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Sale: 467 / Post War II, June 08. 2018 in Munich Lot 323

Lot description
Goldgrund. 1989.
Mixed media . Brass paint and soot on board.
Signed and dated in lower right, titled in lower left. 65 x 100 cm (25.5 x 39.3 in) , the full sheet.
With a discarded pencil sketch on verso. [FS].

PROVENANCE: Private collection Southern Germany.

"I would like to disappear behind my art even more, to show even less individuality of me as the author, in order to give a force such as light an even bigger stage and to annihilate materiality and to win greater freedom."
Quote from: Udo Kultermann, Otto Piene. Retrospektive 1952-1996, ex. cat. Kunstmuseum Düsseldorf 1996, p. 27

Otto Piene
Goldgrund, 1989.
Mixed media
Post auction sale: € 15,000 / $ 18,000

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Buyer's premium, taxation and resale right apportionment for Otto Piene "Goldgrund"
This lot can only be purchased subject to regular taxation.

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

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