High price despite Pechstein postponement
The decision by Cologne auction house Lempertz (26% buyer’s premium) to postpone the sale of Max Pechstein’s 1909 Expressionist work Selbstbildnis, liegend (Self Portrait, lying down) from June to December 1 proved to be a wise one.
Before the original sale date, newspaper reports suggested that the painting was looted art, acqui…