Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 158


158
A. R. Penck (d.i. Ralf Winkler)
Ende im Osten (Ostende), 1979.
Dispersion on canvas
Estimate:
€ 70,000 - 90,000

 
$ 74,900 - 96,300

+
Ende im Osten (Ostende). 1979.
Dispersion on canvas.
Lower right signed and inscribed. 132 x 178.5 cm (51.9 x 70.2 in).

• “Ende im Osten” was created one year before A. R. Penck was expatriated and forced to move to the West
• The symbolic signs spread across the painting's surface with extraordinary delicacy.
• The pictorial system that A. R. Penck devised is based on his extensive preoccupation with scientific themes.
• Penck exhibited at the documenta in Kassel in 1972, 1982 and 1992, and at the Venice Biennale in 1984
.

The work is registered in the archive of Galerie Werner, Berlin.

PROVENANCE: Galerie Michael Werner, Cologne (with two labels on the reverse)
Sabine Knust, Munich
Private collection Southern Germany (family-owned since 1981).

"Every picture is a kind of journey, and following the picture is more than just a drug"
A.R.Penck, documenta 6 catalog, vol. 1, p. 118

Called up: June 7, 2024 - ca. 14.50 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for A. R. Penck (d.i. Ralf Winkler) "Ende im Osten (Ostende)"
This lot can be purchased subject to differential 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.