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Research Notes: Koller – Old Master Prints & Drawings (Online Only)

Koller Auktionen · Zurich, Switzerland (online) · Apr 1, 2026

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Sale overview

Koller – Old Master Prints & Drawings (Online Only)

Koller Auktionen · Zurich, Switzerland (online)

Date: Apr 1, 2026

Status: Researching

Quick notes

Online-only sale of old master prints and drawings. Koller describes its Old Master Prints auctions as presenting works from the beginnings of printing through the 19th century, with strong interest in artists such as Albrecht Dürer, Rembrandt van Rijn and Giovanni Battista Piranesi. Sale features a mix of etchings, engravings and other graphic works. Original time zone: 1 Apr 2026 1:30 PM CET/CEST (4:30 AM PDT). Listing: https://www.kollerauktionen.ch/en/departments/old-master-prints/

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Research / Arbitrage Dossier Markdown-style headings and bullet points work well here.

## Acquisition Criteria

- [ ] Edition size ≤150 (or justified by strong market history)
- [ ] Clear arbitrage (geographic, cataloging error, weak photography, variant mispricing, etc.)

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## 1️⃣ Lot Extraction

- Auction: {{ event.title }} ({{ event.auction_house }} — {{ event.location }})
- Catalogue URL(s):
- Buyer’s premium schedule:

Lots of interest:
- Lot ___ – Artist, *Title*, year, medium, edition, size, signature, condition.
- Lot ___ – ...

---

## 2️⃣ Value Calibration (Comps & Fair Market Range)

For each lot:

- Recent comps:
  - [Auction House, Date] — Price, details
  - ...
- FX assumptions:
- Fair value range:
  - LOW  : $
  - MID  : $
  - HIGH : $
- Notes vs. house estimate:

---

## 3️⃣ Cost Modeling

Formula: All-in = Hammer × (1 + BP) + Tax + Shipping/Insurance/Handling

- Tax assumption:
- Shipping estimate:
- Storage / framing (if any):
- Unknowns / VERIFY:

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## 4️⃣ Arbitrage Analysis (Resale Optimization)

For each viable lot:

- Optimal venue:
- Alternates:
- Price band:
- Expected liquidity window:
- Rationale:

Score:
- Arbitrage Score (0–100):
- Value Realization (±% vs estimate):
- Liquidity Tier: A / B / C

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## 5️⃣ Watchlist

Lots to watch contingent on:
- Condition checks:
- Bidding patterns:
- Catalogue discrepancies:
- Timing:

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## 6️⃣ Execution Playbook

- Bidding strategy:
- Documentation prep:
- Post-acquisition routing:
- Conservation / framing:
- Consignment target(s) + fee assumptions:

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## Integrity Notes

- Data sources:
- Unknowns flagged:
- Risks / red flags:

Detailed research / arbitrage notes for this sale.

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