Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 211

 

211
Callum Innes
Untitled Lamp Black No. 2, 2013.
Oil on canvas
Post auction sale: € 18,000 / $ 19,440
+
Untitled Lamp Black No. 2. 2013.
Oil on canvas.
Signed, monogrammed, dated, inscribed "CI 32 13" and with the dimensions and a direction arrow on the reverse, as well as once more signed and typographically signed and dated on a label. 82 x 80 cm (32.2 x 31.4 in). [AW].

• Innes plays with the process of addition and subtraction, creation and decay.
• Innes is represented by the renowned Sean Kelly Gallery, New York, alongside big names such as Marina Abramovic, Robert Mapplethorpe and Candida Höfer.
• Works by the Scottish artist can be found in prestigious museums around the world, including The Tate, London, the Solomon R. Guggenheim Museum, New York, The National Gallery of Australia, Canberra, and the Centre Georges Pompidou, Paris
.

PROVENANCE: Sean Kelly Gallery, New York (with the gallery label on the reverse).
Private collection North Rhine-Westphalia.




211
Callum Innes
Untitled Lamp Black No. 2, 2013.
Oil on canvas
Post auction sale: € 18,000 / $ 19,440
+

 

Buyer's premium, taxation and resale right compensation for Callum Innes "Untitled Lamp Black No. 2"
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.