Sale: 547 / Modern Art Day Sale, Dec. 09. 2023 in Munich Lot 446


446
Emil Nolde
Marktleute, Um 1908/ 1910.
Brush and India ink drawing
Estimate:
€ 18,000 - 24,000

 
$ 18,900 - 25,200

+
Marktleute. Ca. 1908.
Brush and India ink drawing.
Signed in lower right. On Japon. 20 x 28 cm (7.8 x 11 in), size of sheet.
[SM].

• Early drawing.
• Created during the market days in Viborg, where Nolde spent the day drawing on the trail of real nature.
• He also made two oil paintings of the market people
.

Accompanied by a photo authentication issued by Prof. Dr. Manfred Reuther, Klockries, on November 2, 2023. The watercolor is listed in the Archive Reuther as "Nolde Z - 290/2023".

PROVENANCE: Private collection Southern Germany (inherited in 2014).

Called up: December 9, 2023 - ca. 18.35 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for Emil Nolde "Marktleute"
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.