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Sale: 467 / Post War II, June 08. 2018 in Munich Lot 511

 
Lot description
Lofoten. 1937.
Watercolor.
Not in Claesges. Signed and dated in lower left. On laid paper by Ingres (with watermark). 48 x 62.7 cm (18.8 x 24.6 in) , almost the full sheet.
[EH].

The work is registered in the (online-) catalog raisonné of E. W. Nay's works on paper with the number 37014.2. The catalog is regularly up-dated by Elisabeth Nay-Scheibler and Dr. Magdalene Claesges, Cologne.

PROVENANCE: Presumably acquired directly from the artist.
Since in family possession.

"The nature of the Lofoten Islands was Nay's muse.“ Quote from Welt am Sonntag, December 29, 2002.

511
Ernst Wilhelm Nay
Lofoten, 1937.
Watercolor
Post auction sale: € 18,000 / $ 21,060
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Buyer's premium, taxation and resale right apportionment for Ernst Wilhelm Nay "Lofoten"
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.
Ernst Wilhelm Nay - lots sold by Ketterer Kunst