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Sale: 451 / Post War, June 10. 2017 in Munich Lot 117000126

Lot description
Currents. 1983/84.
Mixed media. Oil over punched board on canvas.
Verso signed, dated "83/84" and titled. With direction arrow on stretcher. 100 x 100 cm (39.3 x 39.3 in).

One of the artist's rare grid pictures.

PROVENANCE: Galerie Löhrl, Mönchengladbach.
Private collection Munich (acquired from aforementioned).

EXHIBITION: 1936 verbotene Bilder - 1986 Vielfalt der Bilder, 34th annual exhibition. Rheinisches Landesmuseum und Wissenschaftszentrum, Bonn 6 September - 5 October 1986 (verso with the shipping label).

Buyer's premium, taxation and resale right apportionment
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

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

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
Currents, 1983/84.
Mixed media
Estimate: € 100,000 / $ 108,000

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Otto Piene - Currents - Frame image
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