Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 373

 

373
Andy Warhol
Goethe, 1982.
Pencil drawing
Estimate:
€ 40,000 - 60,000

 
$ 44,000 - 66,000

+
Goethe. 1982.
Pencil drawing.
With the estate stamp and the handwritten number “115.145”, as well as with the handwritten inscription “VF” on the reverse. On firm paper (with watermark "HMP"). 75.5 x 102.5 cm (29.7 x 40.3 in), size of sheet.
From June 9 to October 6 this year, a major exhibition at the Neue Nationalgalerie in Berlin celebrated Warhol's Pop Art portraits. [CH].

• The star of American Pop Art portrays an icon of world literature.
• His portraits of celebrities are among Andy Warhol's most famous works.
• Warhol based the present portrait on J. H. W. Tischbein's 1787 painting on display at the Städel Museum. He became acquainted with the painting on a visit to Frankfurt in 1980.
• Warhol rendered the motif with clear, bold lines in an almost life-size drawing.
• Intentional rather than spontaneous: The drawing does not have the fleeting quality of a swiftly jotted sketch. Instead, it results from an intensive examination of Warhol's artistic ideas.
• He would later work with the motif in large-format depictions on canvas and a famous series of serigraphs.
• In 2019, the New York Academy of Art presented an exhibition of his drawings entitled “Andy Warhol: By Hand,” which drew increased attention to the medium
.

PROVENANCE: From the artist's estate (with estate stamp on the reverse).
Private collection, Germany.
Acquired from the above by the current owner.

LITERATURE: Jörg Schellmann (ed.), Andy Warhol. Unique, Munich 2014, p. 64 (illustrated).

Called up: December 7, 2024 - ca. 17.22 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Andy Warhol "Goethe"
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.