Sale: 548 / Contemporary Art Day Sale, Dec. 08. 2023 in Munich Lot 112

 

112
Rupprecht Geiger
Bild E IV (Zeit und Raum), 1953.
Egg tempera on panel
Estimate:
€ 40,000 - 60,000

 
$ 42,000 - 63,000

+
Bild E IV (Zeit und Raum). 1953.
Egg tempera on panel.
Signed, dated, titled and inscribed with the dimensions, "1981" and a direction arrow on the reverse. 61.5 x 53.5 cm (24.2 x 21 in) [AW].

• Expressive painting by the great German representative of Color Field Painting.
• This early color field is particularly captivating for its gentle oscillation between yellow, blue and white color values.
• For the first time offered on the international auction market (source: artprice.com).
• Paintings by Rupprecht Geiger can be found in numerous important collections, among them the Nationalgalerie Berlin, the Museum Folkwang, Essen, and the Lenbachhaus Munich
.

PROVENANCE: Galerie Otto Stangl, Munich.
Private collection Southern Germany (acquired from the above in 1981).

EXHIBITION: Rupprecht Geiger, Moderne Galerie Otto Stangl, Munich, June 19 -July 31, 1953.

LITERATURE: Pia Dornacher/Julia Geiger, Rupprecht Geiger. Catalogue raisonné 1942-2002. Gemälde und Objekte, architekturbezogene Kunst, Munich 2003, no. 126 (color illu.).

"Color, like light, is entitled to be classified as an element - fire, water, air, color, light and earth."

Rupprecht Geiger, quoted from: Jürgen Morschel, Künstler. Kritisches Lexikon der Gegenwartskunst, Munich 1988/92, p. 2.

Called up: December 8, 2023 - ca. 13.16 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Rupprecht Geiger "Bild E IV (Zeit und Raum)"
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.