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

German/French, 1891–1976

Max Ernst

1,695results on record
78%sell-through
$27,000median result (USD, incl. premium; 96% observed, 4% estimated from hammer)
$15,987,500record in our coverage

Drawn from 1,695 recorded results (1,522 sold · 173 passed) across 39 auction houses, 1998–2026. 4 upcoming lots on the ledger. What we cover

Median sold price by year typical estimate range median result USD, incl. premium; 96% observed, 4% estimated from hammer method · log scale

$29K$59K$88K1998: $28K median, 20 sold1999: $30K median, 27 sold2000: $7.6K median, 22 sold2001: $61K median, 24 sold2002: $8.0K median, 29 sold2003: $5.6K median, 30 sold2004: $36K median, 49 sold2005: $63K median, 51 sold2006: $22K median, 52 sold2007: $70K median, 72 sold2008: $84K median, 58 sold2009: $32K median, 34 sold2010: $81K median, 16 sold2011: $90K median, 38 sold2012: $76K median, 49 sold2013: $60K median, 47 sold2014: $53K median, 41 sold2015: $101K median, 58 sold2016: $22K median, 64 sold2017: $28K median, 75 sold2018: $25K median, 64 sold2019: $11K median, 73 sold2020: $15K median, 48 sold2021: $8.3K median, 144 sold2022: $13K median, 72 sold2023: $9.4K median, 57 sold2024: $2.7K median, 71 sold2025: $44K median, 79 sold2026: $6.9K median, 51 sold19982005201220192026

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.

$27K$41$16M

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)
prints 246 78% $1,618
painting 226 82% $167,391
works on paper 109 75% $30,550
other 108 69% $4,973
sculpture 80 95% $43,055
ceramics & design 47 60% $4,419
photography 9 n/a $4,153

Medium is recorded for 825 of 1,695 results (49%) — rows above cover that subset; the rest of the record is in the full ledger below.

Compared with Pablo Picasso Max Ernst Pablo Picasso

$27K$54K$82K1998: $7.6K median1999: $9.0K median2000: $5.0K median2001: $6.8K median2002: $6.0K median2003: $6.0K median2004: $10K median2005: $10K median2006: $9.6K median2007: $14K median2008: $12K median2009: $13K median2010: $21K median2011: $14K median2012: $11K median2013: $13K median2014: $12K median2015: $15K median2016: $13K median2017: $12K median2018: $13K median2019: $15K median2020: $9.4K median2021: $11K median2022: $8.2K median2023: $7.6K median2024: $8.8K median2025: $10K median2026: $9.4K median1998: $28K median1999: $30K median2000: $7.6K median2001: $61K median2002: $8.0K median2003: $5.6K median2004: $36K median2005: $63K median2006: $22K median2007: $70K median2008: $84K median2009: $32K median2010: $81K median2011: $90K median2012: $76K median2013: $60K median2014: $53K median2015: $101K median2016: $22K median2017: $28K median2018: $25K median2019: $11K median2020: $15K median2021: $8.3K median2022: $13K median2023: $9.4K median2024: $2.7K median2025: $44K median2026: $6.9K median19982005201220192026
MetricMax ErnstPablo Picasso
Median result$27,000$10,507
Record price $15,987,500 $179,365,000
Results on record1,69529,706
Years active at auction 1998–2026 1998–2026

Related artists: Pablo PicassoJoan MiróMarc ChagallSalvador Dalí

Market strength liquidity score, 0–100 · method

74/ 100
  • Sell-through78%
  • Meets estimate59%
  • Market depth1,695 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
Sotheby's 545 85% $87,500 0.88×
Christie's 517 88% $63,169
Bonhams 175 62% $2,040 0.83×
Phillips 112 94% $6,930
Ketterer Kunst 91 $1,565
Dorotheum 72 64% $1,666
Lempertz 32 79% $18,449
Heritage Auctions 34 71% $1,188
Grisebach 14 $18,734
Freeman's | Hindman 10 100% $2,469 1.04×
Rago 7 100% $441
Finarte 8 75% $739 1.38×
Artcurial 5 $18,015 0.85×
Wright 7 71% $10,000
Stockholms Auktionsverk Fine Art 5 $1,620 0.69×
Historia Auktionshaus 6 83% $739
Kruso Art 8 62% $437 0.64×
Marques dos Santos Leilões 7 57% $992
Koller 3 $926
Strauss & Co 4 75% $880 1.29×
SBI Art Auction 3 67% $789
Gomér & Andersson Jönköping 2 $314 0.60×
Hermitage Fine Art 2 100% $1,238 0.73×
Itineris Auction House 2 100% $481 0.47×
Lyon & Turnbull 1 $1,961 1.71×
Galerie Bassenge 1 $527
WETTMANN Kunstauktionen 1 100% $494
Tiroche 1 100% $6,875 0.65×
Art collect 1 $625 0.29×
Ishtar 1 100% $125
Matsart 1 100% $87,500 1.40×
Art La Rosa - Casa d'Aste 1 100% $274
Montefiore auction house 1 100% $600 0.96×
Casa d'aste Boetto 1 100% $614 1.38×
Lamas Bolaño 2 50% $262 0.50×
Karljohan Auktioner 1 $574 0.88×
VAN HAM Kunstauktionen GmbH Co. KG 2 50% $22,402 1.36×
The Bidder 1 0%
Greco Fine Arts & Auctioneers 1 0%

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 1,912 recorded lots — sold, passed, and upcoming — results in USD incl. premium; est. marks a premium estimated from the house's schedule ✓ Includes 173 passed lots

DateLotMediumvs. estimateEstimate USDResult USD, incl. premiumHouse
12 realized prices on this page are locked. A Research Pass reads 50 of them for $19, once — buy a pass
1998·07 La Nuit $49,695–$66,260 Christie's
1998·07 Les Deux Oiseaux $132,520–$198,780 Christie's
1998·07 Coquillage jaune oil with pencil and graphite frottage on paper laid down on canvas $165,650–$248,475 Christie's
1998·05 Janus (Giano) $19,598–$26,131 Christie's
1998·05 Jean Tardieu, Le Parquet se soulève , Éditions Brunidor, Éditions Aperïos, Vaduz, 1973 (S. & L. 20) $1,200–$1,800 Christie's
1998·05 Patrick Waldberg: Aux Petits Agneaux (S. & L. 196) $4,892–$8,153 Christie's
1998·05 Dans les rues d'Athenes (In the streets of Athens) $80,000–$100,000 Christie's
1998·05 Untitled (Microbe) $10,000–$15,000 Christie's
1998·05 Poète glass $98,910–$131,880 Christie's
1998·04 L'Homme la Lisire de la Foret (Spies/Leppien 58) $1,000–$1,500 Christie's
1998·04 Hallucination oil on canvas $1,167,810–$1,501,470 Christie's
1998·01 Untitled, from Texte und Briefe (Spiess/Leppien 13) $1,626–$2,440 Christie's

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