Artist's Resale Right ("Droit de Suite"). Artist's Resale Right Regulations 2006 apply to this lot, the buyer agrees to pay us an amount equal to the resale royalty provided for in those Regulations, and we undertake to the buyer to pay such amount to the artist's collection agent.
These lots have been imported from outside the EU for sale using a Temporary Import regime. Import VAT is payable (at 5%) on the Hammer price. VAT is also payable (at 20%) on the buyer’s Premium on a VAT inclusive basis. When a buyer of such a lot has registered an EU address but wishes to export the lot or complete the import into another EU country, he must advise Christie's immediately after the auction.
PROPERTY FROM THE BEINECKE FAMILY, SOLD TO BENEFIT THE PROSPECT HILL FOUNDATION
In 1959, William S. and Elizabeth G. Beinecke founded The Prospect Hill Foundation, with a mission to advance the human experience while ensuring the well-being of the earth. Over the past six decades, the Foundation has pursued this mission by making grants in four program areas: Environment, Nuclear Disarmament & Nonproliferation, Reproductive Health & Justice and Youth Justice. Mainly supporting activities in the northeastern United States, The Prospect Hill Foundation’s Environment Program has focused on coastal waters and oceans in the southern New England region, stretching from Cape Cod to the Hudson Canyon; and funding advocacy and policy reform opportunities in order to improve water quality, advance marine conservation and restore coastal habitats.
Looking forward, The Prospect Hill Foundation will concentrate on a new program area, building upon the justice work the Foundation has been supporting and focusing on young people. The intent is to fund intersectional and grassroots efforts that are community led and that challenge systemic racism and gender-based oppression.