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Sale: 486 / Art of the 20/21 Century III, June 08. 2019 in Munich Lot 219

Lot description
Lesende - Die Frau des Künstlers (Martha Liebermann). Um 1890.
Pencil drawing.
Signed in lower left and dated in lower right. On grayish wove paper. 17.8 x 12 cm (7 x 4.7 in) , size of sheet.
Verso with barely identifiable pencil sketches, among them a female figure with a hair knot.
Swift figure sketch from the artist's private surroundings.
This work's authenticity has kindly been confirmed by Dr. Margreet Nouwen, Berlin, April 2018. We are grateful for her kind expert advice.

PROVENANCE: From the collection Dr. Werner Eberhard Müller, Leipzig (verso with a small collector's stamp and a hand-written note, Lugt 5075).

Max Liebermann
Lesende - Die Frau des Künstlers (Martha Liebermann), Um 1890.
Pencil drawing
Post auction sale: € 5,000 / $ 5,650

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Buyer's premium, taxation and resale right apportionment for Max Liebermann "Lesende - Die Frau des Künstlers (Martha Liebermann)"
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.
Max Liebermann - lots sold by Ketterer Kunst