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
Hester and Donald Diamond, New York, by 1956.
Larry Aldrich, New York; his sale, Sotheby's, New York, 30 October 1963, lot 50.
Acquired at the above sale by the late owners.
PROPERTY FROM THE ESTATE OF J. IRWIN AND XENIA S. MILLER
H. Read, Ben Nicholson: Work Since 1947, vol. II, London, 1956, no. 120 (illustrated).
The American Federation of Arts, travelling exhibition, The Aldrich Collection, October 1960 - October 1962, no. 39.