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Sale: 447 / Modern Art II, June 08. 2017 in Munich Lot 51

 
Lot description
Portrait Siddi Heckel. 1920-1925.
Watercolor over pencil.
Lower left signed and barely legibly dated. On laid paper by Van Gelder (with watermark "crowned lion with saber"). 40.3 x 32.5 cm (15.8 x 12.7 in), the full sheet.
For the sheets condition please see our condition report.

We are grateful to Ms Renate Ebner and Mr Hans Geissler, estate Erich Heckel, Hemmenhofen on Lake Constance, for the kind support in cataloging this lot.

PROVENANCE: Private collection Switzerland (acquired in below-mentioned auction in 1991).

LITERATURE: Galerie Kornfeld, Bern, auction 206, 19 21 June 1991, lot 446 (no illu.).

Buyer's premium, taxation and resale right apportionment
This lot can be subjected to differential taxation plus a 7% import tax levy (saving approx. 5 % compared to regular taxation) or regular taxation.

Differential taxation:
Hammer prices up to € 500,000: 32 % buyer's premium
Hammer prices above € 500,000: for the share up to € 500,000: 32%, for the share above € 500,000: 27% buyer's premium
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer prices up to € 500,000: 25 % buyer's premium plus statutory sales tax Hammer prices above € 500,000: for the share up to € 500,000: 25%, for the share above € 500.000: 20% buyer's premium, each plus statutory sales tax

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Resale right apportionment:
Objects made by artists who have not died at least 70 years ago are subject to a resale right apportionment of 1.5% plus statutory sales tax.
51
Erich Heckel
Portrait Siddi Heckel, 1920-1925.
Watercolor
Post auction sale: € 7,000 / $ 8,120
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Erich Heckel - Portrait Siddi Heckel - Frame image
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