Sale: 554 / Modern Art Day Sale, June 08. 2024 in Munich Lot 493

 

493
Erich Heckel
Zinnien im Krug, 1938.
Watercolor over pencil
Estimate:
€ 14,000 - 18,000

 
$ 14,980 - 19,260

+
Zinnien im Krug. 1938.
Watercolor over pencil.
Signed and dated in lower right. On ingres mold-made paper (with teh watermark). 62 x 47.5 cm (24.4 x 18.7 in), the full sheet.

• The clear subject gains an interesting perspective in terms of composition and meaning through the open door in the background.
• Erich Heckel faced severe repression under the National Socialist regime.
• Almost 800 of his works were confiscated from German museums as part of the "Degenerate Art" campaign.
• In 1944, his home and studio was struck in an air raid and many of the paintings were irretrievably destroyed.
• For the first time offered on the international art market
.

The work is registered in the archive of the Erich Heckel Estate, Hemmenhofen on Lake Constance. We are grateful to Mrs Renate Ebner and Mr Hans Geissler, Erich Heckel Estate Hemmenhofen, for their kind support in cataloging this lot.

PROVENANCE: Private collection Berlin (gifted from the artist, ever since family-owned).

Called up: June 8, 2024 - ca. 19.05 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Erich Heckel "Zinnien im Krug"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.

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

Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.

The artist‘s resale right compensation is VAT-exempt.