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Sale: 479 / Classics of the 20th Century I, Dec. 08. 2018 in Munich Lot 853

 
Lot description
Komposition. 1960.
Watercolor.
Lower right signed, dated and inscribed "J". Verso inscribed "WCA 3204" by a hand other than that of the artist. On grained laid paper. 41.9 x 60.3 cm (16.4 x 23.7 in) , the full sheet.
The inscription "I" behind the signature refers to Ischia, Italy, the place where this work was made. [CH].

We are grateful to Dr. Magdalene Claesges, Cologne, for her kind support in cataloging this lot.

PROVENANCE: Galerie M. Knoedler & Co, New York (with gallery label on the frame, there typographcially inscribed "WCA 3204" and "15194"), 1962 - 1965.
Collection Seymour H. Knox II, Buffalo, New York, USA.
Private collection USA.

"My pictures start from zero, evolve to a sample calculation and eventually turn to art."
E. W. Nay, June 29, 1955, quite after: Ex. cat. Bilder kommen aus Bildern. E. W. Nay 1902-68, Museum Haus Lange, Krefeld, April 21 - June 30, 1985 et al, p. 59.

Called up: December 8, 2018 - ca. 17.21 h +/- 20 min.

853
Ernst Wilhelm Nay
Komposition, 1960.
Watercolor
Estimate:
€ 30,000 - 40,000

 
$ 34,500 - 46,000

+
 


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Buyer's premium, taxation and resale right apportionment for Ernst Wilhelm Nay "Komposition"
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