Wednesday 26 May 2021

Lot 125

Walter Feldman, American b.1925 -2017-   Untitled Abstract, 1967;   oil on...

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Lot 125

Walter Feldman,
American b.1925 -2017-
 
Untitled Abstract, 1967;
 
oil on...

Price Realised: £520

Estimate: £400 - £600

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

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Lot 125

Description

Walter Feldman,
American b.1925 -2017-

 

Untitled Abstract, 1967;

 

oil on paper, signed and dated 1967 lower left; inscribed with best wishes and good fortune Walter Feldman on the reverse, 76x56.5cm (unframed)

 

Provenance: Acquired from the artist

Note: Walter Feldman was a twentieth-century American artist who was known for his paintings, woodcuts, and larger-scale public installations of stained glass and mosaics. Feldman studied at the Yale School of Art in the 1940s under artists such as Willem de Kooning and Josef Albers. After graduating from Yale University School of Design he began teaching art at Brown University, where he became Professor of Art in 1961.

Feldmans output was informed by trips to Europe, encountering the arts of France and Italy as part of the Alice Kimball English Travelling Fellowship, which he was awarded in 1950, and working in Rome upon receiving a Senior Fulbright Scholarship in 1957. This was followed by travels to Spain, Turkey, and Israel, where he studied the production of mosaics. Feldman has won a number of prestigious awards for his artworks, including a gold medal for a self-portrait which he exhibited at Milans Mostra International, and a print prize from the Metropolitan Museum of Art in New York.

Feldmans works have been exhibited extensively since his first solo exhibition, which was held at the Artists Gallery in New York in 1953. His artworks are held in a number of significant collections across the world, including the Museum of Modern Art in New York, the Victoria and Albert Museum in London, the Yale University Art Gallery, and the Smithsonian Institution in Washington D.C.

 

 

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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