Sale: 591 / Day Sale, June 07. 2025 in Munich button next Lot 240


240
Pablo Picasso
Le déjeuner sur l'herbe, d'après Manet II, 1962.
Linocut in colors
Estimate:
€ 15,000 - 20,000

 
$ 16,950 - 22,600

+
Le déjeuner sur l'herbe, d'après Manet II. 1962.
Linocut in colors.
Signed and with a personal dedication to Hidalgo Arnéra. Trial proof aside from the edition of 50 copies. On Arches wove paper (with the watermark). 53 x 64 cm (20.8 x 25.1 in). Sheet: 62,4 x 72,4 cm (24,5 x 28,5 in).
Printed by Hidalgo Arnéra. Published by Galerie Louise Leiris, Paris. [KA].

More works from the Max Niedermayer Collection, Limes-Verlag Wiesbaden, will be offered in the Evening Sale on June 6 and in the Day Sale on June 7, as well as in other auctions throughout the year.

• Personally dedicated by Picasso to his printer Arnéra.
• In his unmistakable style, Picasso masterfully reinterprets Manet's “Déjeuner sur l'herbe.”
• In Picasso's graphic oeuvre, the colorful linocuts occupy a prominent place thanks to their technical diversity and expressive power
.

PROVENANCE: Max Niedermayer Collection, Wiesbaden (until 1968).
Estate of Max Niedermayer, Wiesbaden (until 1979).
Private collection, Rhineland-Palatinate (acquired from the above in 1979).
In family ownership since.

LITERATURE: Bernhard Geiser, Brigitte Baer, Picasso painter and engraver. Catalogue raisonné of engraved works and monotypes, vol. V: 1959-1965, Bern 1989, catalogue number 1329 IV A (of IV B b) (illustrated)
Georges Bloch, Pablo Picasso. Catalogue de l'œuvre gravé et lithographié 1904-1967, Bern 1984, cat. no. 1097 (illustrated).

Called up: June 7, 2025 - ca. 17.06 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for Pablo Picasso "Le déjeuner sur l'herbe, d'après Manet II"
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 7 % is levied to the sum of hammer price and premium.

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.


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