Sale: 514 / Evening Sale, Dec. 11. 2020 in Munich Lot 276

 
276
Thomas Struth
Hermitage 5, St. Petersburg, 2005.
Cibachrome print
Estimate:
€ 50,000 - 70,000

 
$ 58,500 - 81,900

+
Lot description
Hermitage 5, St. Petersburg. 2005.
Cibachrome print.
Verso signed, dated, titled and inscribed. From an edition of 10 copies. 116 x 145 cm (45.6 x 57 in).

• One of the rare works from the 'Hermitage' series offered on the auction market.
• In the 1980s Struth started his famous series of the "Museum Photographs“.
• Next to Thomas Ruff and Andreas Gursky, Struth is a main representative of the Düsseldorf Photo School
.

PROVENANCE: Galleria Monica de Cardenas, Milan (verso with the gallery label).
Private collection Liechtenstein (acquired from aforementioned in 2007).

"I sometimes wish I was the painting that looks into the audience's faces."
Thomas Struth (quote from Monopol, August 16, 2010)

Called up: December 11, 2020 - ca. 19.11 h +/- 20 min.

 


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Buyer's premium, taxation and resale right apportionment for Thomas Struth "Hermitage 5, St. Petersburg"
This lot can be subjected to differential taxation plus a 7% import tax levy (saving approx. 5 % compared to regular taxation) 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.