Sale: 554 / Modern Art Day Sale, June 08. 2024 in Munich Lot 495

 

495
Karl Schmidt-Rottluff
Große Strohfeime, 1959.
Watercolor
Post auction sale: € 18,000 / $ 19,440
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Große Strohfeime. 1959.
Watercolor.
Signed in the lower left and inscribed with the work number "5969" in the lower center. Dated and titled on the reverse. On firm wove paper. 49.5 x 69.5 cm (19.4 x 27.3 in), the full sheet.
[AR].

• The year the work was made, Schmidt-Rottluff devoted himself to watercolor with boundless creative energy.
• Highly stylized landscape depiction of great luminosity and clarity.
• Exemplary work with the characteristic combination of black contour lines and mosaic-like color fields.
• Offered on the international auction market for the first time (source: artprice.com)
.

The work is documented in the archive of the Karl and Emy Schmidt-Rottluff Foundation, Berlin.

PROVENANCE: Private collection Northern Germany.




 

Buyer's premium, taxation and resale right compensation for Karl Schmidt-Rottluff "Große Strohfeime"
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.