REVIEW Fine Art & Antiques Auction Sales

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1 REVIEW Fine Art & Antiques Auction Sales Auction Sales from 8 to 13 November 2006 Auctions Old Master Paitings Modern Art Swiss Art Works on Paper Sculptures Works of Art Furniture Antiquities and Non-European Art Jewellery Wristwatches and Pocketwatches Galerie Fischer - as the oldest Swiss Fine Art Auctioneer (founded 1907) and one of the leading Auction Houses in Europe - is on the right way to the next year's 100 year anniversary. Galerie Fischer realised in the last years and especially in the November Sale extraordinary adjunctions. So we sold this June for example LUCAS CRANACH the elder (Kronach Weimar), The Madonna with the grapes (and standing Child), signed upper right (with the lying snake with the wings), dated 1534, oil on limewood, 50 x 33,5 cm (estimate: CHF 800'000/1'000'000, EUR 548'000/640'000, USD 646'000/808'000; lot no Auction Sale June 2006) for CHF 1,258 Mio. (EUR 811'612, USD 1'006'400, Buyers Premium included). The Bronze, cult vessel in the shape of a victime cattle, China, probably first Centuries after BC, was sold in this Auction Sale November 2006 for CHF 574'200 (buyer's premium included). With this adjunction Galerie Fischer set the auction record for an asian object sold by a Swiss Auction House. Also in the other departments there was a strong bidding from both sides of the Atlantic, driven up by significant Russian and Asian participation. These very good results are based on connoisseurship, reasonable market estimates, "market-fresh" objects, high responsibility for the objects and clients and on an international network of collectors, museums, art experts and art dealers. To meet the demand of asian clients Galerie Fischer will also next year participate at the Asia International Arts & Antiques Fair in HongKong.

2 - 2 - Old Master Paintings GIOVANNI PAOLO PANINI (Piacenza Roma), "Capriccio Architettonico con il Pantheon, il Porticato di San Pietro, le tre Colonne dei Dioscuri (o il vecchio Belisario)", signed lower right and dated 1735, oil on canvas, 105 x 106 cm (lot no. 1069; estimate: CHF 250'000/300'000). Provenance: Swiss Private Collection. Literature: Ferdinando Arisi, Gian Paolo Panini e i fasti della Roma del '700, Roma 1986, p. 350 (picture 238). This painting was eagerly competed for and it was sold for CHF 266'400 (buyer premium included). ALBRECHT ADAM (Nördlingen München), Das Gefecht von St. Michael an der Mur i.d. Obersteiermark 25. Mai 1809, signed lower left and dated 1844, verso label with the no. "178", oil on canvas, 124 x 180 cm (lot no. 1100; estimate: CHF 75'000/85'000; sold for CHF 135'300, buyer premium included). FELIX SCHLESINGER (Hamburg München), "Wie die Alten sungen ", signed lower left, oil on canvas, 60 x 74 cm (lot no. 1113; estimate: CHF 45'000/60'000). Provenance: Leo Lewin, Leipzig. Sold for CHF 96'600. ALBRECHT ADAM (Nördlingen München), "Sur la route de Wiazma, le 20 Août" (1812), signed lower right and dated 1851, verso label with the no. "172", oil on canvas, 81 x 110 cm (lot no. 1101; estimate: CHF 50'000/70'000; sold for CHF 59'200, buyer premium included, to a Russian Collector. Certificate: Dr. Ulrike von Hase-Schmundt. KERSTIAEN DE KEUNINCK (Courtai Antwerpen), "Landschaft mit Pyramus und Thisbe", signed lower right, oil on wood, 51 x 83 cm (lot no. 1007; estimate: CHF 40'000/50'000; sold for CHF 54'480, buyer premium included).

3 - 3 - JAKOB PHILIPP HACKERT (Prenzlau San Piero de Careggio), "Le grand Cascatelle a Tivoli", signed lower left, inscribed and dated "Le grand Cascatelle/ a Tivoli/ Filipo Hackert/ depinse 1789", oil on canvas, 97 x 66 cm (lot no. 1082; estimate: CHF 35'000/50'000). Certificate: Claudia Nordhoff, Roma After strong bidding by international bidders the painting was sold for the exceptional CHF 198'000 (buyer premium included) to an Italian Collector. Modern and Contemporary Art JULIAN SCHNABEL (born in New York 1951), "Renny Benny", verso on the velvet monogrammed, dated 83 and on the label inscribed, oil on black velvet, 183 x 153 cm (lot no. 1275; estimate: CHF 60'000/80'000; sold for CHF 100'500, buyer premium included, to an Portuguese Collector). Provenance: Galerie Bruno Bischofberger, Zurich; then directly to the consignor (Swiss Private Collector). HANS-RUEDI GIGER (born in Chur 1940), "Harkonnen-Capo-Stuhl", incribed, no. 5/23, aluminium, metal, plastic und rubber, hight 197 cm (lot no.; estimate: CHF 5'000/8'000). Provenance: Swiss Private Collection. Literature: See Köln 1996, S. 78 ff., Abb. 76 f. Giger won 1980 the Oscar for Best Achievements for Visual Effects for the Science-Fiction-Horrormovie "Alien". The chair was sold for CHF 37'960 (buyer premium included). JOAN MIRO (Montroig Palma de Mallorca), drawing, signed lower left and dated //VI/80, pen, 29,5 x 22,5 cm (lot no. 2066; estimate: CHF 8'000/9'000; sold for CHF 10'200, buyer premium included). Swiss Art and Works on Paper HEINRICH DANIOTH (Altdorf Flüelen), Urnersee mit Blick auf den Urirotstock, signed lower right and dated 33, pastell on Paper, 44 x 61 cm, gerahmt (lot no. 2148; estimate: CHF 12'000/15'000; sold for CHF 28'520 (buyer premium included).

4 - 4 - LUCIANO CASTELLI (born. in Luzern 1951), "I love womens", signed lower right and dated 82, verso inscribed, acryl on canvas, two canvases, 240 x 200 cm and 240 x 160 cm (lot no. 1274; estimate: CHF 3'000/3'500). Literature: See a similar painting in: Erika Billeter, Luciano Castelli, Die geträumte Frau, Bern 1993, p. 40 (picture p. 41). Sold for CHF 42'680 (buyer premium included) to a German Collector; this is one of the best prices for Castelli's paintings world-wide. LUCIANO CASTELLI (born in Luzern 1951), "Liegende", signed on the left side and dated 82, acryl on paper, each 100 x 70 cm (lot no. 1273; estimate: CHF 2'000/2'500). Sold for CHF 26'160 (buyer premium included). This is the highest auction price for a work of paper by Castelli. HUBERT ROBERT attributed (Paris Paris), Intérieur eines Ateliers in Rom mit Antiken, pencil, 33,5 x 44 cm (lot no. 1944; estimate 18'000/19'000). Sold for CHF 61'560 (buyer premium included). Asiatica The Bronze, cult vessel in the shape of a victime cattle, China, probably first Centuries after BC, was sold for CHF 574'200 (buyer's premium included). Literature: Otto Kümmel, Chinesische Kunst, Berlin 1929, S. 66, Catalogue no. 106, picture in colors. Proveniance: Collection G.F. Reber, Lausanne There was strong bidding fort his lot, especially of a Chinese Collector and a Britain collector. With this adjunction of CHF 574'200 Galerie Fischer holds the auction record for an asian Work of Art sold through a Swiss Auction House.

5 - 5 - SAVE THE DATES! Asia International Arts & Antiques Fair in HongKong 25 to 28 May 2007 Anniversary Auction Sale 100 years Galerie Fischer 13 to 18. June 2007 (Preview: 2 to 10 June 2007)