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. This is such a lot. This indicates both in cases where Christie's holds the financial interest on its own, and in cases where Christie's has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful.
VAT rate of 5% is payable on hammer price and at 15% on the buyer's premium
The Alexander & Louisa Calder Foundation, New York.
Acquired from the above by Stanley Cohen.
A gift from the above to the present owner.
Please note that this work is registered in the Alexander Calder Foudation Archives, New York under number A15126, and not as stated in the catalogue.
PROPERTY FROM A DISTINGUISHED EUROPEAN COLLECTION