Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 149

 

149
Sigmar Polke
Ohne Titel, 1988.
Gouache
Estimate:
€ 30,000 - 50,000

 
$ 32,100 - 53,500

+
Ohne Titel. 1988.
Gouache.
Signed and dated in lower left. On Schoellers Parole wove paper (with blindstamp). 102 x 73 cm (40.1 x 28.7 in), the full sheet.
[AR].

• Large, highly abstract gouache from the seminal period of Sigmar Polke's artistic development in the 1980s.
• Breaking free from figuration, he experimented with colors and techniques and reached a completely new form of expression.
• The year the work was made, the Kunstmuseum Bonn showed a comprehensive solo exhibition of his works on paper.
• Two years before this work was created, his contribution to the German Pavilion at the 1986 Venice Biennale was awarded the Golden Lion
.

PROVENANCE: Galerie Tschudi, Glarus.
Private collection Belgium (acquired from the above in 1999).
Private collection London.

Called up: June 7, 2024 - ca. 14.38 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Sigmar Polke "Ohne Titel"
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.