Sale: 534 / Contemporary Art Day Sale, Dec. 09. 2022 in Munich Lot 175

 

175
Markus Prachensky
Rot und grüne Flächen – Solitude II, 1964.
Oil on canvas
Estimate:
€ 40,000 - 60,000

 
$ 39,600 - 59,400

+
Rot und grüne Flächen – Solitude II. 1964.
Oil on canvas.
Signed, dated, titled and inscribed with the dimensions and a direction arrow on the reverse. 165 x 100 cm (64.9 x 39.3 in).
[AR].
• High-contrast work from the group of the "Solitude" pictures, which the artist created in his Stuttgart studio as of 1964.
• The red forms sprawl across the canvas like charcters and collide with the green background.
• Shown at the "Große Kunstausstellung" at the Haus der Kunst in Munich a year after it was made, and was show again in the grand retrospective exhibition at the Kunstverein Hanover in 1970.
• Family-owned for more than 50 years
.

PROVENANCE: Private collection Southern Germany (acquired directly from the artist, ever since family-owned).

EXHIBITION: Große Kunstausstellung, Haus der Kunst, Munich, June 24 - October 3, 1965, cat. no. 272 (with the exhibition label on the reverse).
Markus Prachensky, Kunstverein Hanover, August 29 - September 27, 1970 (with illu. on p. 73).

"These pictures emanate a strange intimacy. They vibrate as if they were energized. [..] Colors and forms evoke contrasts so strong that the voltage ratio should be measurable."
Heinz Ohff about the Markus-Prachensky exhibition at Galerie Schüler, 1965, in: Tagesspiegel, Berlin, March 11, 1965.

Called up: December 9, 2022 - ca. 15.10 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Markus Prachensky "Rot und grüne Flächen – Solitude II"
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.