Lot 392
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392
Markus Lüpertz
Herkules, 2009.
Bronze, in color
Post auction sale: € 20,000 / $ 22,000
Herkules. 2009.
Bronze, in color.
With the monogram, number and foundry stamp "Schmäke Düsseldorf" on the reverse of the plinth. From an edition of 6 copies. 77 cm (30.3 in).
[KA].
• Offered on the international auction market for the first time (source: artprice.com).
• An example of Lüpertz's sculptural pursuit of an artistic redefinition of established pictorial content.
• Fascinating symbiosis of sculpture and painting.
• This work was created one year before the artist's monumental Hercules sculpture was erected on the THS tower of the Nordstern colliery in Gelsenkirchen in the context of the “Ruhr.2010 - European Capital of Culture” project.
The authenticity of the present work has been confirmed by Prof. Markus Lüpertz, to whom we are grateful for his kind support in cataloging this lot.
PROVENANCE: Private collection, Hesse.
LITERATURE: Markus Lüpertz. Über die Kunst zum Bild, Cologne 2019, p. 345 (model) (with ill.).
Bronze, in color.
With the monogram, number and foundry stamp "Schmäke Düsseldorf" on the reverse of the plinth. From an edition of 6 copies. 77 cm (30.3 in).
[KA].
• Offered on the international auction market for the first time (source: artprice.com).
• An example of Lüpertz's sculptural pursuit of an artistic redefinition of established pictorial content.
• Fascinating symbiosis of sculpture and painting.
• This work was created one year before the artist's monumental Hercules sculpture was erected on the THS tower of the Nordstern colliery in Gelsenkirchen in the context of the “Ruhr.2010 - European Capital of Culture” project.
The authenticity of the present work has been confirmed by Prof. Markus Lüpertz, to whom we are grateful for his kind support in cataloging this lot.
PROVENANCE: Private collection, Hesse.
LITERATURE: Markus Lüpertz. Über die Kunst zum Bild, Cologne 2019, p. 345 (model) (with ill.).
392
Markus Lüpertz
Herkules, 2009.
Bronze, in color
Post auction sale: € 20,000 / $ 22,000
Buyer's premium, taxation and resale right compensation for Markus Lüpertz "Herkules"
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.