The ten most expensive works of German artists from the beginning of 2010 included works by Martin Kippenberger, Andreas Gursky and Neo Rauch

French information resource examines the best representatives of the auction results of German modern art.

works of German artists are not uncommon in the lists of the top lots of auctions of contemporary art. In the first half of 2010 particularly strong demand of the three authors of German origin: Martin Kippenberger (Martin Kippenberger), Andreas Gursky (Andreas Gursky), and Neo Rauch (Neo Rauch).

at a public auction works All three artists at least once already overcome the cost barrier of one million dollars. Despite the fact that many of their works sold it in Germany, the most valuable works mostly go under the hammer in London and New York, with a significantly higher amount.

Top 10 best auction results of modern German artists (2010)

	Author	price hammer U.S.	Title	Auction
1	Martin Kippenberger	3,523,725	Flying Tanga	Christie's London, February 11, 2010
2	Andreas Gursky	1,445,035	Madonna I (2001)	Sotheby's London, February 10, 2010
3	Martin Kippenberger	1,326,248	spread mediocrity	Christie's London, June 30, 2010
4	Martin Kippenberger	1,226,700	Dinosaur Eggs	Sotheby's Amsterdam, March 8, 2010
5	Martin Kippenberger	1,127,592	Untitled (1983)	Christie's London, February 11, 2010
6	Neo Rauch	895 000	Search (2004)	Christie's New York, 11 May 2010
7	Neo Rauch	812 760	Assistant (1997)	Christie's London, February 12, 2010
8	Neo Rauch	753 550	SUB (2000)	Christie's London, June 30, 2010
9	Andreas Gursky	750 000	Chicago. Chamber of Commerce (1997)	Christie's New York, 11 May 2010
10	Andreas Gursky	723 168	Steytvill, Illinois (2002)	Sotheby's London, June 28, 2010

Martin Kippenberger (1953-1997)

Four works of Martin Kippenberger are five of the most expensive work of contemporary German artists in the first half of this year. First place ranking is the Flying Tango, "which was sold in February at the London auction Christie's for 3.5 million dollars. On the same bidding his song without a title from the series "Dear artist, write to me," was sold for 1.1 million dollars (5 th). A month later, in March 2010, at Sotheby's in Amsterdam, his painting "Dinosaur Egg" was sold for 1,2 million dollars (4 th). And in late June at an auction of contemporary art at Christie's in London Kippenberger painting "Propagation of mediocrity" found a buyer for 1.3 million dollars, becoming the third in our list, the best results of German authors. All four mentioned paintings went under the hammer for amounts in excess of one million dollars. During the first half of 2010 of Kippenberger already given 70%of the proceeds from his works in throughout 2009.

MARTIN Kippenberger Flying Tanga 1982-1983 Oil on canvas, mixed media five parts, each: 120 x 100 Christie's. 11/02/2010. Lot № 44 Estimate: 0,8-1,2 million pounds Result: 2.56 million pounds (3.5 million dollars) Source: christies.com

Kippenberger died in 1997 at the age of 44, leaving a solid collection of works. Two years later, in November 1999, at Christie's in New York from his job without a title in 1988 was sold for 650 thousand dollars, ten times the upper estimate. While the artist was alive, none of his works at auction did not reach the sum over 15 thousand dollars.

Catalyzed posthumous Kippenberger participation in the 50 th Venice Biennale in 2003, the price index of all his works two years increased by 219%in the sale were two hundred of his works. Year 2008 was not too optimistic: 62%of bids pictures Kippenberger found no buyers. In 2009, the still volatile market, the total value of his works at auctions grew by 1.171%, reaching 7,8 million euros. The bulk of this amount was earned from the sale at Sotheby's in New York on his anonymous work in 1988 for 3,6 million dollars. In the period 2009-2010 the number of transactions with low-cost (up to 5,000 dollars) works Kippenberger was only 6%of the total, up 24%less than that of 1997-2009 years.

Andreas Gursky (1955)

In 2008-2009 the price index of works by Andreas Gursky fell by 51%, but in early 2010 his picture, "Madonna I» (2001) at Sotheby's in London, earned 1.4 million dollars. This is the second work in our ranking and the second most expensive work Gursky. Three months later, at Christie's in New York, Chicago. Chamber of Commerce has achieved results in 750 thousand dollars (No. 9). In 2003, the same work to be auctioned for 420 thousand dollars. Finally, in June 2010 photo (sibahrom) 2 x 3 m, entitled "Steytvill, Illinois found a buyer for 723,168 dollars (10 th).

Somehow In any case, all the latest results of the auction sales Gursky is far from a record in 2007, when his work "99-cent II» (2001) paid at Sotheby's 2,9 million dollars.

Despite overall recovery of the market, buyers are still selective: 39%of the work Gursky in the first half of 2010 were not sold. On the other hand, in June 2009 the number of transactions with relatively inexpensive (up to 7,000 dollars) works Gursky was 41%of the total number of transactions, which is 39%less than that of 1997-2009.

At the moment, the auction result is Andreas Gursky among contemporary photographers of the highest: the total value of his works since July 2009 is 4,5 million dollars, 97%of which were earned in the U.S. and the UK. In 2009-2010, 14%Gursky works were sold in Germany, 80%of these transactions relate to work up to 10 thousand dollars.

Neo Rauch (1960)

15 August 2010 Neo Rauch celebrated its 50 th anniversary retrospective of the work in the Leipzig Museum of Art and the Neue Pinakothek in Munich. Preceding half-year anniversary of the artist was successful for his auction results: sold 15 of his works, three of which are in current rating. Painting "Search" brought 895,000 dollars at Christie's in New York, "The Assistant" in 1997 went under the hammer at London auction Christie's for 812,760 dollars, nearly double the upper estimate, and the work «SUB» found a buyer for 753,550 dollars, missed to estimate at the London auction Christie's.

Neo Rauch SUB. 2000 Oil on canvas. 240 x 200 Source: christies.com

price index of the works of Neo Rauch, one of the main representatives of the "New Leipzig School" has grown to 85%2009 in the wake of October's record auction of Contemporary Art Christie's, when the work of Rauch "signal box" was sold for 1,227,780 dollars (the only result of the artist above one million dollars).

87%of the total Income from operations Rauch brought trading in the U.S. and UK. However, sales by British and American auctions represent only 38%of the total number of transactions. On the German market is 60%of the total number of deals with the work of Rauch, but 64%of them relate to work no more than 15 thousand dollars.

material was prepared by Maria Onuchina, AI

Sources: artprice.com , artinvestment.ru