Tuesday 15 June 2021

Lot 226

M.F. Husain (Indian, 1915-2011) Untitled, 1972, Self-portrait with falcon, ink on paper,...

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Lot 226

M.F. Husain (Indian, 1915-2011) Untitled, 1972, Self-portrait with falcon, ink on paper,...

Price Realised: £2,210

Estimate: £1,000 - £2,000

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

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Lot 226

Description

M.F. Husain (Indian, 1915-2011) Untitled, 1972, Self-portrait with falcon, ink on paper, Tehran series, signed and dated lower left '72, Tehran, VII', 50cm x 35cm.

 

Provenance:Private collection, UK; from a collection of works on paper gifted to the vendors by the artist when he visited them from the mid-1970s until the 1980s.

 

The building in the background is the Azadi Tower, Tehran, Iran. The Azadi Tower or Freedom Tower formerly known as the Shahyad Tower or Shah's Memorial Tower, is a monument located on Azadi Square in Tehran, Iran. It is one of the landmarks of Tehran, marking the west entrance to the city, and is part of the Azadi Cultural Complex, which also includes an underground museum.

 

The tower is about 45 metres tall and is completely clad in cut marble. It was commissioned by Mohammad Reza Pahlavi, the last Shah of Iran, to mark the 2,500th year of the foundation of the Imperial State of Iran and completed in 1971. After winning a competition, architect Hossein Amanat was tasked to design the tower. His ideas were based upon classical and post-classical Iranian architecture, popular influences on art in the 1960s following the White Revolution. Iran's increasing wealth sparked modernization programs and sent the art industry into a renaissance-like period.

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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