Sale: 514 / Evening Sale, Dec. 11. 2020 in Munich Lot 257

 
257
Otto Piene
Auge, 1965.
Oil, fire and smoke on canvas
Estimate:
€ 80,000 - 120,000

 
$ 93,600 - 140,400

+
Lot description
Auge. 1965.
Oil, fire and smoke on canvas.
Verso signed and dated. Titled and with a direction arrow on the stretcher. 80 x 100 cm (31.4 x 39.3 in).

• This is the first time that the work is offered on the international auction market.
• From the important "ZERO" era.
• By 1965 "ZERO" had become an internationally acclaimed art movement.
• For the"ZERO" movement the eye was of symbolic significance as it is the most important sensory organ for the perception of light
.

PROVENANCE: Rudolf Springer Galerie, Berlin (with a label on the stretcher)
Private collection Rhineland.

EXHIBITION: Mack, Piene, Uecker, Kestner-Gesellschaft Hanover, May 7 - June 7, 1965, no. 120.

"For the creation of the smoke pictures the eye is far more important than the hand [.]. I hope to attain a silent space through minimal physical effort and far from any sort of drama. A space that becomes so strongly perceptible that it invites you to stay." (Otto Piene, quote after: Mack, Piene, Uecker, ex. cat. Kestner-Gesellschaft Hanover, 1965, pp. 107 and 110).

Called up: December 11, 2020 - ca. 18.39 h +/- 20 min.

 


Buyer's premium, taxation and resale right apportionment for Otto Piene "Auge"
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.