Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 129

 

129
Rainer Fetting
Zwei Figuren, 1982.
Oil on canvas
Estimate:
€ 40,000 - 60,000

 
$ 42,800 - 64,200

+
Zwei Figuren. 1982.
Oil on canvas.
Signed, dated, titled and inscribed "weiß grün" on the reverse. 220 x 161 cm (86.6 x 63.3 in). [AW].

• Expressive example of the dominant role man plays in Fettings work.
• Masterfully reduced style with a highly expressive effect.
• Paintings from the early 1980s are among his most sought-after works.
• Other works by Rainer Fetting from the 1980s can be found at, among others, the Tate Gallery, London, the Städel Museum, Frankfurt am Main, and the Pinakothek der Moderne, Munich
.

The authenticity of the present work has been confirmed by the artist and bears the work number "C/40". We are grateful for the kind support in cataloging this lot.

PROVENANCE: Galleri Dobloug, Oslo.
Private collection (acquired from the above in 1987).
Private collection Southern Germany (acquired from the above in 2012).

LITERATURE: Sotheby's, London, 12021st auction, February 16, 2012, lot 305 (illu. in color on p. 254).

Called up: June 7, 2024 - ca. 14.10 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Rainer Fetting "Zwei Figuren"
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.