Sale: 495 / Post War / Contemporary Art, Dec. 07. 2019 in Munich Lot 253

 
253
Otto Piene
Twins, 2006/07.
Oil
Estimate:
€ 10,000 - 15,000

 
$ 11,000 - 16,500

+
Lot description
Twins. 2006 /07.
Oil , fire, soot on canvas.
Verso signed, dated and titled. Once more signed, dated and titled as well as with a direction arrow on the stretcher. 30 x 40 cm (11.8 x 15.7 in) . [SM].

PROVENANCE: Private collection North Rhine-Westphalia (acquired from the artist).

Called up: December 7, 2019 - ca. 14.53 h +/- 20 min.

 


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Buyer's premium, taxation and resale right apportionment for Otto Piene "Twins"
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 1.5% plus statutory sales tax.