Sale: 547 / Modern Art Day Sale, Dec. 09. 2023 in Munich Lot 449

 

449
Francis Picabia
Paysage maritime, 1938.
Oil on cardboard
Estimate:
€ 20,000 - 30,000

 
$ 21,000 - 31,500

+
Paysage maritime. 1938.
Oil on cardboard.
Signed in upper right. 37.5 x 45.4 cm (14.7 x 17.8 in). [EH].

• Excellent work in intesive colors.
• In the late 1930s, Picabia revisited the landscape theme and interpreted it in a completely new way with voluminous brushstrokes reminiscent of "Art Brut".
• From 1934 to 1940, Picabia worked in his studio at the port of Golfe-Juan between Cannes and Antibes.
• Paintings by Francis Picabia can be found at, among others, the Guggenheim Museum, New York, the Museum Boijmans von Beuningen, Rotterdam, and the Center Pompidou, Paris
.

Accompanied by a photo authentication issued by the Comité Picabia on April 16, 1999.
The painting will be included into the catalog raisonné Francis Picabia with the registration number 2308.

PROVENANCE: Private collection Switzerland.
Private collection Hanover (since 1999, from Hauswedell & Nolte).

LITERATURE: Wiliam A. Camfield, Francis Picabia. Catalogue raisonné, Brussels 2014, vol.3, no. 1509, p. 393
Hauswedell & Nolte, Hamburg, auction 343, Moderne Kunst, June 12, 1999, lot 2096, p. 282 (color illu. p. 283)
Jean-Paul Potron, Paysages de Nice Villefranche-Beaulieu du XVIIème au XXème siècle, Nice, 2000, fig.
Arnauld Pierre, Francis Picabia. La peinture sans aura, Paris 2002, fig.

Called up: December 9, 2023 - ca. 18.39 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Francis Picabia "Paysage maritime"
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.