Sale: 512 / Modern Art II, Dec. 12. 2020 in Munich Lot 413

Hermann Max Pechstein
Badende I, 1911.
Woodcut, colored
Post auction sale: € 27,000 / $ 31,590
Lot description
Badende I. 1911.
Woodcut, colored.
Krüger H 96. Signed and dated "1912". One of the rare hand-colored proofs aside from the edition of 23 copies published by Gurlitt in 1911 (of which 8 hand-colored on laid paper) . On simili Japon. 40.2 x 32.1 cm (15.8 x 12.6 in). Sheet: 61 x 50,5 cm (23,8 x 19,8 in).
Sheet 1 of the series "Badende". Another copy is in the Graphische Sammlung Albertina, Vienna.
• Remarkable graphic document from the Brücke era, particularly captivating for its expressionistic motif anf the expressive coloring.
• Very rare. Only 2 other hand-colored copies were offered on the international auction market since the 1980s. (Source:

PROVENANCE: Private collection Northern Germany (acquired from Grisebach in 1994).
Private collection Netherlands (since 2013).

LITERATURE: Villa Grisebach Auktionen, auction 37, Ausgewählte Werke, May 27, 1994, cat. no. 15, with illu.


Buyer's premium, taxation and resale right apportionment for Hermann Max Pechstein "Badende I"
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.