Lot 229
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229
Vik Muniz
Liz (After Warhol), 1999.
Four dye-bleach prints on plastic plates
Post auction sale: € 30,000 / $ 31,500
Liz (After Warhol). 1999.
Four dye-bleach prints on plastic plates.
Signed, dated, numbered and inscribed on a gallery label on the reverse of one of the prints . From an edition of 3 copies. Each 76 x 76 cm (29.9 x 29.9 in).
[AR].
• Vik Muniz recycles art history: for his photographs, he recreates art historical motifs using a variety of materials.
• Using pepper, curry and chili powder in different colors, he interprets Andy Warhol's portrait of Liz Taylor and creates a topical pop art reissue.
• His works are exhibited in renowned museums like the Art Institute of Chicago, the Museum of Modern Art in New York and the Victoria & Albert Museum in London.
PROVENANCE: Brent Sikkema, New York (gallery label on the reverse).
Private collection North Rhine-Westphalia (since 2005).
Vik Muniz, quoted from: Vik Muniz by Mark Magill, Interview, Bomb Magazine, no. 73, autumn 2000.
Four dye-bleach prints on plastic plates.
Signed, dated, numbered and inscribed on a gallery label on the reverse of one of the prints . From an edition of 3 copies. Each 76 x 76 cm (29.9 x 29.9 in).
[AR].
• Vik Muniz recycles art history: for his photographs, he recreates art historical motifs using a variety of materials.
• Using pepper, curry and chili powder in different colors, he interprets Andy Warhol's portrait of Liz Taylor and creates a topical pop art reissue.
• His works are exhibited in renowned museums like the Art Institute of Chicago, the Museum of Modern Art in New York and the Victoria & Albert Museum in London.
PROVENANCE: Brent Sikkema, New York (gallery label on the reverse).
Private collection North Rhine-Westphalia (since 2005).
Vik Muniz, quoted from: Vik Muniz by Mark Magill, Interview, Bomb Magazine, no. 73, autumn 2000.
229
Vik Muniz
Liz (After Warhol), 1999.
Four dye-bleach prints on plastic plates
Post auction sale: € 30,000 / $ 31,500
Buyer's premium, taxation and resale right compensation for Vik Muniz "Liz (After Warhol)"
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.