Sale: 524 / Post War / Contemporary Art II, Dec. 10. 2021 in Munich Lot 94

 

94
Shusaku Arakawa
A cracking point, 1969.
Oil on canvas
Estimate:
€ 25,000 - 35,000

 
$ 29,000 - 40,600

+
A cracking point. 1969.
Oil on canvas.
Signed, dated and titled in bottom right and on the reverse. 124.5 x 183 cm (49 x 72 in).
[AR].
• Schematic, strongly reduced work from the 1960s.
• Characteristic work from his creative period before he became active as architect
• Through Arakawa's demand to transform forms to colors observation becomes an interactive endeavor
• In 2019 the renowned Gagosian Gallery in New York showed a solo show with similar works from 1965 to 1984
• His works are in possession of acclaimed international collections like the Museum of Modern Art, New York, or the Centre Pompidou, Paris
.

PROVENANCE: Galerie Alfred Schmela, Düsseldorf (with the label on the reverse)
Galerie Nothelfer, Berlin
Erker-Galerie, St. Gallen
Acquired from the present owner in 1988.

EXHIBITION: Kunstverein Hanover (with the label on the reverse).

Called up: December 10, 2021 - ca. 16.34 h +/- 20 min.




 

Buyer's premium, taxation and resale right apportionment for Shusaku Arakawa "A cracking point"
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 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.