Sale: 519 / Post War / Cont. Art II, June 19. 2021 in Munich Lot 498

 
498
Richard Oelze
Wald, 1963/64.
Oil on canvas
Estimate:
€ 40,000 - 60,000

 
$ 48,000 - 72,000

+
Lot description
Wald. 1963/64.
Oil on canvas.
Schmied 126. Signed in lower left. 128 x 160 cm (50.3 x 62.9 in). [EH].

• The work in the artist's unmistakable style was shown at documenta II the year it was created.
• Largest work by Richard Oelze ever to be offered on the international auction market (source: artprice.com).
• One of the most important German painters of Surrealism.
• In the 1930s the former Bauhaus student turned to Surrealism.
• Works by Richard Oelze are in posession of, among others, the Museum of Modern Art, New York, the Städel Museum, Frankfurt a. M., and the Israel Museum, Jerusalem
.

PROVENANCE: Galerie Pels-Leusden, Berlin (catalog 1986, illu. on p. 75).
Private collection.

EXHIBITION: Deutscher Künstlerbund, Berlin 1964, cat. no. 129, illu. on p. 143.
documenta III, Kassel, 1964, vol. 1, p. 376 with illu. (with a fragmentarily preserved label on the reverse).
Kestner Gesellschaft, Hanover, 1964, cat. no. 111.
Richard Oelze, Kunstverein für die Rheinlande und Westfalen, Düsseldorf, May 11 - June 20, 1965, cat. no. 111.
50 Jahre Bauhaus, Württembergischer Kunstverein Stuttgart, 1968, cat. no. 225, illu. on p. 289 (with a label on the reverse).

LITERATURE: Jahrbuch des Wallraf-Richartz-Museum, no. 31, 1969, p. 300.

Called up: June 19, 2021 - ca. 15.24 h +/- 20 min.

 


Buyer's premium, taxation and resale right apportionment for Richard Oelze "Wald"
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.