Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 184


184
Tom Wesselmann
Study for Metal Compote and Fruit, 1985.
Liquitex-Acrylic and pencil on Bristol board
Estimate:
€ 25,000 - 35,000

 
$ 26,750 - 37,450

+
Study for Metal Compote and Fruit. 1985.
Liquitex-Acrylic and pencil on Bristol board.
Signed, dated, titled and inscribed by Claire Wesselmann on the reverse, as well as with the work number “D 85117”. 34.5 x 39.8 cm (13.5 x 15.6 in), size of sheet.
[SM].

• Offered on the international auction market for the first time (source: artprice.com).
• Classic subject in the famous graphic-linear style of American Pop Art.
• Alongside Andy Warhol, Roy Lichtenstein, Jasper Johns and Robert Rauschenberg, Wesselmann is one of the key protagonists of American Pop Art
.

The work is listed in the Wesselmann Studio Archive, New York.

PROVENANCE: Estate Tom Wesselmann, New York
Galerie Thomas, Munich (from the above, with the label on the frame cover).
Private collection (acquired directly from the above).
Private collection Rhineland-Palatinate (inherited from the above).

Called up: June 7, 2024 - ca. 15.24 h +/- 20 min.




184
Tom Wesselmann
Study for Metal Compote and Fruit, 1985.
Liquitex-Acrylic and pencil on Bristol board
Estimate:
€ 25,000 - 35,000

 
$ 26,750 - 37,450

+


Buyer's premium, taxation and resale right compensation for Tom Wesselmann "Study for Metal Compote and Fruit"
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.