sale' on June 7 in Munich.

• The sale totaled $6.92m (EUR7.32m), meeting the pre-sale estimate.

Snapshot of the sale

• 138 works sold totaling $6.92m.
• Estimates totaled: $5.61m (low) and $7.81m (high), excluding premiums.
• The sell-through rate was 75% of the original 183 lots announced.

The star lot was: Gabriele Munter, Stillleben mit Sommerblumen (1950), which sold for $180,900, 221% above its $56,200 low estimate. It has been traded 3 times in the past.

The outperformer sold for 650% above its low estimate. Max Beckmann, Großes Selbstbildnis (1919), sold for $50,700 ($6,746 low estimate). It has been traded 3 times in the past.

• 80 works, or 58%, sold above their high estimate.
• 56 works, or 41%, sold within their low and high estimate.
• 2 works, or 1%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

No sales had a guarantee.

Works that did not sell

45 works were bought-in, including: Anselm Kiefer, Leonardo Pisano - liber quadratorum geometriae (Aus der Serie "Freimaurer" (2007), estimated at $90,000 (low) to $134,900 (high). It has not been traded before.

Withdrawn before the sale

0 works were withdrawn

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. Estimates, sale prices and totals are converted into US dollars. 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Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.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.