No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium, which is invoiced on a VAT inclusive basis.
PROPERTY FROM THE STIFTUNG FÜR KREBS UND SCHARLACHFORSCHUNG
Josef Karl Paul Otto Krebs was born in Wiesbaden on 23 March 1873. After finishing his university studies, he became an extremely successful entrepreneur by developing his steam boiler company, Strebel, into a world-wide business. Economic success enabled Krebs to build up one of the great private art collections in Germany before the Second World War -- a collection that was indeed private in the sense that it remained largely hidden from the public, to be enjoyed by Krebs and his guests during visits to his country house in Holzdorf, near Weimar in Thuringia.
Otto Krebs the art collector emerges as a man of great taste, assembling a group of outstanding works of French Impressionist and Post-Impressionist art in the 1920s and 1930s. Fascinatingly, Krebs seems to have acted without advisers; he made his purchases through the leading art dealers of his time, M. Goldschmidt in Frankfurt (close to his business in Mannheim and his main residence in Heidelberg) as well as Paul Cassirer, Alfred Flechtheim and Justin Thannhauser in Berlin or the Galerie Arnold in Dresden. Krebs seems to have made his main purchases up until about 1930, later acquisitions or sales were made to improve the quality of the collection. His focus on French works of the late 19th and early 20th centuries had become typical for grand-bourgeois collecting in Germany since the late 19th century, when art collectors like Otto Gerstenberg and Eduard Arnhold began to bring their outstanding picture galleries together.
From the mid-1930s, the Krebs collection was stored in a strong-room in Holzdorf; it remained there throughout the war and after the collector's death in 1941. For the integrity of the art collection itself, its locality was decisive: when US troops withdrew from Thuringia in the summer of 1945, Holzdorf became one of the headquarters for the Soviet Military Administration. With the exception of the works included in this sale, the Krebs collection was subsequently transferred to the then Soviet Union. It has remained at the State Hermitage in St. Petersburg ever since and was first shown publicly in 1995, when the Hermitage produced the groundbreaking exhibition 'Hidden Treasures Revealed'.
The following works from the Krebs collection are sold to benefit the Stiftung für Krebs und Scharlachforschung, a foundation involved in cancer and scarlet fever research. As scarlet fever no longer poses a medical problem, cancer research remains the focus of the foundation's work. All proceeds from the foundation's capital benefit ongoing research at Heidelberg University, as will the proceeds from this sale.