Sale: 528 / Modern Art, June 11. 2022 in Munich Lot 450

 

450
Albert Bloch
Eine Gruppe - Gethsemane, 1914.
Oil on canvas
Post auction sale: € 100,000 / $ 104,000
+
Eine Gruppe - Gethsemane. 1914.
Oil on canvas.
Lower right monogrammed. Verso dated: "Febr'y - March 1914". 137 x 101.5 cm (53.9 x 39.9 in).
[AM].
• Unusual combination of religious theme and the world of circus.
• Albert Bloch's paintings from the 1910s are among his most sought-after works on the international auction market.
• Works by Bloch are in many international museums like the Museum of Modern Art, New York, the Whitney Museum of American Art, New York, and the Art Institute of Chicago
.

PROVENANCE: Collection Arthur Jerome Eddy, Chicago (since 1915 the latest).
La Jolla Museum, California.
Hollis Taggart Gallery, New York.
Private collection New York (acquired from the above in 1998, until 2011).
Private collection Europe.

EXHIBITION: Albert Bloch. The Arthur Jerome Eddy Collection, The Art Institute of Chicago, Chicago, July/August 1915.
Concerning Expressionism: American Modernism and the German Avant-Garde, Hollis Taggart Gallery, New York, 1998.




450
Albert Bloch
Eine Gruppe - Gethsemane, 1914.
Oil on canvas
Post auction sale: € 100,000 / $ 104,000
+

 

Buyer's premium, taxation and resale right compensation for Albert Bloch "Eine Gruppe - Gethsemane"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 500,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 500,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 500,000 €.
The share of the hammer price exceeding 2,500,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 2,500,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 500,000 €: herefrom 25 % premium.
The share of the hammer price exceeding 500,000 € is subject to a premium of 20% and is added to the premium of the share of the hammer price up to 500,000 €.
The share of the hammer price exceeding 2,500,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 2,500,000 €.
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.