Sale: 548 / Contemporary Art Day Sale, Dec. 08. 2023 in Munich Lot 125


125
Ernst Wilhelm Nay
Ohne Titel, 1963.
Watercolor
Estimate:
€ 30,000 - 40,000

 
$ 31,500 - 42,000

+
Ohne Titel. 1963.
Watercolor.
Lower right signed and dated. On firm watercolor paper. 41.8 x 60 cm (16.4 x 23.6 in), the full sheet. [CH].

• From the group of the "Eye Pictures", in which Nay changed his previous key motif of the Disk in a gestural expressive manner, by 'crossing it out', he found the depiction of the "eyes".
• The warm dark colors and the variation of opaque and glazed elements create a particularly atmospheric composition.
• The following year, Nay showed his works at the important documenta III in Kassel.
• Comparable watercolors from this series can be found in, among others, the collections of the Centre Pompidou, Paris, the Buffalo AKG Art Gallery in Buffalo/New York, the Museum Ludwig in Cologne, the Städel Museum, Frankfurt am Main, the Staatsgalerie Stuttgart and the Staatliche Graphische Sammlung in Munich
.

PROVENANCE: Galerie M. Knoedler & Co., New York (1964).
Private collection (1965).
Galerie M. Knoedler & Co.New York.
Galerie Thomas, Munich (acquired from the above in 1973).
Private collection Southern Germany.

EXHIBITION: Ernst Wilhelm Nay, Galerie M. Knoedler & Co., New York, January 21 - February 8, 1964.
Contemporary European Watercolors (organized by the Museum of Modern Art, New York), traveling exhibition with stops at various American museums, 1965/66 (exhibition label on the reverse).

LITERATURE: Magdalene Claesges, Ernst Wilhelm Nay. Werkverzeichnis. Aquarelle - Gouachen - Zeichnungen, vol. 3: 1954-1968, Berlin 2018, no. 63-061 (color illu.).

Called up: December 8, 2023 - ca. 13.33 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for Ernst Wilhelm Nay "Ohne Titel"
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.