Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 347

 

347
Mimmo Paladino
Senza titolo, 1985.
Mixed media. Oil and cardboard collage on cardb...
Estimate:
€ 20,000 - 30,000

 
$ 22,000 - 33,000

+
Senza titolo. 1985.
Mixed media. Oil and cardboard collage on cardboard, laid on wood.
Signed and dated on the reverse. 72.5 x 102.5 cm (28.5 x 40.3 in). [AW].

• Palladino creates pictorial parallel worlds full of symbolic encryptions and alienations.
• In this vibrant work, he explores flora and fauna in a both enigmatic and fascinating fashion.
• The use of tactile materials opens up a dialog between reality and dream.
• Palladino is an important representative of the Italian Transavanguardia of the 1970s
.

PROVENANCE: Galerie Delta, Rotterdam (with two labels on the rear of the frame).
Private collection, Hesse.

Called up: December 7, 2024 - ca. 16.47 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Mimmo Paladino "Senza titolo"
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.