Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 397


397
Miriam Cahn
schreck (23.11.13), 2013.
Oil on canvas
Post auction sale: € 30,000 / $ 33,000
+
schreck (23.11.13). 2013.
Oil on canvas.
Monogrammed and dated verso on the stretcher. 43 x 41 cm (16.9 x 16.1 in). [AW].

• With semi-abstract and often ghostly figures, Cahn explores the complexity of human existence.
• Her ability to achieve maximum impact with minimal means is unique in art.
• The solo exhibition "Reading Dust" is on display at the Stedelijk Museum, Amsterdam, from October 2024 to January 2025.
• Cahn's works are part of renowned international collections, including the Museum of Modern Art, New York; the Tate Modern, London; the Museo Reina Sofía, Madrid; and the Städtische Galerie im Lenbachhaus, Munich
.

PROVENANCE: Galerie Meyer Riegger, Berlin.
Private collection, Austria (acquired from the above).




397
Miriam Cahn
schreck (23.11.13), 2013.
Oil on canvas
Post auction sale: € 30,000 / $ 33,000
+


Buyer's premium, taxation and resale right compensation for Miriam Cahn "schreck (23.11.13)"
This lot can only be purchased subject to regular taxation, artist‘s resale right compensation is due.

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.

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.