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.
Please note that the orange beads in this lot are carnelian. Please also note that this lot is circa 1920.
THE COLLECTION OF ALICE LAWRENCE
John Loring, Louis Comfort Tiffany at Tiffany & Co., Harry N. Abrams, Inc., New York, 2002, page 62