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Sale: 468 / Modern Art I, June 09. 2018 in Munich Lot 712

Lot description
Murmel spielende Knaben. Um 1910.
Gouache , watercolor and India ink over pencil.
Verso signed. On light creme paper with subtle line structure. 28.2 x 22.2 cm (11.1 x 8.7 in) , the full sheet.

Poised composition from the Brücke era, with an unusual motif.
We are grateful to Alexander Pechstein, Dobersdorf, for his kind support in cataloging this lot, the work is registered at the archive of the Max Pechstein Urheberrechtsgemeinschaft (Copyright Association).

PROVENANCE: Galerie Nierendorf, Berlin, catalog "Sommer 1975", no. 192 (acquired in 1973, sold in 1975).
Collection Serge Sabarsky, New York.
Christie's, New York, Christie, Manson & Woods International Inc., New York, May 12, 1988, lot 112.
Alice Adam Ltd., Chicago (with label on frame covering).
Acquired directly from aforementioned.

EXHIBITION: Concept Art Gallery, Pennsylvania (with label on frame covering).

Called up: June 9, 2018 - ca. 12.57 h +/- 20 min.

Hermann Max Pechstein
Murmel spielende Knaben, Um 1910.
€ 18,000 - 24,000

$ 21,600 - 28,800


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Buyer's premium, taxation and resale right apportionment for Hermann Max Pechstein "Murmel spielende Knaben"
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.
Hermann Max Pechstein - lots sold by Ketterer Kunst