Sale: 524 / Post War / Contemporary Art II, Dec. 10. 2021 in Munich Lot 106

 

106
Bernard Schultze
Fumeux, 1955.
Oil on fibreboard
Post auction sale: € 12,000 / $ 13,560
+
Fumeux. 1955.
Oil on fibreboard.
Herrmann 55/23. Bottom left signed and dated. Signed, dated and titled on the reverse. 54 x 65.1 cm (21.2 x 25.6 in).
[AM].
• Together with, among others, Karl Otto Götz, Bernard Schultze was co-founder of the Frankurt artist group "Quadriga" in 1952 .
• He is considered one of the most important representatives of German Informalism.
• In 1959, 1964 and 1977 he participated in documenta II, III and 6 in Kassel.
• Schultze's works are in important collections like Tate Gallery, London, Folkwang Museums, Essen, and Museum Ludwig, Cologne
.

PROVENANCE: Galerie Daniel Cordier, Paris.

LITERATURE: Stephan Diederich, Barbara Herrmann, Bernard Schultze. Volume II. Verzeichnis der Werke 1939 bis 1989, Cologne/Munich 2015, p. 267, no. 55/23 (no illu.).




 

Buyer's premium, taxation and resale right apportionment for Bernard Schultze "Fumeux"
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer price up to 500,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 500,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 500,000 €.
The share of the hammer price exceeding 2,500,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 2,500,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 500,000 €: herefrom 25 % premium.
The share of the hammer price exceeding 500,000 € is subject to a premium of 20% and is added to the premium of the share of the hammer price up to 500,000 €.
The share of the hammer price exceeding 2,500,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 2,500,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Resale right apportionment:
In accordance with §26 of German Copyright Act, a droit de suite charge of 2.4% including VAT is levied for original artworks and photographs for the compensation of the statutory right of resale.