Lot 202
Frame image
Raumbeispiel
202
Lee Ufan
Correspondance (Grün), 2006.
Watercolor
Estimate:
€ 25,000 - 35,000
$ 26,750 - 37,450
Correspondance (Grün). 2006.
Watercolor.
Signed and dated in lower right. On firm Arches wove paper (with the blindstamp "AQUARELLE ARCHES" and the watermark). 77 x 57.5 cm (30.3 x 22.6 in), size of sheet. [EH].
• Lee's minimalist aesthetic combines Asian and European influences.
• One of the most important elements of his artistic work is not to breathe while painting, to allow the work to take effect in space and time and not to "colonize" the entire surface.
• Lee is one of the most important representatives of the Mono-ha school in Japan, a key movement in Japanese post-war art.
• From the 1970s onward, his work was closely related to the Dansaekhwa movement in Korea, in which artists explored abstraction and materiality, particularly in monochrome painting.
• Lee Ufan exhibited at documenta 6 in Kassel in 1977 and at the Venice Biennale in 2011 and 2015.
• Until April 28, 2024, the Hamburger Bahnhof, Nationalgalerie der Gegenwart, shows the artists first retrospective in Germany.
PROVENANCE: Galerie Nächst St. Stephan
Private collection Austria (acquired from the above in 2007).
EXHIBITION: Lee Ufan, Galerie Nächst St. Stephan Rosemarie Schwarzwälder, Vienna, February 21 - April 21, 2007.
Called up: June 7, 2024 - ca. 15.48 h +/- 20 min.
Watercolor.
Signed and dated in lower right. On firm Arches wove paper (with the blindstamp "AQUARELLE ARCHES" and the watermark). 77 x 57.5 cm (30.3 x 22.6 in), size of sheet. [EH].
• Lee's minimalist aesthetic combines Asian and European influences.
• One of the most important elements of his artistic work is not to breathe while painting, to allow the work to take effect in space and time and not to "colonize" the entire surface.
• Lee is one of the most important representatives of the Mono-ha school in Japan, a key movement in Japanese post-war art.
• From the 1970s onward, his work was closely related to the Dansaekhwa movement in Korea, in which artists explored abstraction and materiality, particularly in monochrome painting.
• Lee Ufan exhibited at documenta 6 in Kassel in 1977 and at the Venice Biennale in 2011 and 2015.
• Until April 28, 2024, the Hamburger Bahnhof, Nationalgalerie der Gegenwart, shows the artists first retrospective in Germany.
PROVENANCE: Galerie Nächst St. Stephan
Private collection Austria (acquired from the above in 2007).
EXHIBITION: Lee Ufan, Galerie Nächst St. Stephan Rosemarie Schwarzwälder, Vienna, February 21 - April 21, 2007.
Called up: June 7, 2024 - ca. 15.48 h +/- 20 min.
202
Lee Ufan
Correspondance (Grün), 2006.
Watercolor
Estimate:
€ 25,000 - 35,000
$ 26,750 - 37,450
Buyer's premium, taxation and resale right compensation for Lee Ufan "Correspondance (Grün)"
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.