Lot 201 
Raumbeispiel
201
David Reed
#501, 2001-2003.
Oil and alkyd on canvas
Estimate:
€ 30,000 - 40,000
$ 33,900 - 45,200
#501. 2001-2003.
Oil and alkyd on canvas.
Signed, dated and inscribed "501" on the reverse. 107 x 374 cm (42.1 x 147.2 in).
[AR].
• Striking horizontal format typical of David Reed.
• Bold brushstrokes against dazzling block colors are his trademark.
• One of the largest works by the American artist ever offered on the international auction market (source: artprice.com).
• Created over a period of several years, his works convey an understanding of time and motion, space and perception.
• Other works can be found in international museum collections, such as “#232” in the Metropolitan Museum, New York, “#348” in mumok, Vienna, or “#509” in the Centre Georges Pompidou, Paris.
• David Reed is represented by the Gagosian Gallery, which most recently presented his latest work in New York in 2020 and in Basel in 2022.
PROVENANCE: Galerie Rolf Ricke, Cologne.
South German Corporate Collection .
"I try to make a new discovery in each painting.
I think that’s something painting can provide.
I never want to repeat myself."
David Reed in conversation with Katharina Grosse, Gagosian magazine, spring 2020, p. 54.
Called up: June 7, 2025 - ca. 16.14 h +/- 20 min.
Oil and alkyd on canvas.
Signed, dated and inscribed "501" on the reverse. 107 x 374 cm (42.1 x 147.2 in).
[AR].
• Striking horizontal format typical of David Reed.
• Bold brushstrokes against dazzling block colors are his trademark.
• One of the largest works by the American artist ever offered on the international auction market (source: artprice.com).
• Created over a period of several years, his works convey an understanding of time and motion, space and perception.
• Other works can be found in international museum collections, such as “#232” in the Metropolitan Museum, New York, “#348” in mumok, Vienna, or “#509” in the Centre Georges Pompidou, Paris.
• David Reed is represented by the Gagosian Gallery, which most recently presented his latest work in New York in 2020 and in Basel in 2022.
PROVENANCE: Galerie Rolf Ricke, Cologne.
South German Corporate Collection .
"I try to make a new discovery in each painting.
I think that’s something painting can provide.
I never want to repeat myself."
David Reed in conversation with Katharina Grosse, Gagosian magazine, spring 2020, p. 54.
Called up: June 7, 2025 - ca. 16.14 h +/- 20 min.
201
David Reed
#501, 2001-2003.
Oil and alkyd on canvas
Estimate:
€ 30,000 - 40,000
$ 33,900 - 45,200
Buyer's premium, taxation and resale right compensation for David Reed "#501"
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 7 % is levied to the sum of hammer price and premium.
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.
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 7 % is levied to the sum of hammer price and premium.
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.
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