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Sale: 449 / Modern Art, June 10. 2017 in Munich Lot 229

Lot description
Frauenkopf (mit kurzem Haar). 1918/19.
Watercolor and India ink drawing.
Lower right signed. On slightly brownish wove paper. 35.7 x 28.4 cm (14 x 11.1 in), size of sheet.

The expertise (duplicate) was not at hand before printing.

PROVENANCE: Private collection Italy.

Buyer's premium, taxation and resale right apportionment
This lot can be purchased subject to differential 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
Frauenkopf (mit kurzem Haar), 1918/19.
Post auction sale: € 55,000 / $ 63,800

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Emil Nolde - Frauenkopf (mit kurzem Haar) - Frame image
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