German Spring Auctions Offer Rare Works but Fall Short of New York Records

German auction houses are preparing for their spring and summer sales, featuring rare works by artists such as Renoir and Kandinsky. While the lots include several million-euro pieces, the results are expected to be far below the billion-dollar totals of New York evening sales. German houses have adopted the evening sale format but cannot match the US market's scale. The article notes that it can be strategically advantageous to consign certain works in Germany rather than the US. The text is behind a paywall, requiring a subscription to Monopol Plus for full access.