LIVE LOTS 17,750,525 HOUSES 866 UNSOLD RECORDED 4,679,484 UPDATED NIGHTLY
TheBasis.Art

Artist

Adolph Menzel

179results on record
72%sell-through
$23,578median result (USD, incl. premium; 100% observed, 0% estimated from hammer)
$4,110,512record in our coverage

Drawn from 179 recorded results (172 sold · 7 passed) across 3 auction houses, 2004–2026. What we cover

Median sold price by year typical estimate range median result USD, incl. premium; 100% observed, 0% estimated from hammer method · log scale

$27K$55K$82K2004: $16K median, 6 sold2005: $33K median, 4 sold2006: $22K median, 7 sold2007: $33K median, 5 sold2008: $42K median, 4 sold2009: $21K median, 5 sold2010: $69K median, 3 sold2011: $101K median, 7 sold2012: $20K median, 13 sold2013: $25K median, 5 sold2014: $20K median, 17 sold2015: $38K median, 20 sold2016: $46K median, 12 sold2017: $14K median, 17 sold2018: $13K median, 8 sold2019: $40K median, 4 sold2020: $18K median, 3 sold2021: $46K median, 6 sold2023: $12K median, 5 sold2024: $44K median, 3 sold2025: $11K median, 8 sold2026: $18K median, 9 sold200420092014201920242026

Where does a value land in this market?

$

The same figure also answers the seller's question: which house clears a work like this, and for how much — expected proceeds by house, from the sell-through the rest of this page is built on.

$24K$1.6K$4.1M

Every sold result for this market, low to high (log scale) — the dashed line is the median. Enter a value to see where it lands.

By medium where medium is recorded or stated in the catalog line

MediumResultsSell-throughMedian result (USD)
works on paper 91 100% $20,412
ceramics & design 6 50% $20,000
other 3 n/a $53,353
painting 3 100% $32,914

Medium is recorded for 103 of 179 results (58%) — rows above cover that subset; the rest of the record is in the full ledger below.

Compared with Max Liebermann Adolph Menzel Max Liebermann

$77K$154K$231K1998: $50K median1999: $1.5K median2000: $46K median2001: $9.5K median2002: $3.1K median2003: $2.1K median2004: $51K median2005: $3.1K median2006: $49K median2007: $46K median2008: $285K median2009: $200K median2010: $234K median2011: $41K median2012: $42K median2013: $12K median2014: $55K median2015: $6.9K median2016: $18K median2017: $738 median2018: $12K median2019: $14K median2020: $30K median2021: $54K median2022: $33K median2023: $17K median2024: $16K median2025: $2.5K median2026: $25K median2004: $16K median2005: $33K median2006: $22K median2007: $33K median2008: $42K median2009: $21K median2010: $69K median2011: $101K median2012: $20K median2013: $25K median2014: $20K median2015: $38K median2016: $46K median2017: $14K median2018: $13K median2019: $40K median2020: $18K median2021: $46K median2023: $12K median2024: $44K median2025: $11K median2026: $18K median19982005201220192026
MetricAdolph MenzelMax Liebermann
Median result$23,578$23,944
Record price $4,110,512 $3,728,580
Results on record179630
Years active at auction 2004–2026 1998–2026

Related artists: Max LiebermannJean-baptiste-camille CorotDeutsch, Um 1880Oswald Achenbach

Market strength liquidity score, 0–100 · method

74/ 100
  • Sell-through72%
  • Meets estimate67%
  • Market depth179 results

How readily and near-estimate this market clears — sell-through, estimate reliability, and depth, blended into one score. "Meets estimate" is the share of sold lots hammering at or above the low estimate, over catalogs that print a real appraisal: a house whose printed low is a starting bid would meet its estimate on every lot, so those lots are excluded from this term only — their prices and outcomes still count in the other two. Method →

Where this artist sells best

HouseResultsSell-throughMedianvs. estimate
Grisebach 97 $20,272
Sotheby's 81 72% $27,500 1.00×
Koller 1 $39,452

The same artist across every house we cover — hammer-vs-estimate side by side. A dash in the estimate column can mean withheld rather than unpublished: the house publishes no hammer price, or its printed low is a starting bid rather than an appraisal. Method →

Prices realized 179 recorded lots — sold, passed, and upcoming — results in USD incl. premium; est. marks a premium estimated from the house's schedule ✓ Includes 7 passed lots

DateLotMediumvs. estimateEstimate USDResult USD, incl. premiumHouse
100 realized prices on this page are locked. A Research Pass reads 50 of them for $19, once — buy a pass
2026·07 Study of a Tree $7,944–$10,592 Sotheby's
2026·07 Study of Three Heads $19,860–$26,480 Sotheby's
2026·07 The Head of a Fourteen-Year Old Girl, in Profile to the Left $6,620–$9,268 Sotheby's
2026·06 Mann in mittleren Jahren mit Hut, nach links gewendet, und Gewandstudie. Chalk on light brown paper $8,148–$10,476 Grisebach
2026·04 The Game of Chess, oil on canvas, 1836 $10,827–$16,240 Sotheby's
2026·03 A Study for The Iron Rolling Mill (Modern Cyclops) $10,689–$16,034 Sotheby's
2026·02 A Pathway to a House, Alongside a Stream $10,000–$15,000 Sotheby's
2026·02 Study of a bearded man wearing a hat, looking up $5,000–$7,000 Sotheby's
2026·02 A Couple Looking at a Painting $8,000–$12,000 Sotheby's
2026·02 Elderly Man Leaning Forward $10,000–$15,000 Sotheby's
2025·11 Handstudien. 1892 Pencil and charcoal on greyish paper $6,940–$9,253 Grisebach
2025·11 Hasenjagd (Kärtchen zur Ausstellung von Adolph Menzel). (Vor) 1898 Pencil on paper $3,470–$4,626 Grisebach
2025·11 Drei Studien von bärtigen Männern. 1889 Black chalk on Whatman-wove paper $6,940–$9,253 Grisebach
2025·11 Kopf eines alten Mannes. 1886 Charcoal, partially washed, on wove paper $9,253–$13,879 Grisebach
2025·07 Two Studies of a Right Arm and Hand Holding a Glass $6,830–$9,562 Sotheby's
2025·07 Studies of a Man Wearing a Hat and Coat and Bending Forward $10,929–$16,393 Sotheby's
2025·07 The Side of a Mountain Farmhouse $10,929–$16,393 Sotheby's
2025·06 Study of man $8,058–$11,512 Sotheby's
2025·06 Hans Karl von Winterfeldt, preußischer Generallieutenant (Studie zu einem friderizianischen Offizier). 1851 Black chalk, heightened with white, on brown paper $11,423–$17,134 Grisebach
2024·11 Männlicher Akt. 1829 Pen on laid paper $3,163–$4,217 Grisebach
2024·07 Study of a Head $51,026–$76,539 Sotheby's
2024·07 The Wedding Party $191,347–$318,911 Sotheby's
2024·05 „Wallenstein's Lager“. 1854(?) Pastel on brown paper $21,630–$32,445 Grisebach
2024·05 Studie einer Italienerin. Um 1881-83 Pencil, partially stumping, on paper $6,489–$8,652 Grisebach
2023·11 Studie zu Heinrich von Kleist: „Der zerbrochene Krug“. (Vor) 1877 Chalk on light cardboard $6,559–$8,745 Grisebach
2023·11 Porträt eines Mannes mit Schnauzbart. 1903 Pencil, partly smudged, on light cardboard (calling card) $1,640–$2,186 Grisebach
2023·06 Sophie Puhlmann. 1844 Pencil on paper on cardboard $16,046–$21,394 Grisebach
2023·06 Kuhtreiben im Gebirge. Um 1880 Pencil, partly smudged, on paper $19,255–$25,673 Grisebach
2023·06 Erinnerungsblatt mit zehn Skizzen. 1880 Pencil and blue coloured pencil on paper $4,279–$6,418 Grisebach
2022·07 Kopfstudien (head studies) $7,127–$9,503 Sotheby's
2021·12 „Prof. Koch im Kostüm seiner Orientreisen“ / Am Tisch sitzender Mann mit einem Glas (zweiseitig). 1870 Pencil on paper $4,526–$6,788 Grisebach
2021·09 Female figure in traditional costume leaning forward, from the front (Maria Cocozza). Circa 1881/82. Carpenter's pencil on paper. $9,622–$12,830 Koller
2021·06 Menzels Neffe Otto Krigar als Säugling. Um 1861/62 Pencil on paper $6,098–$8,536 Grisebach
2021·06 Die Personen des „Flötenkonzerts“. 1852 Pen on brownish paper, laid down on cardboard $36,585–$48,780 Grisebach
2021·06 Tagebau in Königshütte. 1872 Pencil, stumping in places, on paper $30,488–$42,682 Grisebach
2021·06 Morgens früh im Nachtschnellzug. 1877 Brush and pen and India ink as well as pencil, heightened with opaque white on light cardboard, laid down on blue, light cardboard $97,560–$146,340 Grisebach
2020·12 Kutschengespann. 1840er Jahre Pencil on paper $8,446–$10,859 Grisebach
2020·12 Bildnis einer schlafenden, alten Frau. Pencil on paper $24,132–$36,198 Grisebach
2020·12 Dame mit Hut, nach rechts unten blickend. 1892 Pencil on paper $12,066–$18,099 Grisebach
2020·07 adolph von menzel | rocky landscape with cattle crossing a bridge $15,567–$23,350 Sotheby's
2020·07 adolph von menzel | a study of a man smoking and a man leaning over a table, pouring a glass of wine (a study for 'breakfast break') $10,378–$15,567 Sotheby's
2019·11 Geneigter Frauenkopf. 1884 Pencil on paper $16,514–$22,018 Grisebach
2019·05 „Österreichische Offiziere“. 1852 Pastel on green-brown paper $33,468–$44,624 Grisebach
2019·05 „Herr in Rokokotracht, in einem Sessel sitzend“. Um 1850 Pastel on brown paper $27,890–$39,046 Grisebach
2019·05 Inneres der Stiftskirche zu Einsiedeln. 1881 Pencil, stumping, on wove paper, laid down on Japan paper $66,936–$89,248 Grisebach
2018·07 study of a church and farmhouse $39,640–$66,067 Sotheby's
2018·07 Study of an Old Lady $7,928–$10,571 Sotheby's
2018·05 Rückenfigur eines stehenden Mannes (und Studie seiner Stiefel). Um 1880 Pencil on paper, laid down on cardboard $9,306–$13,958 Grisebach
2018·05 Schlittschuhläufer (im Tiergarten in Berlin?). Um 1855/56 Black, white and coloured chalk on brown paper, laid down on cardboard $290,800–$407,120 Grisebach
2018·05 Brustbild eines bärtigen Mannes mit geschlossenen Augen. 1890 Pencil, stumping, on wove paper $9,306–$13,958 Grisebach
2018·05 Königin Augusta (Skizze). Um 1861/65 Pencil on smooth paper $9,306–$13,958 Grisebach
2018·01 Head of a Man Looking Right $15,000–$20,000 Sotheby's
2018·01 head of an old man, his eyes raised $20,000–$30,000 Sotheby's
2017·12 portrait of a young lady $9,476–$14,214 Sotheby's
2017·12 portrait of lorenz gocozzo aged 13 $17,768–$23,690 Sotheby's
2017·12 Head of a bearded man $20,026–$26,702 Sotheby's
2017·11 Der Austernesser. 1879 Brush and India ink in black and grey, heightened with opaque white, on paper $47,308–$70,962 Grisebach
2017·11 Studie einer rechten Hand mit Hundeleine. 1889 Pencil, with partial stumping, on light cardboard (reverse of a invitation card) $8,279–$10,644 Grisebach
2017·11 „Wirtschaftshof bei Kloster Aura bei Kissingen“. 1884 Pencil, with partial stumping, on paper $23,654–$35,481 Grisebach
2017·11 Kopf eines alten Mannes mit Bart. 1904 Pencil on paper $9,462–$14,192 Grisebach
2017·07 young woman with her right arm raised and subsidiary studies of her hair and her hand $3,874–$5,165 Sotheby's
2017·07 man with a scythe and two subsidiary studies for the same figure $2,583–$3,874 Sotheby's
2017·07 portrait of a woman wearing a hat $5,165–$7,748 Sotheby's
2017·07 a) jewish women offering french men and women fashion accessoriesb) costume studies $1,937–$2,583 Sotheby's
2017·07 Die Armee Friedrichs des Grossen in ihrer Uniformierung. Berlin, 1851–1857 $103,302–$154,953 Sotheby's
2017·06 young seated worker $16,749–$22,332 Sotheby's
2017·05 Junger Mann im Profil nach links (Studienblatt). 1847 Pencil, with partial stumping, on paper $8,977–$13,465 Grisebach
2017·05 Bärtiger Mann nach rechts mit einer Flasche in der rechten Hand sowie mit Details zu dieser Hand. Um 1897 (?) Pencil, stumping, on paper $8,977–$13,465 Grisebach
2017·05 Hinterhof. Pencil, with partial stumping, on paper (from a sketchbook) $8,977–$13,465 Grisebach
2017·01 three studies of an elegant woman and a left hand $25,000–$35,000 Sotheby's
2016·12 Fräulein Maercker $50,708–$76,062 Sotheby's
2016·11 Österreichischer Offizier („Suprematie-Österreicher“). Um 1853/54 Pastel on brown paper (watermark: Canson Frères) $42,540–$63,810 Grisebach
2016·11 Kristallkronleuchter („Studie zum Flötenkonzert“). 1852 Body colour and watercolour on brown paper $127,620–$148,890 Grisebach
2016·11 17 Fotografien des Künstlers, seiner Familie und Freunden und von einer Ausstellung seiner Bilder. Um 1860 bis 1900 Each albumin print on cardboard $5,318–$7,444 Grisebach
2016·11 Der Zwölferturm in Sterzing. 1888 Pencil, with partial stumping, on wove paper $31,905–$42,540 Grisebach
2016·11 Junges Mädchen im Profil mit Pelzkappe. 1894 Pencil, with partial stumping, on paper $26,588–$37,222 Grisebach
2016·11 Therese und Grete Herrmann beim Klavierspiel. 1872 Pencil on paper $63,810–$85,080 Grisebach
2016·06 Emilie in roter Bluse. Um 1850 Pastel on brown paper $335,220–$446,960 Grisebach
2016·06 Aufblickende Frau mit Haube. 1892 Pencil on tracing paper, laid down on cardboard $5,587–$7,822 Grisebach
2016·06 Am Bergeshang. Um 1872/74 Pencil, with partial stumping, on Whatman wove paper $33,522–$44,696 Grisebach
2016·05 Portrait of a Bearded Man Looking Up $15,000–$20,000 Sotheby's
2016·01 three head studies of a mustachioed gentleman in profile $14,000–$18,000 Sotheby's
2015·11 Studie mit Frauenköpfen. Um 1870/80 Pencil on paper $5,293–$7,410 Grisebach
2015·11 Studie einer Frau mit Buch und Regenschirm. 1895 Pencil on paper $14,820–$19,055 Grisebach
2015·11 Landschaft mit Baumgruppe im Vordergrund. 1850er Jahre Pencil on wove paper (watermark: [WHA]TMAN [18]50) $8,469–$12,703 Grisebach
2015·11 Rechte Hand mit Korbflasche. 1889 Pencil, with partial stumping, on paper $6,352–$8,469 Grisebach
2015·11 Frau mit großem Hut, nach links blickend. 1897 Pencil, with stumping, on paper (from a sketchbook) $8,469–$10,586 Grisebach
2015·11 Portrait Eduard Heinrich Kamke (1806–1866). 1851 Pencil, with stumping and heightened with opaque white, on paper, laid down on cardboard $4,234–$6,352 Grisebach
2015·11 Drei um einen Tisch stehende Soldaten, eine Karte betrachtend. Pencil on brown laid paper $3,176–$4,234 Grisebach
2015·07 Bearded Man in Profile $23,053–$30,737 Sotheby's
2015·07 Studies of Figures in Profile $30,737–$46,106 Sotheby's
2015·07 Seated Woman $18,442–$27,664 Sotheby's
2015·07 Head of a Woman, Downward Gaze $23,053–$30,737 Sotheby's
2015·07 Old Man with Head Turned Away $15,369–$23,053 Sotheby's
2015·07 Portrait of a Woman in a Hat $30,737–$46,106 Sotheby's
2015·06 Frau mit Mantille im Profil nach rechts. 1894 Pencil, stumping, on paper $16,701–$22,268 Grisebach
2015·06 Regensburger Häuser. 1894 Pencil, stumping, on paper $13,361–$16,701 Grisebach
2015·06 „Omnibus (Erinnerung)“. Um 1848 Pastel on brown paper $44,536–$66,804 Grisebach
2015·06 „Im Peterskeller zu Salzburg“. 1888 Gouache on light cardboard, laid down on cardboard $55,670–$77,938 Grisebach
2015·06 Skizzen vom Berliner Hofball. 17. Februar 1881 Pencil on fine cardboard (the reverse of the invitation card for Adolph Menzel) $1,336–$1,670 Grisebach

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