Lot 114 
Raumbeispiel
114
Paul Thek
Untitled (Blue Seascape), 1970.
Gouache on newsprint, New York Times of May 29,...
Estimate:
€ 30,000 - 40,000
$ 32,100 - 42,800
Untitled (Blue Seascape). 1970.
Gouache on newsprint, New York Times of May 29, 1970.
37 x 57 cm (14.5 x 22.4 in).
[AR].
• “Newspaper Painting” by the legendary Artist's Artist Paul Thek.
• He began painting on newsprint in 1969 and continued until the 1980s.
• Most of these works were created in series or were part of larger installations.
• A light blue sky over a dark blue sea, often with swimmers or islands, is a typically idyllic motif from this group.
• The American artist's work was met with great acclaim, particularly in Europe, even at the time of its creation: he took part in the 4th documenta in 1968, in documenta 5 in 1972 and in the Biennale di Venezia in 1976.
• His works on newsprint are among the artist's most sought-after works on paper on the international art market (source: artprice.com).
PROVENANCE: Private collection.
Collection Switzerland.
Called up: June 7, 2024 - ca. 13.50 h +/- 20 min.
Gouache on newsprint, New York Times of May 29, 1970.
37 x 57 cm (14.5 x 22.4 in).
[AR].
• “Newspaper Painting” by the legendary Artist's Artist Paul Thek.
• He began painting on newsprint in 1969 and continued until the 1980s.
• Most of these works were created in series or were part of larger installations.
• A light blue sky over a dark blue sea, often with swimmers or islands, is a typically idyllic motif from this group.
• The American artist's work was met with great acclaim, particularly in Europe, even at the time of its creation: he took part in the 4th documenta in 1968, in documenta 5 in 1972 and in the Biennale di Venezia in 1976.
• His works on newsprint are among the artist's most sought-after works on paper on the international art market (source: artprice.com).
PROVENANCE: Private collection.
Collection Switzerland.
Called up: June 7, 2024 - ca. 13.50 h +/- 20 min.
114
Paul Thek
Untitled (Blue Seascape), 1970.
Gouache on newsprint, New York Times of May 29,...
Estimate:
€ 30,000 - 40,000
$ 32,100 - 42,800
Buyer's premium, taxation and resale right compensation for Paul Thek "Untitled (Blue Seascape)"
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.
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.