Sale: 534 / Contemporary Art Day Sale, Dec. 09. 2022 in Munich Lot 101

 

101
Ernst Wilhelm Nay
Ohne Titel, 1960.
Watercolor
Estimate:
€ 30,000 - 40,000

 
$ 30,000 - 40,000

+
Ohne Titel. 1960.
Watercolor.
Claesges 60-001. Lower right signed and dated. On firm paper. 41.7 x 55.7 cm (16.4 x 21.9 in), the full sheet.
[AM].
• From the significant work complex of the "Scheibenbilder" (Disc Pictures).
• Dynamic composition in rhythmical coloring.
• Paintings and watercolors from this series are among Ernst Wilhelm Nay's most sought-afer works on the international auction market
.

PROVENANCE: Galerie Michael Hertz, Bremen (directly from the artist).
Private collection Bremen (acquired from the above in 1961).
Private collection Bremen (gifted from the above in 2004).

Called up: December 9, 2022 - ca. 13.31 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Ernst Wilhelm Nay "Ohne Titel"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

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.

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.