Sale: 519 / Post War / Cont. Art II, June 18. 2021 in Munich Lot 121000392

 
121000392
Subodh Gupta
Untitled, 2007.
Oil and enamel on canvas
Estimate:
€ 60,000 - 80,000

 
$ 70,200 - 93,600

+
Lot description
Untitled. 2007.
Oil and enamel on canvas.
167 x 228 cm (65.7 x 89.7 in).
In his large-size paintings the artist depicts deatils of found objects, "objet trouvés", which play a big role in his creation.

PROVENANCE: Jack Shainman Gallery, New York, 2008
Private Collection, UK, acquired from the above.

EXHIBITION: Walsall, UK, The New Art Gallery Walsall, “Re-Imagining Asia,” February 13 - May 3, 2009.

121000392
Subodh Gupta
Untitled, 2007.
Oil and enamel on canvas
Estimate:
€ 60,000 - 80,000

 
$ 70,200 - 93,600

+
 


Buyer's premium, taxation and resale right apportionment for Subodh Gupta "Untitled"
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.