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Sale: 470 / Post War I, June 09. 2018 in Munich Lot 867

 
Lot description
Ohne Titel (Rauchbild - Stella di Mare Rossa). 1963.
Mixed media . Gouache, smoke and fixative on creme cardboard. Laminated on canvas.
Signed and dated in lower right. 69 x 99 cm (27.1 x 38.9 in) , visible area.

PROVENANCE: Galleria Cadario, Milan (with label on stretcher).
Galerie Leu, Munich.
Private collection Germany (acquired from aforementioned ca. 1988, until 2015).
Private collection Northern Germany.

EXHIBITION: Galleria Cadario, Milan (2017; with label on stretcher).

"The eye is more important than the hand for the creation of my smoke pictures [..]. I try to attain a space of silence with a minimal physical effort and without any drama whatsoever. A space that is perceptible in insitent manner and that invites to linger."
Otto Piene, quote from: Mack, Piene, Uecker, ex. cat. Kestner-Gesellschaft Hanover, 1965, pp. 107 and 110.

867
Otto Piene
Ohne Titel (Rauchbild - Stella di Mare Rossa), 1963.
Mixed media
Post auction sale: € 25,000 / $ 30,000
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Otto Piene - Ohne Titel (Rauchbild - Stella di Mare Rossa) - Frame image
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Buyer's premium, taxation and resale right apportionment for Otto Piene "Ohne Titel (Rauchbild - Stella di Mare Rossa)"
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 - lots sold by Ketterer Kunst