KANDINSKY OIL PAINTING

Auction by: Maltz Auctions

Bankruptcy Auction

Early 20th C. Painting Attributed to Wassily Kandinsky

Live On-Site Auction

Began: Thursday, July 30, 2020 at 11:30 AM EDT

Location: Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722

Details

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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York

In Re: Mordechay Movtady – Case No. 18-76758-REG

Early 20th C. Painting Attributed To Wassily Kandinsky

LIVE & ONLINE BIDDING  – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google Play 

  Pre-Registration Required to Bid.  You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit to be approved for bidding.  Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction). 

 Details:

  • Composition “No. 2”

  • Oil Painting on Canvas

  • Attributed to Wassily Kandinsky (1866-1944) Russia

  • Signed on Back

  • 124 cm x 89 cm (48.8″ x 35.0″)

  • Chronologically Attributed to the period of 1917-1919

  • Written determination by the Ministry of Culture of the USSR/All-Union Museum Association/State Tretyakovsky Gallery (1980). Translated to English 1991.

  • Analysis Report by Institut d’Art Conservation et Couleur (France) 2013


 

Inspection: Thursday, July 30, 2020 from 10:00 am – 11:30 am. Also available by appointment prior to July 30th.

Auction Date: Thursday, July 30, 2020 at 11:30 am. Registration commences at 10:00 am.

Online Bidding: Online Bidding will open Friday, July 24, 2020 at 2:00 pm and will convert into a live auction with online bidding at 11:30 am on Thursday, July 30, 2020.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Auction Location: Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.  Online and absentee bidding available with pre-registration.

Pre-Registration for Online Bidding:  You Must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a 25% deposit (you will be approved to bid up to 4x your deposit amount) to be approved for bidding.  Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (All must be received by 3:00 pm on Wednesday, July 29, 2020 or you may not be approved to bid prior to the conclusion of the auction).

Auction Location: Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.  Online bidding and absentee bidding available with pre-registration.

Deposit: A 25% minimum deposit in cash or certified funds is required on knockdown of the bid.  Deposits may also be tendered via wire, certified check or official bank check in advance of July 29th for application towards the 25% down payment requirement.

Buyer’s Premium: Subject to a 12.5% Buyer’s Premium. 

 

 Robert L. Pryor, Esq., Chapter 7 Trustee
Pryor & Mandelup, L.L.P., Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer DCA# 1240836

David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
 Phone (516) 349-7022  Fax (516) 349-0105

The Assets are being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Assets in making their bids. Neither Maltz, the Trustee, the Attorney for the Trustee or any of their collective representatives makes any representations or warranties with respect to the permissible uses of the Assets.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Assets and are not relying on any information provided by Maltz, the Trustee, the Attorney for the Trustee, or their professionals.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Assets.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Assets.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution. 

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