Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 390


390
Günther Förg
Ohne Titel, 2001.
Acrylic on canvas
Post auction sale: € 30,000 / $ 33,000
+
Ohne Titel. 2001.
Acrylic on canvas.
Signed and dated on the reverse. 120 x 100 cm (47.2 x 39.3 in). [JS].

• Förg's work is a devotion to the intrinsic value of color, the incessant attempt to bring out its inner life and almost infinite richness through new combinations and variations.
• Förg combines seemingly incompatible elements: Concrete Art and Gestural Abstraction, geometric rigor, and expressive spontaneity.
• In 2014, the Museum Brandhorst in Munich presented the first posthumous retrospective of the artist's work, followed by the retrospective “Günther Förg. A Fragile Beauty” at the Stedelijk Museum, Amsterdam, and the Dallas Museum of Art in 2018.
• Förg's works are in numerous significant international collections, including the Museum of Modern Art, New York, and the Stedelijk Museum, Amsterdam
.

We are grateful to Mr. Michael Neff of the Günther Förg Estate for his kind confirmation of the work's authenticity. The work is registered in the archive of the Günther Förg Estate under the number WVF.01.B.0541.

PROVENANCE: Galerie Rackey, Bad Honnef.
Private collection, Rhineland (acquired from the above around 2010).





Buyer's premium, taxation and resale right compensation for Günther Förg "Ohne Titel"
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.