Sale: 496 / Evening Sale, Dec. 06. 2019 in Munich Lot 119001766

Emil Nolde
Frauenporträt, Um 1925.
€ 60,000 - 80,000

$ 66,000 - 88,000

Lot description
Frauenporträt. Um 1925.
Watercolor and India ink.
Signed in lower right. On delicate Japon. 47 x 34.5 cm (18.5 x 13.5 in) , the full sheet.

-One of the few female portraits by the acclaimed watercolorist.
-Particularly subtle and charming character depiction
Accompanied by a photo expertise issued by Prof. Dr. Manfred Reuther, Klockries, dated September 6, 2019. The watercolor is registered at the Archive Reuther with the number "Nolde A - 141/ 2019".

PROVENANCE: Collection of Nolde Foundation, Seebüll (verso with teh collection stamp).
Collection Prof. Dr. Joachim Zahn, Munich.
Private collection Southern Germany (inherited from aforementioned in 2002).


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Buyer's premium, taxation and resale right apportionment for Emil Nolde "Frauenporträt"
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.