Details
A. R. PENCK (1939-2017)
Untitled
with indistinct artist’s monogram (lower right)
ink on paper
29 x 20.5cm.
Executed in 1968-1969
Provenance
Michael Werner Gallery, Cologne.
Collection Erna & Curt Burgauer, Zurich.
Their Sale, Christie's Geneva, 23 March 1999, lot 113.
Private Collection, Switzerland (acquired at the above sale).
Acquired from the above by the late owner.
Special notice
This lot is offered without reserve.
Artist's Resale Right ("Droit de Suite"). Artist's Resale Right Regulations 2006 apply to this lot, the buyer agrees to pay us an amount equal to the resale royalty provided for in those Regulations, and we undertake to the buyer to pay such amount to the artist's collection agent.
If a lot is marked ‘!’, it will have a special VAT status (special margin scheme) and will be subject to higher rates as follows: A ‘!’ lot is imported from outside the EU. VAT will be charged at 21% on the buyer’s premium and invoiced inclusively. A consolidated import VAT rate of 10.2% will also be charged and calculated on the hammer price. For each lot the total buyer’s premium plus applicable VAT which will be payable in addition to the hammer price is calculated as 41.66 % of the hammer price up to a value of € 700,000. For a lot which sells above € 700,000 the calculation is as follows: 41.66 % of the hammer price up to a value of €700,000, plus 34.40% of the hammer price between €700,001 to €4,000,000, plus 27.75% of any amount in excess of €4,000,001
Please note this lot is the property of a consumer. See H1 of the Conditions of Sale.
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