Sale: 522 / Modern Art II, Dec. 11. 2021 in Munich Lot 455

 

455
Ernst Wilhelm Nay
Liegende in Landschaft, 1939.
Oil on canvas
Estimate:
€ 40,000 - 60,000

 
$ 46,400 - 69,600

+
Liegende in Landschaft. 1939.
Oil on canvas.
Scheibler 253. Bottom right signed and dated. With the title and the artist's name on the reverse. 46 x 65.5 cm (18.1 x 25.7 in).
With an illustration over-painted in gray on the reverse, [AM].
• From the series of the "Lofoten Pictures".
• Family-owned for more than 50 years.
• Other works from this series are in possession of, among others, the Nationalgalerie, Berlin (1937), the Sprengel Museum, Hanover (1938), and the Bavarian State Painting Collections, Munich (1938/39)
.

PROVENANCE: Galerie Günther Franke, Munich (with the gallery label on the reverse).
Private collection North Rhine-Westphalia (acquired from teh above in 1964).
Private collection Baden-Württemberg (inherited from the above, ever since family-owned).

LITERATURE: Aurel Scheibler, Ernst Wilhelm Nay. Catalog Raisoné of Oil Paintings, vol. 1: 1922-1951, Cologne 1990, no. 253 (no illu.).

Called up: December 11, 2021 - ca. 18.13 h +/- 20 min.




 

Buyer's premium, taxation and resale right apportionment for Ernst Wilhelm Nay "Liegende in Landschaft"
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.