Sale: 554 / Modern Art Day Sale, June 08. 2024 in Munich Lot 422


422
Emil Nolde
Südseebild, 1913/ 1914.
Watercolor and India ink
Estimate:
€ 20,000 - 30,000

 
$ 21,400 - 32,100

+
Südseebild. 1913/ 1914.
Watercolor and India ink.
Signed in lower right. On wove paper. 18.7 x 14.5 cm (7.3 x 5.7 in), the full sheet.
[SM].
• Emil Nolde often made his strongest statements in his small-format watercolors.
• Atmospheric seascape.
• Expressive contrast of bright watercolors and velvety black ink
.

PROVENANCE: Private collection, Northern Germany (until 1959: Stuttgarter Kunstkabinett).
Private collection Rhineland (acquired from the above, ever since family owned).

LITERATURE: Stuttgarter Kunstkabinett, Roman Norbert Ketterer, Stuttgart, auction 34, November 21, 1959, lot 639, illu. on plate 79 (here dated: 1913/14).

Called up: June 8, 2024 - ca. 17.29 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for Emil Nolde "Südseebild"
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.