Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 334

 

334
Sam Francis
From Tokyo #4, 1971.
Acrylic on paper
Estimate:
€ 20,000 - 30,000

 
$ 21,800 - 32,700

+
From Tokyo #4. 1971.
Acrylic on paper.
Signed on the reverse of the frame backing. On Arches wove paper (with watermark and blindstamp “VÉRITABLE PAPIER D'ARCHES FIN”. 56.5 x 76.5 cm (22.2 x 30.1 in), the full sheet. [EH].

• Sam Francis is one of the most prominent representatives of Action Painting.
• Painted in Tokyo, Japan, where art and culture were a significant influence on the artist's work.
• Typical of the early 1970s, the colors are concentrated into beam-like structures.
• Privately owned since 1973, this is the first time it is offered on the auction market
.

The work is registered at the Sam Francis Foundation, Glendale/California, under the numbers “SF70-139;SF71-039” and is listed in the online catalogue raisonné.

PROVENANCE: Andre Emmerich Gallery, Zurich (with a label on the reverse of the frame backing)
Private collection, Southern Germany (acquired from the above in 1973, family-owned ever since).

EXHIBITION: Sam Francis. New Paintings, André Emmerich Gallery, New York, October 27 - November 14, 1973.

Called up: December 7, 2024 - ca. 16.30 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Sam Francis "From Tokyo #4"
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.