Sale: 554 / Modern Art Day Sale, June 08. 2024 in Munich Lot 432


432
Emil Nolde
Marschlandschaft, 1920.
Watercolor
Estimate:
€ 50,000 - 60,000

 
$ 53,500 - 64,200

+
Marschlandschaft. 1920.
Watercolor.
Signed in lower right. On thin Japan paper. 34 x 47.5 cm (13.3 x 18.7 in), the full sheet. [EH].

• Large sheet in vibrant colors.
• A clear representation of the vast, flat marshland landscape around Utenwarf on the Ruttebüller Tief, the artist's home at the time
.

Accompanied by a photo certificate issued by Dr. Manfred Reuther, Foundation Seebüll Ada and Emil Nolde, from April 5, 2011.

PROVENANCE: Private collection Southern Germany.

Called up: June 8, 2024 - ca. 17.42 h +/- 20 min.

The Noldes moved from the island of Alsen to Utenwarf in 1916. The flat northern Germany landscape and the secluded rural surroundings remained a retreat and source of inspiration for the artist throughout his life. Nolde explored the vast marshlands around his home, its barren appeal, inspired solely by weather phenomena, remained a subject that Nolde interpreted with his own sensitivity. The results are exuberant color worlds, rendered on paper in his unique watercolor technique in the way the artist perceived them. Nolde thus lends an unprecedented colorfulness to a landscape that is simply flat and gray-green, devoid of any visual excess. It is the changing light moods of a vast, infinite sky that Nolde unites in a symbiosis of closeness to nature and deliberate abstraction. It is not about reality, but the perception thereof.




Buyer's premium, taxation and resale right compensation for Emil Nolde "Marschlandschaft"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.

The artist‘s resale right compensation is VAT-exempt.