Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 159


159
Sigmar Polke
Goldhaar, 1999.
Mixed media. Acrylic, gouache and spray technique
Estimate:
€ 70,000 - 90,000

 
$ 74,900 - 96,300

+
Goldhaar. 1999.
Mixed media. Acrylic, gouache and spray technique.
Signed, dated, titled and inscribed with a personal dedication at the bottom. 99.8 x 70.3 cm (39.2 x 27.6 in), the full sheet. [EH].

• Polke broke with figuration, experimented with colors and techniques and found a completely new form of expression.
• A remarkable combination of luminous colors and an exciting composition.
• Sigmar Polke is one of the most important artists of the second half of the 20th century. His works are included in major international collections
.

PROVENANCE: Private collection Germany (directly from the artist).
Galerie Michael Werner, Cologne.
Private collection Portugal.
Private collection.
Acquired by the current owner from the above (Sotheby's 2014).

EXHIBITION: Sigmar Polke. Bilder und Zeichnungen 2011, Galerie Michael Werner, Cologne, September 9 - December 7, 2011.

LITERATURE: Sotheby's, New York, Contemporary Art, April 14, 2014, lot 241.

Called up: June 7, 2024 - ca. 14.51 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for Sigmar Polke "Goldhaar"
This lot can be subjected to differential taxation plus a 7% import tax levy (saving approx. 5 % compared to regular taxation) or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.

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

Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.

The artist‘s resale right compensation is VAT-exempt.