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Sale: 468 / Modern Art I, June 09. 2018 in Munich Lot 705

 
Lot description
Ada. Um 1930 / 1935.
Watercolor.
Signed in lower right. On Japon. 47.5 x 35.7 cm (18.7 x 14 in) , the full sheet.

Accompanied by a photo expertise issued by Prof. Dr. on July 26, 2017.

PROVENANCE: Dr. Emanuel Wolff, Huntingdon Valley, USA
Private collection (inherited from aforementioned).

Emil Nolde after the death of his wife Ada, 1946:
"Even I neither painted her nor myself on very many occasions, her subtlety and her whole nature live on in my pictures."

Called up: June 9, 2018 - ca. 12.46 h +/- 20 min.

Essay
Manfred Reuther
705
Emil Nolde
Ada, Um 1930/1935.
Watercolor
Estimate:
€ 150,000 - 250,000

 
$ 180,000 - 300,000

+
 


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Emil Nolde - Ada - Frame image
Frame image
Emil Nolde - Ada -
Emil Nolde - Ada -
Emil Nolde - Ada -
Emil Nolde - Ada -
 
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Buyer's premium, taxation and resale right apportionment for Emil Nolde "Ada"
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.
Emil Nolde - lots sold by Ketterer Kunst