Sale: 548 / Contemporary Art Day Sale, Dec. 08. 2023 in Munich Lot 114

 

114
Emil Schumacher
Blauer Akzent, 1956.
Oil on beige-brown cardboard
Estimate:
€ 40,000 - 60,000

 
$ 42,000 - 63,000

+
Blauer Akzent. 1956.
Oil on beige-brown cardboard.
Lower right signed and dated. 86 x 62 cm (33.8 x 24.4 in).
[AR].
• Early work from the sought-after 1950s.
• Deliberate irritation of the black lines through color and scracthes, typical of the time.
• From 1950 onwards, the artist abandoned the object as a motif and color became the actual pictorial element.
• Other works from this creative period can be found in important museum collections like the Metropolitan Museum of Art in New York and the Hamburger Kunsthalle
.

The work is listed in the archive of the Emil Schumacher Foundation, Hagen, compiled by Dr. Ulrich Schumacher, with the inventory number "0/226". We are grateful to Mr. Rouven Lotz, Director of the Emil Schumacher Museum, Hagen, for the kind support provided.

PROVENANCE: Private collection Hagen.
Private collection Southern Germany.

EXHIBITION: Struktur - Cimiotti und Zeitgenossen, Galerie Maulberger, München, July 19 - August 17, 2013, cat. no. 27 (here "Ohne Titel", color illu. p. 31).

Called up: December 8, 2023 - ca. 13.18 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Emil Schumacher "Blauer Akzent"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
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.