Lot 312 
312
Damien Hirst
Spin Painting, 2002.
Mixed media. Lacquer and screen printing on a c...
Post auction sale: € 20,000 / $ 23,200
Damien Hirst
1965
Spin Painting. 2002.
Mixed media. Lacquer and screen printing on a canvas portfolio. Unique object.
Typographically inscribed with the series title and signature in the center. 117.5 x 96 x 3.3 cm (46.2 x 37.7 x 1.2 in).
The work is registered in the Damien Hirst Archive under the number DHS 663,059 (L). The “Spin Painting” originally belongs to the portfolio “In a Spin, the Action of the World on Things,” published by Paragon Press in 2002. The portfolio was published in 68 copies, with an individual “Spin Painting” painted on the cover of each canvas portfolio. [KT].
• From the dynamic series “In a spin” - Hirst celebrates his view of life in circular, chaotic structures.
• Controlled chance: one of the most fascinating creative approaches in the history of painting.
• Hirst's works are in the most prestigious public and private collections of contemporary art, including the Tate Gallery, London, the Boros Collection, Berlin, and the Museum Brandhorst, Munich.
PROVENANCE: Private collection, northern Germany (acquired in 2003, Paragon Press, London).
1965
Spin Painting. 2002.
Mixed media. Lacquer and screen printing on a canvas portfolio. Unique object.
Typographically inscribed with the series title and signature in the center. 117.5 x 96 x 3.3 cm (46.2 x 37.7 x 1.2 in).
The work is registered in the Damien Hirst Archive under the number DHS 663,059 (L). The “Spin Painting” originally belongs to the portfolio “In a Spin, the Action of the World on Things,” published by Paragon Press in 2002. The portfolio was published in 68 copies, with an individual “Spin Painting” painted on the cover of each canvas portfolio. [KT].
• From the dynamic series “In a spin” - Hirst celebrates his view of life in circular, chaotic structures.
• Controlled chance: one of the most fascinating creative approaches in the history of painting.
• Hirst's works are in the most prestigious public and private collections of contemporary art, including the Tate Gallery, London, the Boros Collection, Berlin, and the Museum Brandhorst, Munich.
PROVENANCE: Private collection, northern Germany (acquired in 2003, Paragon Press, London).
312
Damien Hirst
Spin Painting, 2002.
Mixed media. Lacquer and screen printing on a c...
Post auction sale: € 20,000 / $ 23,200
Buyer's premium, taxation and resale right compensation for Damien Hirst "Spin Painting"
This lot can only be purchased subject to regular taxation, artist‘s resale right compensation is due.
Regular taxation:
Hammer price up to 1,000,000 €: herefrom 29 % premium.
The share of the hammer price exceeding 1,000,000 € is subject to a premium of 23% and is added to the premium of the share of the hammer price up to 1,000,000 €.
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 7 % is levied to the sum of hammer price and premium.
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.
Regular taxation:
Hammer price up to 1,000,000 €: herefrom 29 % premium.
The share of the hammer price exceeding 1,000,000 € is subject to a premium of 23% and is added to the premium of the share of the hammer price up to 1,000,000 €.
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 7 % is levied to the sum of hammer price and premium.
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.
Headquarters
Joseph-Wild-Str. 18
81829 Munich
Phone: +49 89 55 244-0
Fax: +49 89 55 244-177
info@kettererkunst.de
Louisa von Saucken / Undine Schleifer
Holstenwall 5
20355 Hamburg
Phone: +49 40 37 49 61-0
Fax: +49 40 37 49 61-66
infohamburg@kettererkunst.de
Dr. Simone Wiechers / Nane Schlage
Fasanenstr. 70
10719 Berlin
Phone: +49 30 88 67 53-63
Fax: +49 30 88 67 56-43
infoberlin@kettererkunst.de
Cordula Lichtenberg
Gertrudenstraße 24-28
50667 Cologne
Phone: +49 221 510 908-15
infokoeln@kettererkunst.de
Hessen
Rhineland-Palatinate
Miriam Heß
Phone: +49 62 21 58 80-038
Fax: +49 62 21 58 80-595
infoheidelberg@kettererkunst.de
We will inform you in time.