On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. This is such a lot.
Galerie L'Arc en Seine, Paris. Christie's, New York, The Maurice & Margo Cohen Collection, 11 June 1999, lot 422.
Modernism Gallery, New York.
Bernheim family, Paris.