Sale: 591 / Day Sale, June 07. 2025 in Munich button next Lot 250

 

250
Jeppe Hein
Mirror Balloons III, 2015.
Mixed media. Fiber-reinforced plastic, chrome p...
Estimate:
€ 30,000 - 40,000

 
$ 33,900 - 45,200

+
Mirror Balloons III. 2015.
Mixed media. Fiber-reinforced plastic, chrome paint, magnet and tape (cardinal red, light blue and olive green).
Unique object. Dimensions without the tape, each ca. 40 x 26 x 26 cm (15.7 x 10.2 x 10.2 in).
[AR].

• Master of illusion and deception: With his often humorous works, Jeppe Hein moves between minimalist sculpture and conceptual art.
• His installation “All Your Wishes,” comprising a total of 70 of his colorful balloons, opened at LaGuardia Airport in New York City in 2020.
• The artist's works can be found in international museum collections such as the Centre Pompidou in Paris, the Museum of Contemporary Art in Los Angeles, and the Lenbachhaus in Munich
.

We are grateful to the Jeppe Hein Studio, Berlin, for the kind support.

PROVENANCE: König Galerie, Berlin.
Private collection, Austria.

Called up: June 7, 2025 - ca. 17.20 h +/- 20 min.




250
Jeppe Hein
Mirror Balloons III, 2015.
Mixed media. Fiber-reinforced plastic, chrome p...
Estimate:
€ 30,000 - 40,000

 
$ 33,900 - 45,200

+

 

Buyer's premium, taxation and resale right compensation for Jeppe Hein "Mirror Balloons III"
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.

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