Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 105

 

105
Ernst Wilhelm Nay
Ohne Titel, 1964.
Watercolor
Estimate:
€ 25,000 - 35,000

 
$ 26,750 - 37,450

+
Ohne Titel. 1964.
Watercolor.
Inscribed with a direction arrow on the reverse. On firm watercolor paper. 39.6 x 30.2 cm (15.5 x 11.8 in), the full sheet.
[AR].

• From the group of the "Augenbilder" ("Eye Pictures", 1963-64).
• Particularly high-contrast watercolor, the blank spaces add a particularly airy effect.
• Overpainting his hitherto key motif of the disk with spindles, he attained the "Eye" motif.
• In the year the work was made, Nay showed three large "Eye Pictures" at documenta III in Kassel
.

PROVENANCE: Christoph Scheibler Collection, Cologne.
Private collection North Rhine-Westphalia.

EXHIBITION: Ernst Wilhelm Nay - Arbeiten auf Papier, Michael Werner Kunsthandel, Cologne, May 11 - July 20, 2019.

LITERATURE: Magdalene Claesges, Ernst Wilhelm Nay. Werkverzeichnis. Aquarelle - Gouachen - Zeichnungen, vol. 3: 1954-1968, Berlin 2018, no. 64-013 (illu. in color).

Called up: June 7, 2024 - ca. 13.38 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 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
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.