Sale: 561 / Contemporary Day Sale, Dec. 07. 2024 in Munich Lot 313

 

313
Rupprecht Geiger
523/68, 1968.
Acrylic on canvas
Estimate:
€ 40,000 - 60,000

 
$ 43,600 - 65,400

+
523/68. 1968.
Acrylic on canvas.
Signed, dated and titled “523/68” on the stretcher, also inscribed with the dimensions, direction indicator. 120 x 110 cm (47.2 x 43.3 in). [CH].


• Geiger's works derive their extraordinary effect from the fine modulation of the color fields.
• The reduction and concentration of color and form peaked in the late 1960s.
• Geiger elevates the circle to a meditative color space.
• The work has been part of the same private collection since 1969.
• In the year it was created, Geiger took part in the 4th documenta in Kassel.
• Similar paintings are in numerous important collections, among them the Nationalgalerie Berlin, the Museum Folkwang, Essen, and the Städtische Galerie im Lenbachhaus, Munich
.

We are grateful to Julia Geiger, Geiger Archive, Munich, for the kind supportr in cataloging this lot.

PROVENANCE: Private collection North Rhine-Westphalia (acquired from the artist in 1969).
Ever since family-owned.

LITERATURE: Rupprecht-Geiger-Gesellschaft, Städtische Galerie im Lenbachhaus, München (ed.), edited by Pia Dornacher and Julia Geiger, Rupprecht Geiger. Catalogue Raisonné 1942-2002. Gemälde und Objekte, architekturbezogene Kunst, München 2003, no. 498, p. 190.

Called up: December 7, 2024 - ca. 16.02 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Rupprecht Geiger "523/68"
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.