Sale: 519 / Post War / Cont. Art II, June 18. 2021 in Munich Lot 121000373

 
121000373
John Michael Armleder
Latrodectus Mactans, 2005.
Acrylic on canvas
Estimate:
€ 20,000 - 30,000

 
$ 23,400 - 35,100

+
Lot description
Latrodectus Mactans. 2005.
Acrylic on canvas.
300 x 180 cm (118.1 x 70.8 in).
The title "Latrodectus Mactans" is the Latin term for the venomous species black widow.

PROVENANCE: Massimo de Carlo, Milan.
Private collection Great Britain (acquired from aforementioned).

EXHIBITION: The Frank Cohen Collection, Shrewsbury Museum & Art Gallery, Shrewsbury (Great Britain), March 20 -June 30, 2014.

 


Buyer's premium, taxation and resale right apportionment for John Michael Armleder "Latrodectus Mactans"
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.