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Sale: 470 / Post War I, June 09. 2018 in Munich Lot 908

Lot description
Echo (Jupiter) II. 2002 /03.
Oil , fire and smoke on canvas.
Verso signed, dated "03" and titled. Once more signed, dated "02" and titled on stretcher. 100 x 140 cm (39.3 x 55.1 in) . [SM].

PROVENANCE: Walter Storms Galerie, Munich.

"The picture is a force field, arena of the author's energies, molten, poured in the motion of color, received from the universe's infinity, guided into the capuillaries of the observer's soul."
Otto Piene, quote from: Kritisches Lexikon der Gegenwartskunst, p. 2.

Otto Piene, the great "ZERO" visionary, left behind a distinguished late body of work, which is also represented at the Kunstmuseum in Celle. Our work "Echo (Jupiter) II" was also made during this mature period. Emerging from the primal element fire, it shows the importance of the sky in Piene‘s creation: Firmament and space, both in constant motion and change, abound with energy and elementary force, are models of his art. Accordingly, our work also has a circular burn in the middle that seems like a celestial body. Shooting like the burning tail of a comet, the structure is about to collide, in a state of transition between two energetic levels.A strong red and a dynamic yellow underline the explosive force of this composition. Piene‘s famous fire technique once more leads to an ever new and fascinating figuration in this work. Borne by the transformative energy of fire, color and controlled coincidence, the artist created a work that is characterized by concentrated power and poetic beauty – elemental in the truest sense of the word.
Otto Piene
Echo (Jupiter) II, 2002/03.
Post auction sale: € 60,000 / $ 72,000

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Buyer's premium, taxation and resale right apportionment for Otto Piene "Echo (Jupiter) II"
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer prices up to € 500,000: 32 % buyer's premium
Hammer prices above € 500,000: for the share up to € 500,000: 32%, for the share above € 500,000: 27% buyer's premium
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer prices up to € 500,000: 25 % buyer's premium plus statutory sales tax Hammer prices above € 500,000: for the share up to € 500,000: 25%, for the share above € 500.000: 20% buyer's premium, each plus statutory sales tax

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Resale right apportionment:
Objects made by artists who have not died at least 70 years ago are subject to a resale right apportionment of 1.5% plus statutory sales tax.
Otto Piene - lots sold by Ketterer Kunst