MUNICH.- Max Pechstein’s masterpiece with painting on both sides achieved a sensational result of € 3.500.000* in Ketterer Kunst‘s auction of Modern and Contemporary Art. “Thus the work did not only set a new world record* for a painting by the artist, it is also the most expensive work sold in an auction in Germany in 2011“, said Robert Ketterer. With this record result Ketterer Kunst is the only auction house which accomplished the highest annual hammer price three times over the past five years in Germany. The oil painting from 1910 (lot 25) is one of Pechstein’s strongest works. Aya Soika, author of the catalog raisonné, brings it to the point by simply calling it one of the artist’s best works. A collector from Germany seemed to value this quality as well, relegating national and international competitors from the Ukraine over Great Britain to the USA to places second and beyond. With a result o