Sale: 519 / Post War / Cont. Art II, June 19. 2021 in Munich Lot 664

 
664
Sudarshan Shetty
Untitled, 2007.
Oil on canvas
Estimate:
€ 10,000 - 15,000

 
$ 12,000 - 18,000

+
Lot description
Untitled. 2007.
Oil on canvas.
122 x 183 cm (48 x 72 in).

PROVENANCE: GALLERYSKE
Private Collection, UK, acquired from the above.

EXHIBITION: London, Royal Academy of Arts, "Dark Materials," December 13 - January, 2009.

Called up: June 19, 2021 - ca. 19.45 h +/- 20 min.

 


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Buyer's premium, taxation and resale right apportionment for Sudarshan Shetty "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.