Sale: 553 / Contemporary Day Sale, June 07. 2024 in Munich Lot 159


159
Sigmar Polke
Goldhaar, 1999.
Mixed media. Acrylic, gouache and spray technique
Estimate:
€ 70,000 - 90,000

 
$ 74,900 - 96,300

+
Goldhaar. 1999.
Mixed media. Acrylic, gouache and spray technique.
Signed, dated, titled and inscribed with a personal dedication at the bottom. 99.8 x 70.3 cm (39.2 x 27.6 in), the full sheet. [EH].

• Polke broke with figuration, experimented with colors and techniques and found a completely new form of expression.
• A remarkable combination of luminous colors and an exciting composition.
• Sigmar Polke is one of the most important artists of the second half of the 20th century. His works are included in major international collections
.

PROVENANCE: Private collection Germany (directly from the artist).
Galerie Michael Werner, Cologne.
Private collection Portugal.
Private collection.
Acquired by the current owner from the above (Sotheby's 2014).

EXHIBITION: Sigmar Polke. Bilder und Zeichnungen 2011, Galerie Michael Werner, Cologne, September 9 - December 7, 2011.

LITERATURE: Sotheby's, New York, Contemporary Art, April 14, 2014, lot 241.

Called up: June 7, 2024 - ca. 14.51 h +/- 20 min.

Sigmar Polke's oeuvre is permeated by quotations, links, experiments, and enigmatic subtleties. In his works, he often combines abstraction with figuration, putting both elements in relation to one another and thus developing new, completely open levels of association.
In doing so, Polke repeatedly makes use of historical graphic models. The head disappearing behind a grid of white paint is reminiscent of one of these. It appears to be so diffuse because it has been carved out of the rough, thick paint, which covers the ground almost like a crust, with bold brushstrokes and scraping tools, almost like sculpted, giving the sheet the feel of a coarsely plastered wall. This contrasts with the shiny, smooth, and flowing form of the gold. The seemingly random flow of the liquid color provides the outline of a fictitious head and continues to the right in a broad head of hair. This combination of different materials and color structures makes Sigmar Polke's works so characteristic. The artist does not bother to explain the title and depiction. However, the golden hair can be found as an association with the depiction of angels or the golden hair of Loreley. [EH]




Buyer's premium, taxation and resale right compensation for Sigmar Polke "Goldhaar"
This lot can be subjected to differential taxation plus a 7% import tax levy (saving approx. 5 % compared to regular taxation) 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.