Sale: 519 / Post War / Cont. Art II, June 19. 2021 in Munich Lot 121000391

 
121000391
Subodh Gupta
There Is Always Cinema (IV), 2-tlg, 2008.
Two doors ofWood and brass
Estimate:
€ 60,000 - 80,000

 
$ 70,200 - 93,600

+
Lot description
There Is Always Cinema (IV), 2-tlg. 2008.
Two doors ofWood and brass.
Each around: 177 x 70 cm (69.6 x 27.5 in).
In the series "There Is Always Cinema" the artist works with found objects, so called objet trouvés. Gupta makes exact copies of these original objects, among others in brass or stainless steel.

PROVENANCE: Galleria Continua, San Gimignano.
Private collection Great Britain (acquired from aforementioned in 2008).

EXHIBITION: Subodh Gupta. There Is Always Cinema, Galleria Continua, San Gimignano, May 17 - September 6, 2008.

121000391
Subodh Gupta
There Is Always Cinema (IV), 2-tlg, 2008.
Two doors ofWood and brass
Estimate:
€ 60,000 - 80,000

 
$ 70,200 - 93,600

+
 


Buyer's premium, taxation and resale right apportionment for Subodh Gupta "There Is Always Cinema (IV), 2-tlg"
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.