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 artist's estate (inv. no. 13738).
Marina Picasso, Paris.
Galerie Jan Krugier, Geneva.
Jeffrey H. Loria & Co., Inc., New York.
Acquired from the above by the late owner in August 1991.
PROPERTY FROM AN AMERICAN ESTATE
D. Duncan, Goodbye Picasso, London, 1974 (illustrated in photograph p. 281).
C. Zervos, Pablo Picasso, oeuvres de 1971-1972, vol. 33, Paris, 1978, no. 72 (illustrated pl. 23).
The Picasso Project (ed.), Picasso's Paintings, Watercolours, Drawings and Sculpture: The Final Years, 1970-1973, San Francisco, 2004, no. 71-176 (illustrated p. 169).
Avignon, Palais de Papes, Exposition Picasso: 201 Peintures 1970-72, May - September 1973, no. 59, p. 72 (illustrated, titled 'Homme assis').