Sale: 502 / Modern Art II, July 18. 2020 in Munich Lot 423

Pablo Picasso
Femme au fauteuil (Variante), 1949.
€ 20,000 - 30,000

$ 22,800 - 34,200

Lot description
Femme au fauteuil (Variante). 1949.
Mourlot 154. Dated "17.4.49" in template. From an edition of five copies. On firm creme wove paper. x 71 x 54.5 cm ( x 27.9 x 21.4 in). Sheet: 76,5 x 56,3 cm (30,1 x 22,2 in).
Picasso composed this sheet from his two earlier lithographs "Femme au FauteuiI IV." (Mourlot 137, 2nd state) and "Jeune Femme" (Mourlot 153). The space filled with the portrait at a later point was left blank in the first proof and was only printed in the second proof. This method inspired the artist to three works in oil (Femme assise, 1949, Zervos 128, 129 and 142). [CH].
• From the important graphic body "Femme au fauteuil" (1948/49), a series of depictions of Picasso‘s muse Françoise Gillot
• One of only five copies
• Composition of two earlier lithographic works
• Document of Pablo Picasso‘s adventurous and intrepid nature
• Inspiration for several later paintings

PROVENANCE: Galerie Utermann, Dortmund.
Private collection North Rhine-Westphalia.

Called up: July 18, 2020 - ca. 16.03 h +/- 20 min.


Buyer's premium, taxation and resale right apportionment for Pablo Picasso "Femme au fauteuil (Variante)"
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 2.4% including statutory sales tax.