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On occasion, Christie's has a direct financial int… Read more Property from a New York Charitable Family Trust

Salinas Cruz

Salinas Cruz
oil and modeling paste on velvet
108 x 119 1⁄2 in. (274.3 x 303.5 cm.)
Executed in 1984.
Pace Gallery, New York
Acquired from the above by the present owner, 1984
A. Barzel, T. McEvilley, and W. Gaddis, Julian Schnabel, Museo d'Arte Contemporanea Prato, 1984, p. 131 (illustrated).
W. S. Di Piero, Out of Eden: Essays on Modern Art, Berkeley and Oxford, 1991, p. 205.
R. Olson, ed., Julian Schnabel, New York, 2003, pp. 64 and 350 (illustrated).
P. Giloy-Hirtz, ed., CVJ: Nicknames of Maitre D's & Other Excerpts from Life, Ostfildern, 2015, pp. 161 and 221 (illustrated).
L. Andesron, E. de Chassey, B. Clearwater, D. Grau, M. Hollein, D. Kehlmann, Julian Schnabel, Cologne, 2021, p. 151 (illustrated).
New York, Pace Gallery, Julian Schnabel, November-December 1984, no. 18 (illustrated).
London, Whitechapel Art Gallery; Paris, Musée National d'Arte Moderne, Centre Georges Pompidou; Städtische Kunsthalle Düsseldorf; New York, Whitney Museum of American Art; San Francisco, Museum of Modern Art and Houston, Museum of Fine Arts, Julian Schnabel: Paintings 1975-1986, September 1986-August 1988, p. 23 (illustrated).
Museo de Monterrey and Mexico City, Museo Rufino Tamayo, Julian Schnabel: Retrospectiva, September 1994-March 1995, pp. 126-127 and 203, no. 14 (illustrated).
Special notice
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. Where Christie's has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie's therefore sometimes chooses to share that risk with a third party. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. The third party is therefore committed to bidding on the lot and, even if there are no other bids, buying the lot at the level of the written bid unless there are any higher bids. In doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. However, for the avoidance of any doubt, if you are advised by or bidding through an agent on a lot identified as being subject to a third party guarantee you should always ask your agent to confirm whether or not he or she has a financial interest in relation to the lot.

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Julian Ehrlich
Julian Ehrlich Associate Vice President, Specialist, Head of Post-War to Present Sale

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