Villa Grisebach held an evening sale of 20th Century art on December 1, 2016 that totaled nearly €22m, a record sale for the Berlin auction house. Here’s the company’s take on the sale:
With spectacular 21,6 Million EUR revenue in the evening auction on the 1st of December Grisebach had the most successful auction in its 30-year long history. Grisebach, the Market Leader in Germany, is Nr.11 in the world according to the 2016 Art & Auction Listing of the 250 biggest auction houses.
At the head of the evening was Lyonel Feiningers „Yellow Lane “ from 1932, which after several minutes of heated bidding was raised up by a Swiss bidder from an estimated price of 1 Million EUR to 3,75 Million EUR. The second highest price was reached with 3,125 Million EUR a „still live“ from Max Beckmann (estimatedt price 700.000-900.000 EUR), which was sold to an american bidder.
Beforhand three paintings from Emil Nolde were sold to a german private collection: two floral still lifes for each 1 Million EUR and one seldom sea painting for 1,25 Million EUR. In the first two days of the auction week the total revenue is around 25 Million EUR.