Lot 355
Frame image
355
Victor Vasarely
Kelat - 2, 1950/1984.
Oil on panel
Estimate:
€ 20,000 - 30,000
$ 22,000 - 33,000
Kelat - 2. 1950/1984.
Oil on panel.
Signed lower center. Once again signed on the reverse, as well as titled (presumably by a hand other than that of the artist), dated, and inscribed with the artist's name, the dimensions, and “3299”. 64 x 47 cm (25.1 x 18.5 in).
The artist started the artwork in 1950 and realized it around 1984. [AW].
• This visually appealing work combines solid contrasts and geometric patterns.
• Vasarely's geometric-constructive abstraction is based on a standardized inventory of forms and colors, with which he evokes immediate sensations of matter, space, energy, and movement in the viewer.
• Vasarely participated in the documents in Kassel in 1955, 1959, 1964, and 1968 as a co-founder and key representative of Op Art.
• Works by the artist are part of significant museum collections such as the Guggenheim Museum in New York, the Saint Louis Art Museum in Missouri, and the Museum of Modern Art in New York.
The authenticity of the work has been confirmed by Mr. Pierre Vasarely, President of the Vasarely Foundation, universal legatee and holder of the moral rights of Mr. Victor Vasarely. This work will be included in the catalogue raisonné of the artist's paintings, prepared by the Vasarely Foundation, Aix-en-Provence.
PROVENANCE: Walton-Gilbert Gallery, San Francisco.
Galerie m, Bochum (since 1999, with the gallery label on the reverse).
Private collection, France (since 2012).
LITERATURE: Christie's, London, 8603. auction, December 3, 1999, lot 234.
Called up: December 7, 2024 - ca. 16.58 h +/- 20 min.
Oil on panel.
Signed lower center. Once again signed on the reverse, as well as titled (presumably by a hand other than that of the artist), dated, and inscribed with the artist's name, the dimensions, and “3299”. 64 x 47 cm (25.1 x 18.5 in).
The artist started the artwork in 1950 and realized it around 1984. [AW].
• This visually appealing work combines solid contrasts and geometric patterns.
• Vasarely's geometric-constructive abstraction is based on a standardized inventory of forms and colors, with which he evokes immediate sensations of matter, space, energy, and movement in the viewer.
• Vasarely participated in the documents in Kassel in 1955, 1959, 1964, and 1968 as a co-founder and key representative of Op Art.
• Works by the artist are part of significant museum collections such as the Guggenheim Museum in New York, the Saint Louis Art Museum in Missouri, and the Museum of Modern Art in New York.
The authenticity of the work has been confirmed by Mr. Pierre Vasarely, President of the Vasarely Foundation, universal legatee and holder of the moral rights of Mr. Victor Vasarely. This work will be included in the catalogue raisonné of the artist's paintings, prepared by the Vasarely Foundation, Aix-en-Provence.
PROVENANCE: Walton-Gilbert Gallery, San Francisco.
Galerie m, Bochum (since 1999, with the gallery label on the reverse).
Private collection, France (since 2012).
LITERATURE: Christie's, London, 8603. auction, December 3, 1999, lot 234.
Called up: December 7, 2024 - ca. 16.58 h +/- 20 min.
355
Victor Vasarely
Kelat - 2, 1950/1984.
Oil on panel
Estimate:
€ 20,000 - 30,000
$ 22,000 - 33,000
Buyer's premium, taxation and resale right compensation for Victor Vasarely "Kelat - 2"
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.