172
Hermann Max Pechstein
Zwei Köpfe, 1920.
Watercolor over pencil on cardboard
Estimate:
€ 40,000 - 60,000
$ 46,400 - 69,600
Hermann Max Pechstein
1881 - 1955
Zwei Köpfe. 1920.
Watercolor over pencil on cardboard.
Signed and dated in the lower right. 51 x 75.5 cm (20 x 29.7 in), the full sheet.
[AR].
• Large-format, expressive double portrait with powerful expressiveness.
• Magnificently accentuated with intense watercolors, creating a pictorial effect.
• From the period after the end of World War I, a time when Pechstein found a new formal language.
• The artist spends the summer in Nidden, and his sensitive portraits and landscapes from this period testify to the great inspiration he drew from his retreat.
• Part of an important private collection in Berlin for almost 40 years.
PROVENANCE: Private collection, Berlin (since 1987: Christie's, London).
LITERATURE: Kornfeld und Klipstein, Bern, Auction 112, Modern Art, May 27-29, 1964, Lot 1046 (with illustration, plate 89).
Christie's, London, Impressionist and Modern Watercolors and Drawings, December 1, 1987, Lot 350 (with color illustration on p. 58).
Called up: December 6, 2025 - ca. 14.36 h +/- 20 min.
1881 - 1955
Zwei Köpfe. 1920.
Watercolor over pencil on cardboard.
Signed and dated in the lower right. 51 x 75.5 cm (20 x 29.7 in), the full sheet.
[AR].
• Large-format, expressive double portrait with powerful expressiveness.
• Magnificently accentuated with intense watercolors, creating a pictorial effect.
• From the period after the end of World War I, a time when Pechstein found a new formal language.
• The artist spends the summer in Nidden, and his sensitive portraits and landscapes from this period testify to the great inspiration he drew from his retreat.
• Part of an important private collection in Berlin for almost 40 years.
PROVENANCE: Private collection, Berlin (since 1987: Christie's, London).
LITERATURE: Kornfeld und Klipstein, Bern, Auction 112, Modern Art, May 27-29, 1964, Lot 1046 (with illustration, plate 89).
Christie's, London, Impressionist and Modern Watercolors and Drawings, December 1, 1987, Lot 350 (with color illustration on p. 58).
Called up: December 6, 2025 - ca. 14.36 h +/- 20 min.
172
Hermann Max Pechstein
Zwei Köpfe, 1920.
Watercolor over pencil on cardboard
Estimate:
€ 40,000 - 60,000
$ 46,400 - 69,600
Buyer's premium, taxation and resale right compensation for Hermann Max Pechstein "Zwei Köpfe"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.
Differential taxation:
Hammer price up to 1,000,000 €: herefrom 34 % premium.
The share of the hammer price exceeding 1,000,000 € is subject to a premium of 29 % and is added to the premium of the share of the hammer price up to 1,000,000 €.
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 1,000,000 €: herefrom 29 % premium.
The share of the hammer price exceeding 1,000,000 € is subject to a premium of 23% and is added to the premium of the share of the hammer price up to 1,000,000 €.
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 7 % is levied to the sum of hammer price and premium.
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.
Differential taxation:
Hammer price up to 1,000,000 €: herefrom 34 % premium.
The share of the hammer price exceeding 1,000,000 € is subject to a premium of 29 % and is added to the premium of the share of the hammer price up to 1,000,000 €.
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 1,000,000 €: herefrom 29 % premium.
The share of the hammer price exceeding 1,000,000 € is subject to a premium of 23% and is added to the premium of the share of the hammer price up to 1,000,000 €.
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 7 % is levied to the sum of hammer price and premium.
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.
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We will inform you in time.



Lot 172

