Sale: 534 / Contemporary Art Day Sale, Dec. 09. 2022 in Munich Lot 134

 

134
Stephan Balkenhol
Mann mit Turm (Toronto), 2015.
Bronze, with colors
Estimate:
€ 15,000 - 20,000

 
$ 15,000 - 20,000

+
Mann mit Turm (Toronto). 2015.
Bronze, with colors.
Underside of the plinth with name, date and number. One of 30 copies. Incl. plinth: 76.8 x 29 x 27 cm (30.2 x 11.4 x 10.6 in).
[AM].
• This is the first time that a copy of "Mann mit Turm (Toronto)“ is offered on the international auction market (source: artprice.com).
• Stephan Balkenhol's sculptures have an unparalleled recognition value.
• Balkenhol was the leading mind behind the revival of figurative sculpting in the early 1980s
.

PROVENANCE: Galerie Löhrl, Mönchengladbach.
Private collection Baden-Württemberg.

Called up: December 9, 2022 - ca. 14.15 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Stephan Balkenhol "Mann mit Turm (Toronto)"
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.