Tuesday 25 May 2021

Lot 48

Ian Davenport, British b.1966 - 21, 2014; acrylic and water-based paints on...

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Lot 48

Ian Davenport,
British b.1966 -
21, 2014;
acrylic and water-based paints on...

Price Realised: £4,940

Estimate: £4,000 - £6,000

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

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Lot 48

Description

Ian Davenport,

British b.1966 -

21, 2014;

acrylic and water-based paints on Fabriano Aristico paper, signed, dated and numbered verso 'I Davenport 2014 21/30', 31 x 27 cm (ARR)

Provenance: Waddington Custot, London, where purchased by the present owner.

This work is by the English painter Ian Davenport, who attended Goldsmiths College alongside classmates Damien Hirst, Sarah Lucas and Gary Hume. His work was also included in Freeze, a 1988 exhibition curated by Hirst which featured the artworks of a number of artists who would later be classed as the Young British Artists (YBA). This work demonstrates Davenports signature style, which involves the application of bright pigments in large-scale vertical lines, leading commentators to compare his work with that of Bridget Riley, another influential contemporary British artist.

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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