Wednesday 9 December 2020

Lot 11

Natalie Gontcharova,   Russian 18811962-   Abstract composition, circa 1950;

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Lot 11

Natalie Gontcharova,
 
Russian 18811962-
 
Abstract composition, circa 1950;

Price Realised: Unsold Lot

Estimate: £4,000 - £6,000

Price realised is hammer price plus fees (30% Buyers Premium inclusive of VAT).

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Lot 11

Description

Natalie Gontcharova,

 

Russian 18811962-

 

Abstract composition, circa 1950;

 

watercolour and pencil, signed lower right, 26x18.5cm

 

Provenance: Sothebys, London, 26 March 1980, lot 215; Bonhams Sale, London, 25 June 2005, lot 23 (purchased from the above); Aguttes Sale, Paris, 17 February 2010 lot 214, where purchased by the present owner.

Note: This work is part of a series which deals with the concept of space and the cosmos, and was influenced by the launch of Sputnik and the development of the Space Race between the USSR and the USA in the 1950s. Gontcharova was interested not only in the mechanics of space exploration, but also in the consideration of the separation between the material and the spiritual which the idea of space encouraged.

With thanks to James Butterwick, for his assistance cataloguing this work.

 

Buyer's Premium

The buyer shall pay the hammer price together with a premium thereon of 26% up to £20,000 (31.2% inclusive of VAT), 25% from £20,001 - £500,000 (30% inclusive of VAT), 20% from £500,001 thereafter (24% inclusive of VAT). The premium price is subject to VAT at the standard rate.

VAT
VAT is not charged on the hammer price unless it is stated that there is 'VAT applicable on the hammer price at the end of the description. Buyer's premium is subject to VAT.
(ARR) - ARTIST'S RESALE RIGHT

Qualifying living artists and the descendants of artists deceased within the last 70 years are entitled to receive a re-sale royalty each time their work is bought through an auction house or art market professional.

It applies to lots with hammer value over £1,000 as follows:
0 to £50,000 - 4%
£50,000.01 to £200,000 - 3%
£200,000.01 to £350,000 - 1%
£350,000.01 to £500,000 - 0.5%
Exceeding £500,000 - 0.25%
ARR is capped at £12,500

Please note ARR is calculated in euros. Auctioneers will apply current exchange rates.

Export of goods

Buyers intending to export goods should ascertain whether an export licence is required before bidding. Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. Details can be found on the ACE website www.artscouncil.org.uk or by phoning ACE on 020 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions before bidding. The refusal of any such licences shall not permit the cancelling of any sale nor allow any delay in making full payment for the lot.

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