Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,138.10 +100.88 0.67%
Hang Seng 23,082.70 +38.44 0.17%
S&P/ASX 200 5,180.77 +15.11 0.29%

Berlin Auction Raises $1.3 Million for Visiting Artists

The American Academy in Berlin said it raised 1 million euros ($1.3 million) at an art benefit auction to fund visits by distinguished artists from the U.S. to the German capital.

The top lot at the Nov. 30 sale at Berlin’s Villa Grisebach was Julie Mehretu’s painting “Four Fold,” which reaped 268,400 euros, the American Academy said in an e-mailed statement.

Other highlights included a Guenther Uecker nail sculpture, which fetched 195,200 euros, and a Max Beckmann charcoal drawing which sold for 19,500 euros to Indiana University Art Museum.

The scholarship will be known as the Max Beckmann Distinguished Visitorship in honor of the German artist, who spent the last years of his life in the U.S. after World War II.

His granddaughter is supporting the visitorship, which will include teaching and curating an exhibition in Berlin, the Academy said. The first distinguished visitorship is scheduled for 2015.

Muse highlights include Elin McCoy on wine, Martin Gayford on art, Warwick Thompson on theater and Jeremy Gerard on U.S. theater.

To contact the writer on the story: Catherine Hickley in Berlin at chickley@bloomberg.net.

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net.

Enlarge image Beckmann Auction

Beckmann Auction

Beckmann Auction

American Academy via Bloomberg.

A charcoal drawing by Max Beckmann is auctioned at the Villa Grisebach in Berlin. The auction, organized by the American Academy, raised $1.3 million for a visitorship for distinguished U.S. artists.

A charcoal drawing by Max Beckmann is auctioned at the Villa Grisebach in Berlin. The auction, organized by the American Academy, raised $1.3 million for a visitorship for distinguished U.S. artists. Source: American Academy via Bloomberg.

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link