Sale: 512 / Modern Art II, Dec. 12. 2020 in Munich Lot 460

 
460
Giorgio Morandi
Paesaggio, 1915.
Watercolor
Estimate:
€ 18,000 - 24,000

 
$ 21,060 - 28,080

+
Lot description
Paesaggio. 1915.
Watercolor.
Signed and dated in lower right and lower left inscribed "A1253K" by a hand other than that of the artist. Verso inscribed by a hand other than that of the artist. On smooth creme wove paper. 28 x 19 cm (11 x 7.4 in), size of sheet. [CH].

• Early depiction of the landscape in Grizzana near Bologna (today Grizzana Morandi)
• Landscape still life
• "La pittura è cosa mentale" (painting is a spiritual thing)
.

Accompanied by a written confirmation from Dr. Marilena Pasquali, Comitato per il Catalogo di Giorgio Morandi/Centro Studi Giorgio Morandi, Bologna, from October 10, 2020. The work was included into the 'catalogo generale' with the registration number "A 1915/2".

PROVENANCE: Collection Fedeli, Milan.
Galerie Krugier & Cie, Geneva (from 1962, Kornfeld & Klipstein, May 26, 1962).
Collection Emil Frey, Mannheim (acquired in the 1960s).
Ever since family-owned.

EXHIBITION: Giorgio Morandi, Kestner-Gesellschaft, Hanover, November 17 - December 6, 1964, cat. no. 19.
Aquarelle, Zeichnungen, Druckgraphik des 20. Jahrhunderts aus der Sammlung eines Kielers. Ausstellung zum 100. Jubiläum der Schleswig-Holsteinischen Landesbrandkasse, Kunsthalle zu Kiel/ Schleswig Holsteinischer Kunstverein, February 3 - March 3, 1974, cat. no. 113 (with illu. in black and white on p. 100).
Idee und Wirklichkeit. Handzeichnungen und Aquarelle des 20. Jahrhunderts aus Privatbesitz, Städtische Kunstsammlungen Ludwigshafen am Rhein, Bürgermeister-Ludwig-Reichert-Haus, Ludwigshafen, October 11 - November 1, 1970, cat. no. 127 (with full-page illu.).

LITERATURE: Kornfeld & Klipstein, Bern, auction 108, Modern Art, 26. May 1962, lot 899 (with images, plate 100).

Called up: December 12, 2020 - ca. 18.16 h +/- 20 min.

 


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Buyer's premium, taxation and resale right apportionment for Giorgio Morandi "Paesaggio"
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 2.4% including statutory sales tax.