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130
Katharina Fritsch
Gelbes Ei, 2022.
Mixed media. Plastic, acrylic paint and metal
Post auction sale: € 10,000 / $ 11,700
130
Katharina Fritsch
Gelbes Ei, 2022.
Mixed media. Plastic, acrylic paint and metal
Post auction sale: € 10,000 / $ 11,700
Katharina Fritsch
1956
Gelbes Ei. 2022.
Mixed media. Plastic, acrylic paint and metal.
From an edition of 16 copies. Height: 22 cm (8.6 in).
Published by Folkwang-Museumsverein, Essen, on the ocvcassion of the anniversary "100 Jahre Museum Folkwang in Essen". [KA].
• Bold, pop-inspired, humorous: Katharina Fritsch creates a striking, minimalist universe of symbols.
• The “Yellow Egg” exemplifies Fritsch’s reduced yet powerful formal language.
• In the year this work was created, Katharina Fritsch was awarded the Golden Lion for her lifetime achievement at the Venice Biennale.
• Other works by the artist are in major collections, including the Museum of Modern Art, New York, the Walker Art Center, Minneapolis, and the Centre Pompidou, Paris.
PROVENANCE: Folkwang Museumsverein, Essen.
Olbricht Collection, Essen/Berlin (acquired from the above.
1956
Gelbes Ei. 2022.
Mixed media. Plastic, acrylic paint and metal.
From an edition of 16 copies. Height: 22 cm (8.6 in).
Published by Folkwang-Museumsverein, Essen, on the ocvcassion of the anniversary "100 Jahre Museum Folkwang in Essen". [KA].
• Bold, pop-inspired, humorous: Katharina Fritsch creates a striking, minimalist universe of symbols.
• The “Yellow Egg” exemplifies Fritsch’s reduced yet powerful formal language.
• In the year this work was created, Katharina Fritsch was awarded the Golden Lion for her lifetime achievement at the Venice Biennale.
• Other works by the artist are in major collections, including the Museum of Modern Art, New York, the Walker Art Center, Minneapolis, and the Centre Pompidou, Paris.
PROVENANCE: Folkwang Museumsverein, Essen.
Olbricht Collection, Essen/Berlin (acquired from the above.
Buyer's premium, taxation and resale right compensation for Katharina Fritsch "Gelbes Ei"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.
Differential taxation:
Hammer price up to 2,000,000 €: herefrom 34 % premium.
The share of the hammer price exceeding 2,000,000 € is subject to a premium of 29 % and is added to the premium of the share of the hammer price up to 2,000,000 €.
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 2,000,000 €: herefrom 29 % premium.
The share of the hammer price exceeding 2,000,000 € is subject to a premium of 23% and is added to the premium of the share of the hammer price up to 2,000,000 €.
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.
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 2,000,000 €: herefrom 34 % premium.
The share of the hammer price exceeding 2,000,000 € is subject to a premium of 29 % and is added to the premium of the share of the hammer price up to 2,000,000 €.
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 2,000,000 €: herefrom 29 % premium.
The share of the hammer price exceeding 2,000,000 € is subject to a premium of 23% and is added to the premium of the share of the hammer price up to 2,000,000 €.
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.
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.
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