Lot 264
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Raumbeispiel
264
Otto Piene
Kaskade, 1999.
Mixed media with gouache, fire and smoke on can...
Estimate:
€ 18,000 - 24,000
$ 20,340 - 27,120
Kaskade. 1999.
Mixed media with gouache, fire and smoke on canvas-covered cardboard.
Signed, dated, titled and inscribed with the dimensions and the technique on the reverse. 70 x 50 cm (27.5 x 19.6 in). [AW].
• Captivating dynamic fire gouache by the famous “ZERO” artist.
• Marvelous interplay of intense colors, composition, and texture.
• Through his unique production method, the artist elevates nature to be the co-author of his works.
• There is hardly any other oeuvre in which light, fire, and smoke have played such an important role as in the work of Otto Piene.
PROVENANCE: Private collection, North Rhine-Westphalia (acquired directly from the artist).
Private collection, North Rhine-Westphalia (acquired in 2021 from the above).
Called up: June 7, 2025 - ca. 17.38 h +/- 20 min.
Mixed media with gouache, fire and smoke on canvas-covered cardboard.
Signed, dated, titled and inscribed with the dimensions and the technique on the reverse. 70 x 50 cm (27.5 x 19.6 in). [AW].
• Captivating dynamic fire gouache by the famous “ZERO” artist.
• Marvelous interplay of intense colors, composition, and texture.
• Through his unique production method, the artist elevates nature to be the co-author of his works.
• There is hardly any other oeuvre in which light, fire, and smoke have played such an important role as in the work of Otto Piene.
PROVENANCE: Private collection, North Rhine-Westphalia (acquired directly from the artist).
Private collection, North Rhine-Westphalia (acquired in 2021 from the above).
Called up: June 7, 2025 - ca. 17.38 h +/- 20 min.
264
Otto Piene
Kaskade, 1999.
Mixed media with gouache, fire and smoke on can...
Estimate:
€ 18,000 - 24,000
$ 20,340 - 27,120
Buyer's premium, taxation and resale right compensation for Otto Piene "Kaskade"
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.
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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We will inform you in time.