Sale: 503 / Post War / Contemporary Art II, July 17. 2020 in Munich Lot 96

 
96
Otto Piene
Echo (Jupiter) II, 2002/03.
Oil, fire and smoke on canvas
Estimate:
€ 40,000 - 60,000

 
$ 45,600 - 68,400

+
Lot description
Echo (Jupiter) II. 2002/03.
Oil, fire and smoke on canvas.
Verso signed, dated "03" and titled. Once more signed, dated "02" and titled on stretcher. 100 x 140 cm (39.3 x 55.1 in). [SM].

• Work in intensive colors from the artist‘s late period of creation
• Large-size work with a strong and vivid presence
.

PROVENANCE: Walter Storms Galerie, Munich.

"The picture is a force field, arena of the author's energies, molten, poured in the motion of color, received from the universe's infinity, guided into the capuillaries of the observer's soul."
Otto Piene, quote from: Kritisches Lexikon der Gegenwartskunst, p. 2.

Called up: July 17, 2020 - ca. 14.35 h +/- 20 min.

Essay
Otto Piene, the great "ZERO" visionary, left behind a distinguished late body of work, which is also represented at the Kunstmuseum in Celle. Our work "Echo (Jupiter) II" was also made during this mature period. Emerging from the primal element fire, it shows the importance of the sky in Piene‘s creation: Firmament and space, both in constant motion and change, abound with energy and elementary force, are models of his art. Accordingly, our work also has a circular burn in the middle that seems like a celestial body. Shooting like the burning tail of a comet, the structure is about to collide, in a state of transition between two energetic levels.A strong red and a dynamic yellow underline the explosive force of this composition. Piene‘s famous fire technique once more leads to an ever new and fascinating figuration in this work. Borne by the transformative energy of fire, color and controlled coincidence, the artist created a work that is characterized by concentrated power and poetic beauty – elemental in the truest sense of the word.
 


Buyer's premium, taxation and resale right apportionment for Otto Piene "Echo (Jupiter) II"
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer prices up to € 500,000: 32 % buyer's premium
Hammer prices above € 500,000: for the share up to € 500,000: 32%, for the share above € 500,000: 27% buyer's premium
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer prices up to € 500,000: 25 % buyer's premium plus statutory sales tax Hammer prices above € 500,000: for the share up to € 500,000: 25%, for the share above € 500.000: 20% buyer's premium, each plus statutory sales tax

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Resale right apportionment:
Objects made by artists who have not died at least 70 years ago are subject to a resale right apportionment of 2.4% including statutory sales tax.