Sale: 548 / Contemporary Art Day Sale, Dec. 08. 2023 in Munich Lot 198


198
Sean Scully
MUNA 11.8.02, 2002.
Watercolor
Estimate:
€ 25,000 - 35,000

 
$ 26,500 - 37,100

+
MUNA 11.8.02. 2002.
Watercolor.
Lower right signed and dated "11.8.02". Bottom center titled "MUNA". On firm wove paper. 38 x 50.6 cm (14.9 x 19.9 in), size of sheet. [CH].

• Scully does not focus on the effects of color contrasts, but on the depiction of light, brightness and darkness.
• The artist succeeds in capturing light itself with delicate color mists .
• Scully's intimate, translucent watercolors are created as an independent group of works on a par with his large-format paintings
.

PROVENANCE: Private collection (acquired directly from the artist).
Private collection Belgium (acquired from the above).

"Watercolors are about the external absence of physicality. It's as close as a painter can get to pure light."
Sean Scully in an interview with Ned Rifkin, 1995, quoted from: Kelly Grovier, Kirsten Voigt (eds.), Inner. Gesammelte Schriften von Sean Scully, Berlin 2018, p. 52.

Called up: December 8, 2023 - ca. 15.10 h +/- 20 min.





Buyer's premium, taxation and resale right compensation for Sean Scully "MUNA 11.8.02"
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.