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183
Isa Genzken
Weltempfänger "Aachenerstraße", 1992.
Telescopic antenna and iron wire in cast concrete
Estimate:
€ 35,000 - 45,000
$ 37,450 - 48,150
Weltempfänger "Aachenerstraße". 1992.
Telescopic antenna and iron wire in cast concrete.
Signed, dated and inscribed "Aachenerstraße" on the underside. Concrete: 34.5 x 30.5 x 10 cm (13.5 x 12 x 3.9 in).
Total dimensions vary with the extension of the antena. [AR].
• Communication frozen in concrete: Isa Genzken robs the historical world receiver of its function and simultaneously elevates it to an art object.
• A unique sculpture from one of the German artist's most sought-after groups of works.
• Last year, the art magazine Monopol crowned Isa Genzken the most influential personality in the art world in 2023.
The work will be included into the forthcoming catalogue raisonné. We are grateful to Galerie Buchholz, Cologne, for the kind support in cataloging this lot.
PROVENANCE: Private collection North Rhine-Westphalia (obtained from family possession).
Called up: June 7, 2024 - ca. 15.23 h +/- 20 min.
Telescopic antenna and iron wire in cast concrete.
Signed, dated and inscribed "Aachenerstraße" on the underside. Concrete: 34.5 x 30.5 x 10 cm (13.5 x 12 x 3.9 in).
Total dimensions vary with the extension of the antena. [AR].
• Communication frozen in concrete: Isa Genzken robs the historical world receiver of its function and simultaneously elevates it to an art object.
• A unique sculpture from one of the German artist's most sought-after groups of works.
• Last year, the art magazine Monopol crowned Isa Genzken the most influential personality in the art world in 2023.
The work will be included into the forthcoming catalogue raisonné. We are grateful to Galerie Buchholz, Cologne, for the kind support in cataloging this lot.
PROVENANCE: Private collection North Rhine-Westphalia (obtained from family possession).
Called up: June 7, 2024 - ca. 15.23 h +/- 20 min.
183
Isa Genzken
Weltempfänger "Aachenerstraße", 1992.
Telescopic antenna and iron wire in cast concrete
Estimate:
€ 35,000 - 45,000
$ 37,450 - 48,150
Buyer's premium, taxation and resale right compensation for Isa Genzken "Weltempfänger "Aachenerstraße""
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.
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.