Sale: 529 / Post War / Contemporary Art, June 10. 2022 in Munich Lot 249

 

249
Bernard Schultze
Wuchernde Migof-Anatomie, 1973.
Oil (Grisaille) on canvas
Post auction sale: € 5,400 / $ 5,616
+
Wuchernde Migof-Anatomie. 1973.
Oil (Grisaille) on canvas.
Herrmann 73/ 17. Lower right signed and dated. Verso once more dated and titled. 80 x 100 cm (31.4 x 39.3 in).
[SM].
• Bernard Schultze sees his fantastic color clusters artistic beings that he calls "Migofs".
• His concept of abstraction leads to a highly associative spatiality with an amazing depth effect.
• Bernard Schultze is regarded one of the protagonists of gestural-abstract painting in Europe and a key protagonist of German Informalism
.

PROVENANCE: Private collection Hesse.

LITERATURE: Lempertz, Cologne, 1997, 749th auction, lot 481.
Lempertz, Cologne, 2007, 900th auction, lot 399.




249
Bernard Schultze
Wuchernde Migof-Anatomie, 1973.
Oil (Grisaille) on canvas
Post auction sale: € 5,400 / $ 5,616
+

 

Buyer's premium, taxation and resale right compensation for Bernard Schultze "Wuchernde Migof-Anatomie"
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.