Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 212.60

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212.60
Markus Lüpertz
Beethoven, 2013.
Bronze, in colors
Post auction sale: € 13,500 / $ 14,175
+
Beethoven. 2013.
Bronze, in colors.
With the monogram, the inscription "E.A." and the foundry mark "Schmäke Düsseldorf" on the reverse of the plinth. Artist proof aside from the edition. 45 x 19 x 28 cm (17.7 x 7.4 x 11 in).

• A prime example of Lüpertz's sculptural quest for an artistic redefinition of traditionally established pictorial content.
• No other European artist's appearance is more firmly anchored in the collective memory than the physiognomy of Ludwig van Beethoven (1770-1837).
• Fascinating symbiosis of sculpture and painting
• Markus Lüpertz creates a monumental sculpture of Ludwig van Beethoven in the Stadtgarten in Bonn
.

PROVENANCE: Private collection North Rhine-Wesphalia.





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