Sale: 529 / Post War / Contemporary Art, June 10. 2022 in Munich Lot 247

 

247
Bernard Schultze
Profil des Herrn Flüsterzunge, 2003.
Oil on canvas
Post auction sale: € 8,100 / $ 8,424
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Profil des Herrn Flüsterzunge. 2003.
Oil on canvas.
Diederich/Herrmann 03/38. Monogrammed and dated in right of bottom center. Verso signed, dated and titled. 180 x 150 cm (70.8 x 59 in).
The work is mentioned on the artist's hand-written work list. [AM].
• Schultze's idea of abstraction has a highly associative spatiality with a compelling depth effect.
• The artist is one of the most famous representatives of German Informalism.
• In 1959, 1964 and 1977 he participated in documenta II, III and 6 in Kassel
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PROVENANCE: Private collection North Rhine-Westphalia.

EXHIBITION: Bernard Schultze: Malerei, Zeichnung, Plastik, Graphik, Krefelder Kunstverein, Krefeld, October 12 - November 14, 2003.
Bernard Schultze: Späte Arbeiten. Gemälde, Aquarelle, Zeichnungen. Ausstellung zur Eröffnung des Jubiläumsjahres "50 Jahre Kunstverein in Leverkusen", Kunstverein Museum Schloss Morsbroich e.V., Leverkusen, January 14 - March 7, 2004 (with color illu. on p. 19 and a color illu. on the catalog [detail]).




 

Buyer's premium, taxation and resale right compensation for Bernard Schultze "Profil des Herrn Flüsterzunge"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

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.

Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.

The artist‘s resale right compensation is VAT-exempt.