No VAT will be charged on the hammer price, but VAT at 15% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
Jan Tschichold, Basel, possibly by 1930 till 1947, on loan from the artist.
Marguerite Arp-Hagenbach, Basel, by 1947 till 1954, on loan from the above.
Ernst Schwitters, Lysaker, by descent from the artist (Oeuvre Nr.: 1923/26,1229).
Galerie Berggruen, Paris, by 1954.
Galerie Gmurzynska, Cologne, by 1978.
Acquired from the above by the present owner in 1993.
PROPERTY FROM A PRIVATE COLLECTION
K. Orchard & I. Schulz (eds.), Kurt Schwitters, Catalogue raisonné, vol. I, 1905-1922, Hanover, 2000, no. 1037 (illustrated p. 501).
Munich, Galerie Hans Goltz, Zehn Jahre Neue Kunst in München, erster Teil: Aquarelle, Zeichnungen, Graphik, November - December 1922, no. 293.
Berne, Kunstmuseum, Kurt Schwitters aus schweizerischem Privatbesitz, February - April 1945.
Basel, Galerie d'Art Moderne, Gedächtnisausstellung Kurt Schwitters, February 1948.
Paris, Galerie Berggruen, Collages, April - May 1954.
Cologne, Galerie Gmurzynska, Kurt Schwitters, October - December 1978, no. 24 (illustrated p. 66).