Sale: 534 / Contemporary Art Day Sale, Dec. 09. 2022 in Munich Lot 150

 

150
Markus Lüpertz
Bildnis G, 1983.
Oil on canvas
Estimate:
€ 30,000 - 40,000

 
$ 29,700 - 39,600

+
Bildnis G. 1983.
Oil on canvas.
With the monogram in ligature in upper right. Titled and inscribed "6 Bilder über die Liebe III" on the reverse. 147 x 147 cm (57.8 x 57.8 in).
One of 6 works from the series "Über die Liebe". [AR].
• From one of the series so typical of the 1990s – this one addresses the theme "Über die Liebe" (About Love).
• For the first time offered on the international auction market (source: artprice.com).
• His works are in many important museums, among them the Museum of Modern Art, New York, the Städel Museum, Frankfurt am Main, or the Stedelijk Museum, Amsterdam
.

This work's authenticity has kindly been confirmed orally by the Atelier Markus Lüpertz. We are grateful for the kind support in cataloging this lot.

PROVENANCE: Private collection Southern Germany.

Called up: December 9, 2022 - ca. 14.36 h +/- 20 min.




 

Buyer's premium, taxation and resale right compensation for Markus Lüpertz "Bildnis G"
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.