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Sale: 457 / Modern Art II, Dec. 07. 2017 in Munich Lot 144

Lot description
Häuser in Andraitx de Mallorca. 1932.
Oil on canvas.
Not in Seel. Lower right monogrammed (in ligature) and dated. 68 x 97 cm (26.7 x 38.1 in).
Inscribed: "Restauriert Sept. 1953 v. WH" on a pasted stripe of canvas on rear.

PROVENANCE: Private collection, Berlin (present from the artist).
Villa Grisebach auctions, 131st auction, Berlin 26 November 2005, cat. no. 327 with illu. (verso with the label).
Private collection Berlin (acquired in aforementioned auction).

Werner Heldt
Häuser in Andraitx de Mallorca, 1932.
Oil on canvas
Post auction sale: € 16,000 / $ 19,200

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Buyer's premium, taxation and resale right apportionment for Werner Heldt "Häuser in Andraitx de Mallorca"
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.
Werner Heldt - lots sold by Ketterer Kunst