Wednesday 1 December 2021

Lot 174

Sol LeWitt, American 1928-2007-     Lines and Gradations of Lines, 1971;  

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Lot 174

Sol LeWitt,
American 1928-2007-
 
 
Lines and Gradations of Lines, 1971;
 

Price Realised: £6,825

Estimate: £6,000 - £8,000

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

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Lot 174

Description

Sol LeWitt,
American 1928-2007-

 

 

Lines and Gradations of Lines, 1971;

 

pencil on card, signed and dated 1971 lower right, 15.5x15.cm (unframed)

 

Provenance: Gifted to David Mann by the artist.

 

Note: In 1971 David Mann was employed to paint the lines on the wall of Lisson Gallery for Sol LeWitt's exhibition, this piece is the instructions given to Mann by LeWitt. Accompanied with this lot is a copy of their correspondence.

 

Between 1968 and his death in 2007, LeWitt created more than 1,270 wall drawings. The wall drawings, executed on-site, generally exist for the duration of an exhibition; they are then destroyed, giving the work in its physical form an ephemeral quality. They can be installed, removed, and then reinstalled in another location, as many times as required for exhibition purposes. When transferred to another location, the number of walls can change only by ensuring that the proportions of the original diagram are retained.

 

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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