Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 345

 

345
Günther Förg
Ika und Spiegel, 1988/90.
Photography and mirror, each in the original wo...
Post auction sale: € 25,000 / $ 27,500
+
Ika und Spiegel. 1988/90.
Photography and mirror, each in the original wooden frame.
Inscribed with the work number "253/90" on the reverse of the photograph's frame. Each: 280 x 130 cm (110.2 x 51.1 in), incl. the original frame. [KA].


• An unusual and dynamic combination of photography and installation.
• A master of interdisciplinary art: Förg's oeuvre encompasses modern art, Art Informel, minimalism and abstract expressionism.
• Günther Förg's works are in numerous important international collections, such as the Museum of Modern Art, New York, the Städel Museum, Frankfurt am Main, the Stedelijk Museum, Amsterdam, and the San Francisco Museum of Art
.

We are grateful to Mr. Michael Neff of the Günther Förg estate for kindly confirming this work's authenticity. The work is registered in the Günther Förg estate archive under the number WVF.90.F.0660.

PROVENANCE: Achenbach Art Consulting, Düsseldorf.
Private collection North Rhine-Westphalia (acquired from the above in 1992).




345
Günther Förg
Ika und Spiegel, 1988/90.
Photography and mirror, each in the original wo...
Post auction sale: € 25,000 / $ 27,500
+

 

Buyer's premium, taxation and resale right compensation for Günther Förg "Ika und Spiegel"
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.