Lot 146 
146
Frank Gerritz
Place of Pleasure, 2002.
Paintstick on anodized aluminum
Estimate:
€ 18,000 - 24,000
$ 19,260 - 25,680
Place of Pleasure. 2002.
Paintstick on anodized aluminum.
Signed, dated and titled on the reverse. 60 x 180 cm (23.6 x 70.8 in).
[AR].
• The renowned art critic Donald Kuspit once described Frank Gerritz as the last “abstract hardliner”.
• Strictly conceptual wall sculpture reduced to geometric forms.
• Skilful interplay of dark and light: the surface appears completely black, but the strokes of the paintstick remain visible while the aluminum elements reflect the light in a muted way.
• Exhibited in the artist's comprehensive museum exhibition at the Weserburg, Museum of Modern Art, Bremen in 2008.
PROVENANCE: Private collection North Rhine-Westphalia.
EXHIBITION: Frank Gerritz - further down the line, Weserburg, Museum für Moderne Kunst, Bremen, January 29 - May 4, 2008, cat. no. 3 (illu. in color on p. 21, there under no. 4).
Called up: June 7, 2024 - ca. 14.34 h +/- 20 min.
Paintstick on anodized aluminum.
Signed, dated and titled on the reverse. 60 x 180 cm (23.6 x 70.8 in).
[AR].
• The renowned art critic Donald Kuspit once described Frank Gerritz as the last “abstract hardliner”.
• Strictly conceptual wall sculpture reduced to geometric forms.
• Skilful interplay of dark and light: the surface appears completely black, but the strokes of the paintstick remain visible while the aluminum elements reflect the light in a muted way.
• Exhibited in the artist's comprehensive museum exhibition at the Weserburg, Museum of Modern Art, Bremen in 2008.
PROVENANCE: Private collection North Rhine-Westphalia.
EXHIBITION: Frank Gerritz - further down the line, Weserburg, Museum für Moderne Kunst, Bremen, January 29 - May 4, 2008, cat. no. 3 (illu. in color on p. 21, there under no. 4).
Called up: June 7, 2024 - ca. 14.34 h +/- 20 min.
146
Frank Gerritz
Place of Pleasure, 2002.
Paintstick on anodized aluminum
Estimate:
€ 18,000 - 24,000
$ 19,260 - 25,680
Buyer's premium, taxation and resale right compensation for Frank Gerritz "Place of Pleasure"
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.