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New CEO Shelves Predecessor's Plan to Sell Bank's Masterpieces


New CEO Shelves Predecessor’s Plan to Sell Bank’s Masterpieces
Jul 28 2021, 7:47 PM
July 28 2021, 6:23 PM
July 28 2021, 7:47 PM
(Bloomberg) UniCredit SpA is halting the planned sale of some works of art from a collection dating as far back as the Renaissance, marking the reversal by new Chief Executive Officer Andrea Orcel of a signature policy from his predecessor.
(Bloomberg) UniCredit SpA is halting the planned sale of some works of art from a collection dating as far back as the Renaissance, marking the reversal by new Chief Executive Officer Andrea Orcel of a signature policy from his predecessor.
“UniCredit is halting any further sales and launching new and innovative initiatives to support art and culture,” Orcel said in a statement on Wednesday. Art and culture “have a deep social value and are closely intertwined with the social function that I believe a bank needs to have in all its communities.” ....

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Germany's Auction Market Has Remained Strong Through the Pandemic. Now, It's Poised to Make Even Bigger Gains


Germany’s Auction Market Has Remained Strong Through the Pandemic. Now, It’s Poised to Make Even Bigger Gains
Germany s auctions saw more and more works going over the €1 million mark and international auction houses like Sotheby s have noticed.
July 12, 2021
An employee of Grisebach auction house hangs giant photos by photographer Frank Thiel of the Allied soldiers who once patrolled Berlin that have been displayed at Checkpoint Charlie ar up for auction in Berlin on November 20, 2019. Photo by Tobias Schwarz/AFP via Getty Images.
Sebastian Neußer, a director at Ketterer Kunst, was reclining in a chair in the company’s Munich salesroom with a phone pressed to his ear. He was bidding on behalf of a client for an abstract oil on canvas by German modernist Ernst Wilhelm Nay. ....

New York , United States , Hong Kong , France General , South Tyrol , Trentino Alto Adige , City Of , United Kingdom , Henrik Hanstein , Donata Richtsteig , Wassily Kandinsky , Lempertz Hanstein , Dirk Boll , Ernst Wilhelm Nay , Deutsche Welle , Ketterer Kunst , Frank Thiel , Andy Warhol , Kunsthaus Lempertz , Max Liebermann , Cardinal Meisner , Sebastian Neu , Rolf Vennenbernd , Tobias Schwarz , Sebastian Fahey , European Federation Of Auctioneers ,

Ketterer Kunst announces results of Rare Books Auction in Hamburg


Ketterer Kunst announces results of Rare Books Auction in Hamburg
Aristotle, Logica vetus, Pergamenthandschrift, um 1250. Estimate: € 60,000 / $ 70,200. Sold: € 90,000 / $ 105.300.
HAMBURG
.- With total proceeds of more than 1.4 million, the Rare Books Auction at Ketterer Kunst in Hamburg on May 31, 2021 yielded a very good result. The sales quota in the Evening Sale alone was at 85 % and many of the objects on offer changed owners with excellent price increases. The evening‘s undisputed star was a 13th century vellum manuscript with texts on logic by Aristotle.
With the “Logica vetus“ Aristotle did not only lay the foundations for higher education in all of medieval Europe, but also had an impact on methods and discussions in almost every other scientific discipline. In light of this it is little surprising that this extremely rare compilation of medieval texts was hotly contested by a number of proxy bids and online bidders, as well as by nearly half a do ....

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Digital technology spurs Ketterer Kunst to world records in Covid year


Digital technology spurs Ketterer Kunst to world records in Covid year
Gerhard Richter, Christiane und Kerstin. Estimate: € 580,000. Sold for: € 2,625,000.
MUNICH
.- Proceeds of nearly € 30 million grossed in the second half of 2020 made for the best season result on the German market for the fifth consecutive time for Ketterer Kunst, the leading auction house for Art of the 19th, 20th and 21st Century. A sales total of € 60 million for all of 2020 repeatedly confirmed the houses number one position in the ranking of German art auction houses. Despite Covid, the company keeps up with the record level of the two previous years. With 126 results in six-figure realms, the to date record mark of 114 was also topped. Additionally, three results beyond the magic million euro line, as well as numerous world records also contribute to the company’s excellent standing. ....

New York , United States , Schleswig Holstein , City Of , United Kingdom , Ernst Wilhelm Nay , Karl Hofer , Ernst Ludwig Kirchner , Henri Michaux , Otto Piene , Christoph Calaminus , Ketterer Kunst , Ruine Frankenstein , Edward Theodore Compton , Seerosen Schwielowsee , Karl Hagemeister , Adolf Frohner , Sarah Mohr , Edward Cucuel , Robert Ketterer , Karl Philipp Fohr , Carl Spitzweg , Arnulf Rainer , Emil Schumacher , Hermann Nitsch , Tony Cragg ,