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Sale: 466 / Modern Art II, June 07. 2018 in Munich Lot 107

Lot description
Bildnis Arthur Kaufmann. 1923.
Watercolor over pencil.
Pfäffle A 1923/77. Lower right signed and dated. On firm wove paper. 49.5 x 37.7 cm (19.4 x 14.8 in).
With a sketch in pencil on verso. [EH].
Portrait of his artist friend.

Called up: June 7, 2018 - ca. 16.30 h +/- 20 min.

Otto Dix
Bildnis Arthur Kaufmann, 1923.
€ 20,000 - 30,000

$ 24,000 - 36,000


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Buyer's premium, taxation and resale right apportionment for Otto Dix "Bildnis Arthur Kaufmann"
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.
Otto Dix - lots sold by Ketterer Kunst