Sale: 547 / Modern Art Day Sale, Dec. 09. 2023 in Munich Lot 471


471
Otto Dix
Düsseldorf (Straßenszene Düsseldorf), 1923.
Watercolor and gouache over pencil and pen
Estimate:
€ 80,000 - 120,000

 
$ 84,000 - 126,000

+
Düsseldorf (Straßenszene Düsseldorf). 1923.
Watercolor and gouache over pencil and pen.
Lower right signed and dated, as well as inscribed "225". Titled on the reverse. On wove paper (with watermark). 60.5 x 48.5 cm (23.8 x 19 in). [AW].

• Characteristic, large-format watercolor from the sought-after 1920s.
• His most significant watercolors were created in Düsseldorf in 1922/23.
• After his traumatic experience and in the tense social situation after WWI, Dix sketched social typologies from the demimonde to the bourgeoisie
.

Accompanied by a photo authentication (in copy) from Mr Rainer Pfefferkorn, Otto Dix Foundation, from August 20, 1986.

PROVENANCE: Collection of Hedwig and Wilhelm Buller, Duisburg.
Private collection (acquired from the above in 1959.
Galerie Michael Haas, Berlin (acquired from the above in 1985).
Deutsche Bank Collection (acquired from the above in 1986).

EXHIBITION: Otto Dix. Werke der 20er Jahre. Aquarelle, Zeichnungen, Graphik, Galerie Michael Naumann, Düsseldorf, March 12 - April 30, 1986, cat. no. 10 (cover and color illu.).
Arbeiten auf Papier, Galerie Michael Haas, Berlin, 1986, cat. no. 2 (color illu.).

LITERATURE: Suse Pfäffle, Otto Dix. Catalogue raisonné of watercolors and gouaches, Stuttgart 1991, no. A/G 1923/7 (color illu. p. 124).
Lempertz'sche Kunstversteigerung, Cologne, 458th auction, December 5, 1959, lot 69.
Sotheby's, London, December 5, 1985, lot 583 (fig.).

"I have never written any confessions of mine, since, as you will see, my paintings are confessions of the most sincere kind, the like of which you will rarely find in these times, nor am I at all willing or able to talk about aesthetic and philosophical matters, and anything else would be vain and foolish chatter. Nor am I willing to reveal the depths or shallows of my soul to astonished citizens and contemporaries. He who has eyes to see, let him see!"
Otto Dix to Hans Kinkel, 1948, quoted from: Dix in Düsseldorf, ex. cat. Remmert and Barth, Düsseldorf 2011, p. 120

Called up: December 9, 2023 - ca. 19.07 h +/- 20 min.




471
Otto Dix
Düsseldorf (Straßenszene Düsseldorf), 1923.
Watercolor and gouache over pencil and pen
Estimate:
€ 80,000 - 120,000

 
$ 84,000 - 126,000

+


Buyer's premium, taxation and resale right compensation for Otto Dix "Düsseldorf (Straßenszene Düsseldorf)"
This lot can only be purchased subject to regular taxation, artist‘s resale right compensation is due.

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.

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.