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Sale: 459 / Modern Art I, Dec. 09. 2017 in Munich Lot 117002103

 
Lot description
Rittersporn und Dalien. Um 1935/40.
Watercolor.
Lower right signed. Verso with the former collection stamp of the Nolde foundation. On Japon. 45.5 x 34 cm (17.9 x 13.3 in), the full sheet.

With a photo expertise from Prof. Dr. Manfred Reuther, Klockengries, dated 10 May 2017.

PROVENANCE: Ada and Emil Nolde Foundation, Seebüll.
Joachim von Lepel, Seebüll.
Private collection (acquired from aforementioned in the 1950s).

Buyer's premium, taxation and resale right apportionment
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer prices up to € 500,000: 32 % buyer's premium
Hammer prices above € 500,000: for the share up to € 500,000: 32%, for the share above € 500,000: 27% buyer's premium
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer prices up to € 500,000: 25 % buyer's premium plus statutory sales tax Hammer prices above € 500,000: for the share up to € 500,000: 25%, for the share above € 500.000: 20% buyer's premium, each plus statutory sales tax

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Resale right apportionment:
Objects made by artists who have not died at least 70 years ago are subject to a resale right apportionment of 1.5% plus statutory sales tax.
117002103
Emil Nolde
Rittersporn und Dalien, Um 1935/1940.
Watercolor
Estimate:
€ 80,000 - 120,000

 
$ 93,600 - 140,400

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