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Sale: 466 / Modern Art II, June 07. 2018 in Munich Lot 117000171

Lot description
Paessaggio di Grizzana, le Lame. 1931.
Vitali 89 II (of III). Signed, dated and numbered. From an edition of 30 copies. 23.6 x 25 cm (9.2 x 9.8 in).

PROVENANCE: Galleria La Medusa, Rome (before 1980).
Dr. Emanuel Wolff, Huntingdon Valley, USA (acquired from aforementioned in 1980)
Private collection (inherited from aforementioned).

Giorgio Morandi's view from his studio's window looked over the Appenine mountain village of Grizzana, today named Grizzana-Morandi. Resembling a still life, the artist composes the landscape of geometric forms. This way art becomes an expression of the perfect harmony beyond the visible reality. In his days Giorgio Morandi took the art of etching to new levels and was honored with a professorship for etching at the Accademia di Belle Arti in Bologna.
Giorgio Morandi
Paessaggio di Grizzana, le Lame, 1931.
€ 5,000 - 7,000

$ 6,000 - 8,400


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Buyer's premium, taxation and resale right apportionment for Giorgio Morandi "Paessaggio di Grizzana, le Lame"
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.
Giorgio Morandi - lots sold by Ketterer Kunst