On occasion, Christie’s has a direct financial interest in lots consigned for sale, which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. Christie’s may choose to assume this financial risk on its own or may contract with a third party for such third party to assume all or part of this financial risk. When a third party agrees to finance all or part of Christie’s interest in a lot, it takes on all or part of the risk of the lot not being sold, and will be remunerated in exchange for accepting this risk out of Christie’s revenues from the sale, whether or not the third party is a successful bidder. The third party may bid for the lot and may or may not have knowledge of the reserves. Where it does so, and is the successful bidder, the remuneration may be netted against the final purchase price. If the lot is not sold, the third party may incur a loss.
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VAT rate of 5% is payable on hammer price and at 20% on the buyer's premium.
The Hbrard family, Paris.
Galerie Marcel Bernheim, Paris.
Acquired by the present owner in the 1960s.
PROPERTY FROM A DISTINGUISHED PRIVATE COLLECTION
Exh. cat., Exposition des sculptures de Degas, Galerie A.A. Hébrard, Paris, May - June 1921, no. 47 (another cast exhibited).
J. Rewald, Degas, Works in Sculpture, A Complete Catalogue, New York, 1944, no. VI, p. 19 (another cast illustrated p. 35).
J. Rewald, Degas's Sculpture, The Complete Works, London, 1957, no. VI (another cast illustrated pls. 3-5).
F. Russoli & F. Minervino, L'opera completa di Degas, Milan, 1970, no. S41 (another cast illustrated).
C.W. Millard, The Sculpture of Edgar Degas, Princeton, 1976, no. 60 (another cast illustrated).
J. Rewald, Degas Complete Sculpture, Catalogue Raisonné, San Francisco, 1990, no. VI, p. 54 (the wax version illustrated; another cast illustrated p. 55).
A. Pingeot, Degas' Sculptures, Paris, 1991, no. 41 (another cast illustrated).
S. Campbell, 'Degas, The Sculptures, A Catalogue Raisonné', in Apollo, no. 402, vol. CXLII, August 1995, no. 47, pp. 33-34 (another cast illustrated).
J.S. Czestochowski & A. Pingeot, Degas' Sculptures, Catalogue Raisonné of the Bronzes, Memphis, 2002, no. 47, p. 213 (another cast illustrated).
S. Glover Lindsay, D.S. Barbour & S.G. Sturman, Edgar Degas Sculpture, Washington D.C., 2010, no. 13, pp. 102 - 106 (the wax version illustrated p. 103).
Lausanne, Palais de Beaulieu, Chefs-d'oeuvre des collections suisses, de Manet Picasso, May - October 1964, no. 14.
Tokyo, Seibu Museum of Art, Exposition Degas, September - November 1976, no. 82; this exhibition later travelled to Kyoto, Museum of the City; and Fukuoka, Cultural Centre.