Sale: 548 / Contemporary Art Day Sale, Dec. 08. 2023 in Munich Lot 160

 

160
Rupprecht Geiger
506/68, 1968.
Acrylic on canvas
Estimate:
€ 50,000 - 70,000

 
$ 52,500 - 73,500

+
506/68. 1968.
Acrylic on canvas.
Signed on the reverse. 120 x 110 cm (47.2 x 43.3 in). [AW].

• Geiger elevates the circle to a meditative color space.
• The reduction and concentration of color and form reached its peak in the late 1960s.
• Particularly luminous work from this central creative phase.
• Rupprecht Geiger's paintings are in numerous important collections like the Nationalgalerie Berlin, the Museum Folkwang, Essen, and the Lenbachhaus in Munich
.

PROVENANCE: Private collection Isernhagen (since 1968).
Private collection Southern Germany (gifted from the above in 2011).

LITERATURE: Pia Dornacher/Julia Geiger, Rupprecht Geiger. Catalogue raisonné 1942-2002. Gemälde und Objekte, architekturbezogene Kunst, Munich 2003, no. 481 (color illu.).

Called up: December 8, 2023 - ca. 14.20 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Rupprecht Geiger "506/68"
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.