Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 380


380
Christo
Wrapped Statues (Sleeping Fawn) Project for the Glyptothek, Munich, 1999.
Collage. Graphite, wax crayon, enamel paint, po...
Estimate:
€ 30,000 - 40,000

 
$ 33,000 - 44,000

+
Wrapped Statues (Sleeping Fawn) Project for the Glyptothek, Munich. 1999.
Collage. Graphite, wax crayon, enamel paint, polyethylene and string on brown cardboard.
Signed and dated lower right and titled along the upper edge of the image. 81.3 x 58.3 cm (32 x 22.9 in).
Prototype for the edition of the same name published in 2001 (cf. Schellmann WVZ no. 183). The plans for the Munich Glyptothek were not realized, as was the case with many of the wrappings of sculptures and monuments conceived by Christo and Jeanne-Claude over the decades. [AR].

• Prototype for a project planned for the Munich Glyptothek: the sensual Barberini faun wrapped in semi-transparent foil.
• A lasting testimony to the artistic creative process.
• The collages were initially used to finance new projects. Today, there is still significant demand for them on the international auction market.
• Christo and Jeanne-Claude revolutionized the concept of art and left behind an oeuvre of great diversity and extraordinary inventiveness
.

We are grateful to Mr. Matthias Koddenberg, Christo and Jeanne-Claude Foundation, New York, for his kind support in cataloging this work. It is registered with the archive.

PROVENANCE: Edition Schellmann, Munich.
German private collection.

Called up: December 7, 2024 - ca. 17.31 h +/- 20 min.




380
Christo
Wrapped Statues (Sleeping Fawn) Project for the Glyptothek, Munich, 1999.
Collage. Graphite, wax crayon, enamel paint, po...
Estimate:
€ 30,000 - 40,000

 
$ 33,000 - 44,000

+


Buyer's premium, taxation and resale right compensation for Christo "Wrapped Statues (Sleeping Fawn) Project for the Glyptothek, Munich"
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.