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. The third party may also bid for the lot. 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.
Christie’s guarantee of a minimum price for this lot has been fully financed through third parties.
Antoine Vincent Arnault; his sale, Paris, 15 April 1835, lot 19.
Bara collection; Hôtel Drouot, Paris, 8 March 1875, lot 5.
Madame Léon Gauchez; Hôtel Drouot, Paris, 20 April 1892, lot 34 (2,800 francs to Charles Mannheim).
Albert Lehmann; Galerie Georges Petit, Paris, 8 June 1925, lot 140 (65,000 francs), where acquired by
Robert Schumann; Hôtel Drouot, Paris, 11 April 1951, lot 4 (410,000 francs), where acquired by
Jacques and Henriette Schumann, and by descent; Christie's, Paris, 30 September 2003, lot 3., where acquired by the present owner.
H. Harisse, Louis-Léopold Boilly, Peintre-Dessinateur-Lithographe, Paris, 1898, no. 897, p. 165.
Le Figaro Artistique, 4 June 1925, p. 536.
Paris, Exposition rétrospective de la ville de Paris, 1900, no. 20.