Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 188


188
Cornelia Schleime
Halali, 2005.
Acrylic, shellac and asphalt varnish on canvas
Post auction sale: € 18,000 / $ 18,900
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Halali. 2005.
Acrylic, shellac and asphalt varnish on canvas.
Signed and dated on the reverse. 180 x 200 cm (70.8 x 78.7 in). [AW].

• The uneven, impasto surface creates an exciting tactile effect.
• Her diverse oeuvre includes painting, drawing, photography, performance, film, music and literature.
• After the regime imposed an exhibition ban in 1981. she left the GDR in 1984, so that the early works she left behind are considered lost today.
• Works by Cornelia Schleime are in renowned collections like the Gemäldegalerie der Staatlichen Kunstsammlungen, Dresden, the J. Paul Getty Museum, Los Angeles, and the Berlinische Galerie, Berlin
.

The work will be included into Cornelia Schleime's catalogue raisonné compiled by Juergen Judin and Dr. Pay Matthis Karstens, Berlin (in preparation).

PROVENANCE: Galerie Michael Schultz, Berlin.
Private collection Southern Germany (acquired from the above).

EXHIBITION: Cornelia Schleime. In der Meute steht die Beute, Galerie Michael Schultz, Berlin, November 19, 2005 - January 28, 2006, pp. 6f. (illu. in color).





Buyer's premium, taxation and resale right compensation for Cornelia Schleime "Halali"
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.