Sale: 519 / Post War / Cont. Art II, June 18. 2021 in Munich Lot 121000407

 
121000407
Yang Shaobin
DNA, 2006.
Oil on canvas
Estimate:
€ 20,000 - 30,000

 
$ 23,400 - 35,100

+
Lot description
DNA. 2006.
Oil on canvas.
260 x 450 cm (102.3 x 177.1 in).

PROVENANCE: Arario Gallery, Korea, 2006
Private Collection, UK, acquired from the above.

 


Buyer's premium, taxation and resale right apportionment for Yang Shaobin "DNA"
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.