Lot 174
Frame image
Raumbeispiel
174
Markus Prachensky
Maremma - II. - 1985, 1985.
Acrylic on canvas
Estimate:
€ 20,000 - 30,000
$ 21,400 - 32,100
Maremma - II. - 1985. 1985.
Acrylic on canvas.
Signed and dated in the lower rigght. Signed, dated and titled on the folded canvas. 90 x 130 cm (35.4 x 51.1 in). [AW].
• After spending time in the Maremma/Italy, he painted the series of the same name in 1985.
• Extremely colorful and striking example from this work group.
• Alongside Arnulf Rainer, Prachensky was a founding member of the Vienna artist group "Galerie nächst St. Stephan" in 1956.
• He taught at the Academy of Fine Arts in Vienna, where he also headed painting master classes, from 1983 until his retirement in 2000.
• Prachensky is known as one of the most important Austrian avant-garde and Art Informel artists.
PROVENANCE: Private collection Southern Germany.
Called up: June 7, 2024 - ca. 15.11 h +/- 20 min.
Acrylic on canvas.
Signed and dated in the lower rigght. Signed, dated and titled on the folded canvas. 90 x 130 cm (35.4 x 51.1 in). [AW].
• After spending time in the Maremma/Italy, he painted the series of the same name in 1985.
• Extremely colorful and striking example from this work group.
• Alongside Arnulf Rainer, Prachensky was a founding member of the Vienna artist group "Galerie nächst St. Stephan" in 1956.
• He taught at the Academy of Fine Arts in Vienna, where he also headed painting master classes, from 1983 until his retirement in 2000.
• Prachensky is known as one of the most important Austrian avant-garde and Art Informel artists.
PROVENANCE: Private collection Southern Germany.
Called up: June 7, 2024 - ca. 15.11 h +/- 20 min.
174
Markus Prachensky
Maremma - II. - 1985, 1985.
Acrylic on canvas
Estimate:
€ 20,000 - 30,000
$ 21,400 - 32,100
Buyer's premium, taxation and resale right compensation for Markus Prachensky "Maremma - II. - 1985"
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.
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.