Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 212.10

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212.10
Bill Viola
The Locked Garden, 2000.
Video performance. Color video diptych on two f...
Post auction sale: € 20,000 / $ 21,000
+
The Locked Garden. 2000.
Video performance. Color video diptych on two free-standing vertical LCD flat screens that are framed and hinged, mounted on a pedestal. Duration: 12:24 minutes.
One of five copies along with one artist copy. 41.2 x 66.3 x 16.5 cm (16.2 x 26.1 x 6.4 in). Pedestal: 105,5 x 76 x 60 cm (41,5 x 29,9 x 23,6 in).
Functioning. With orig. archive folder with, among others, documents on the work and DVDs. [AR].

• Bill Viola is one of the most important contemporary video artists.
• He explores the complexity of human emotions with modern techniques.
• "The Locked Garden" shows a mute confrontation shot in slow-motion, the changing emotions of a man and a woman, from joy, sorrow, anger to fear.
• Part of the grand travelling exhibition "The Passions", 2003–2005, with shows at, among others, the Getty Museum, Los Angeles and The National Gallery, London.
• His works can be found at, among others, the Art Institute of Chicago, the Museum of Modern Art, New York, and the Tate Gallery, London
.

With a signed and numbered certificate issued by the artist on March 7, 2001.

PROVENANCE: James Cohan Gallery, New York.
Private collection Spain (acquired from the above in 2009).

EXHIBITION: Bill Viola: The Passions, travelling exhibition, J. Paul Getty Museum, Los Angeles; The National Gallery, London; Fundació "La Caixa", Madrid and National Gallery of Australia, Canberra, 2003-2005.

"The nature of The Locked Garden is about human relationships, specifically male-female relationships."
Quoted from the included Artist's Description of "The Locked Garden".




212.10
Bill Viola
The Locked Garden, 2000.
Video performance. Color video diptych on two f...
Post auction sale: € 20,000 / $ 21,000
+


Buyer's premium, taxation and resale right compensation for Bill Viola "The Locked Garden"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.

Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.

Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
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.