Sale: 534 / Contemporary Art Day Sale, Dec. 09. 2022 in Munich Lot 185

 

185
Isa Genzken
Weltempfänger, 1987.
Telescope antenna cast concrete
Estimate:
€ 25,000 - 35,000

 
$ 25,000 - 35,000

+
Weltempfänger. 1987.
Telescope antenna cast concrete.
Signed and dated on the underside. With antenna: 45.5 x 20 x 6.5 cm (17.9 x 7.8 x 2.5 in).
[AR].
• Telescope antenna in cast concrete: With a bold material mix, Isa Genzken creates new contexts of high topicality.
• Her "Weltempfänger" count among her most sought-after works on the international auction market and regularly realize top prices (source: artprice.com).
• She is considered one of the most important and most influential living artists.
• Several participations in the documenta in Kassel (1982, 1992, 2002) and the Venice Biennial (2007, 2015)
.

The work will be included into the forthcoming catalog raisonnée. We are grateful to Galerie Buchholz, Cologne, for the kind support in cataloging this lot.

PROVENANCE: Private collection North Rhine-Westphalia.

LITERATURE: Kunsthaus Lempertz, Cologne, auction 737, December 6, 1996, lot 204.

"Her sculptures and assemblages are characterized by a radical presence."
Monopol Magazin, December 5, 2017. Online: https://www.monopol-magazin.de/neues-werkverzeichnis-zu-isa-genzken

Called up: December 9, 2022 - ca. 15.23 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Isa Genzken "Weltempfänger"
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.