Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 121

 

121
Rupprecht Geiger
OE 269a, 1955.
Oil on canvas
Post auction sale: € 50,000 / $ 52,500
+
OE 269a. 1955.
Oil on canvas.
Signed and inscribed "R" on the reverse, dated, titled and inscribed on the stretcher. 110 x 100 cm (43.3 x 39.3 in). [JS].

• Subtly modulated, early color field, the gentle oscillation between orange-red and blue hues makes it particularly fascinating.
• His works were exhibited in the Geiger retrospective at the Akademie der Künste, Berlin, in 1985 and in the Geiger exhibition at the Haus der Kunst, Munich, in 1988.
• Rupprecht Geiger's not only made the significant color modulations, but also shaped canvases that put him on a par with American contemporaries like Mark Rothko, Ellsworth Kelly and Barnett Newman.
• Geiger's paintings have been shown in a number of exhibitions in the USA since the 1950s, in 1959 the artist was awarded the Solomon Guggenheim Prize in New York.
• Geiger's color modulations can be found in many public collections, among them the Lenbachhaus, Munich, and the Städel Museum, Frankfurt am Main
.

PROVENANCE: Private collection Müllheim/Ruhr.
Galerie Holzwarth, Stuttgart.
Private collection (acquired from the above in 1991).

EXHIBITION: Deutscher Künstlerbund, 7th exhibition, Berlin 1957 (with the label on the stretcher).
Rupprecht Geiger. Retrospektive, Akademie der Künste, Berlin 1985 (with the shipping label on the stretcher).
ZEN 49, Die ersten zehn Jahre, Orientierung, Staatliche Kunsthalle, Baden-Baden 1986.
Rupprecht Geiger, Haus der Kunst, Munich 1988, p. 189, cat. no. 39 (illu.).

LITERATURE: \cf1 Rupprecht-Geiger-Gesellschaft, Städtische Galerie im Lenbachhaus, Munich (ed.), edited by Pia Dornacher and Julia Geiger, Rupprecht Geiger. Catalogue raisonné 1942-2002. Gemälde und Objekte, architekturbezogene Kunst, Munich 2003, p. 100, no. 229 (illu., there erroneously mentioned with the date "1958").




 

Buyer's premium, taxation and resale right compensation for Rupprecht Geiger "OE 269a"
This lot can only be purchased subject to regular taxation, artist‘s resale right compensation is due.

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.

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.