Sale: 502 / Modern Art II, July 18. 2020 in Munich Lot 321

Emil Nolde
Zwei Männer im Profil, 1938/1945.
Watercolor and India ink drawing
€ 40,000 - 60,000

$ 45,600 - 68,400

Lot description
Zwei Männer im Profil. 1938/1945.
Watercolor and India ink drawing.
Signed in lower right. On Japon. 18.7 x 16.2 cm (7.3 x 6.3 in), the full sheet. [CH].

• Watercolor with a painting-like effect.
• A combination of graphic elements with rich and strong color gradients.
• For Nolde's oeuvre the depicted men have an unusually expressive facial expression
Accompanied by a photo expertise issued by Prof. Dr. Manfred Reuther, Foundation Seebüll Ada and Emil Nolde, on May 27, 2009. The work is registered at the foundation.

PROVENANCE: Private collection Baden-Württemberg.
Private collection Netherlands.
Private collection Canada (acquired from aforementioend in 2009).

LITERATURE: Nagel auctions, Stuttgart, October 17, 2009, Modern Art, lot 722 (with full-page illu.).

Called up: July 18, 2020 - ca. 14.21 h +/- 20 min.


Buyer's premium, taxation and resale right apportionment for Emil Nolde "Zwei Männer im Profil"
This lot can be subjected to differential taxation plus a 7% import tax levy (saving approx. 5 % compared to regular taxation) 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 2.4% including statutory sales tax.