Sale: 524 / Post War / Contemporary Art II, Dec. 11. 2021 in Munich Lot 121002056

 
121002056
Ernst Wilhelm Nay
Ohne Titel, 1965.
Watercolor
Estimate:
€ 25,000 - 35,000

 
$ 29,000 - 40,600

+
Lot description
Ohne Titel. 1965.
Watercolor.
Claesges 65-124. Bottom right signed, dated and inscribed "K". On firm paper. 60 x 42 cm (23.6 x 16.5 in), the full sheet.
The inscription "K" refers to the Greek island of Kreta (Crete) as place of origin.
• From the important transitional period between the "Augenbilder" (Eye Pictures) and the "Spindelbilder" (Spindle Pictures).
• A sheet in bright colors made during a summer vacation on Crete.
• In 1964 Ernst Wilhelm Nay showed three works at Documenta III.
• Privately-owned for more than 45 years
.

PROVENANCE: Privately-owned.
Orangerie Reinz, Cologne (1986)
Private collection Southern Germany (acquired from the above).

EXHIBITION: Galleria Henze Campione d'Italia, catalog 21, 1979, cat. no. 29 with illu.

Essay
During a stay on Crete in the summer of 1965 Ernst Wilhelm Nay made a series of watercolors that testify to the artist's intensive examination of form and color. In comparison with the shape of the eye, the shape of the spindle came to the fore and he put increased focus on the color's illuminating power. The convergence of the artistic expression, which eventually became manifest in the Spindle Pictures in his late period of creation, emerged in those days. [EH]
 


More Images
 
Buyer's premium, taxation and resale right apportionment for Ernst Wilhelm Nay "Ohne Titel"
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer price up to 500,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 500,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 500,000 €.
The share of the hammer price exceeding 2,500,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 2,500,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 500,000 €: herefrom 25 % premium.
The share of the hammer price exceeding 500,000 € is subject to a premium of 20% and is added to the premium of the share of the hammer price up to 500,000 €.
The share of the hammer price exceeding 2,500,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 2,500,000 €.
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.

Resale right apportionment:
In accordance with §26 of German Copyright Act, a droit de suite charge of 2.4% including VAT is levied for original artworks and photographs for the compensation of the statutory right of resale.