Sale: 503 / Post War / Contemporary Art II, July 17. 2020 in Munich Lot 26

Damien Hirst
Spin Painting, 2009.
Acrylic and metallic paint
€ 14,000 - 18,000

$ 15,960 - 20,520

Lot description
Spin Painting. 2009.
Acrylic and metallic paint.
Verso with the artist's stamped signature and a typographic inscription. Additionally with the artist's studio blindstamp. On structured wove paper. Diameter ca. 52 cm (20.4 in), the full sheet.
Made in context of a Damien Hirst Spin-Workshop on occasion of the opening of the exhibition "Requiem", 2009, at the Pinchuk Art Center in Kiev, Ukraine. [CE].

PROVENANCE: Private collection Southern Germany.

Called up: July 17, 2020 - ca. 13.25 h +/- 20 min.

This work offered here is part of the series of "Spin Paintings" which are characterized by a bright and gaudy coloring. What makes this technique so special is that the colors are applied on a rotating image carrier so that centrifugal forces become effective and lead to opulent color structures. The process of creation of these works is primarily informed by spontaneity and coincidence, as the artist can only exert influence through his choice of colors and the rotation movement. This approach stands in stark contrast to that of Hirst's far more formal "Spot-Series". However, what both work groups have in common is the artist's exploration of the creative process and the idea of an imaginary 'machine painter'; the concept of an artistic signature gains an entirely new meaning in Hirst's art.

Buyer's premium, taxation and resale right apportionment for Damien Hirst "Spin Painting"
This lot can be purchased subject to differential or regular taxation.

Differential taxation:
Hammer prices up to € 500,000: 32 % buyer's premium
Hammer prices above € 500,000: for the share up to € 500,000: 32%, for the share above € 500,000: 27% buyer's premium
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer prices up to € 500,000: 25 % buyer's premium plus statutory sales tax Hammer prices above € 500,000: for the share up to € 500,000: 25%, for the share above € 500.000: 20% buyer's premium, each plus statutory sales tax

We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.

Resale right apportionment:
Objects made by artists who have not died at least 70 years ago are subject to a resale right apportionment of 2.4% including statutory sales tax.