Lot 155
Frame image
Raumbeispiel
155
Sean Scully
5.6.97, 1997.
Watercolor over pencil
Estimate:
€ 30,000 - 40,000
$ 32,100 - 42,800
5.6.97. 1997.
Watercolor over pencil.
Bottom center signed, dated and titled in bottom right. On firm watercolor paper. 44.9 x 38.1 cm (17.6 x 15 in), size of sheet. [CH].
• Scully's expressive watercolors represent an independent group on a par with his large-format paintings.
• In this work, Scully transfers his "inset" paintings - works with small painted pieces inserted into the canvas - into the watercolor technique.
• In 1996/1997, the Staatliche Graphische Sammlung of the Neue Pinakothek in Munich, the Museum Folkwang in Essen and the Galerie Nationale du Jeu de Paume in Paris showed a comprehensive traveling exhibition of the artist's works on paper.
• Watercolors from the 1990s can be found at, among others, the Museum of Modern Art in New York, the National Gallery of Art in Washington, D.C., the Los Angeles County Museum of Art and the Philadelphia Museum of Art.
PROVENANCE: Galerie Lelong, New York.
Private collection (acquired from the above in 1998).
Called up: June 7, 2024 - ca. 14.46 h +/- 20 min.
Watercolor over pencil.
Bottom center signed, dated and titled in bottom right. On firm watercolor paper. 44.9 x 38.1 cm (17.6 x 15 in), size of sheet. [CH].
• Scully's expressive watercolors represent an independent group on a par with his large-format paintings.
• In this work, Scully transfers his "inset" paintings - works with small painted pieces inserted into the canvas - into the watercolor technique.
• In 1996/1997, the Staatliche Graphische Sammlung of the Neue Pinakothek in Munich, the Museum Folkwang in Essen and the Galerie Nationale du Jeu de Paume in Paris showed a comprehensive traveling exhibition of the artist's works on paper.
• Watercolors from the 1990s can be found at, among others, the Museum of Modern Art in New York, the National Gallery of Art in Washington, D.C., the Los Angeles County Museum of Art and the Philadelphia Museum of Art.
PROVENANCE: Galerie Lelong, New York.
Private collection (acquired from the above in 1998).
Called up: June 7, 2024 - ca. 14.46 h +/- 20 min.
155
Sean Scully
5.6.97, 1997.
Watercolor over pencil
Estimate:
€ 30,000 - 40,000
$ 32,100 - 42,800
Buyer's premium, taxation and resale right compensation for Sean Scully "5.6.97"
This lot can only be purchased subject to regular taxation, artist‘s resale right compensation is due.
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.
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.
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.
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.