Sale: 548 / Contemporary Art Day Sale, Dec. 08. 2023 in Munich Lot 234

 

234
Gerhard Richter
Seven Two Four, 2008.
Cibachrome print
Estimate:
€ 30,000 - 40,000

 
$ 31,500 - 42,000

+
Seven Two Four. 2008.
Cibachrome print.
Butin 133b. Signed, numbered and with the edition label on the reverse. One of 32 copies. 73 x 100 cm (28.7 x 39.3 in).
Aftee the oil painting "Abstraktes Bild" from 1990, of which Gerhard Richter ttok a blurred photo. Originally mounted in the frame. [SM].

• Extremely rarely offered on the international auction market.
• From a small edition.
• After the oil painting "Abstraktes Bild" from 1990, of which Gerhard Richter took a blurred photo
.

PROVENANCE: Private collection Southern Germany.

Called up: December 8, 2023 - ca. 15.58 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Gerhard Richter "Seven Two Four"
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.