Friday 28 April 2023

Lot 203

Shanti Panchal (Indian, b. 1951) Shakti signed and dated in devanagiri upper left, further...

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Lot 203

Shanti Panchal (Indian, b. 1951)
Shakti
signed and dated in devanagiri upper left, further...

Price Realised: £1,170

Estimate: £700 - £900

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

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Lot 203

Description

Shanti Panchal (Indian, b. 1951)

Shakti

signed and dated in devanagiri upper left, further signed in devanagiri and 'Shanti Panchal' to the verso

watercolour on paper

framed and glazed, executed in 2006

36x26 cm (ARR)

Provenance: Acquired by the vendor directly from the artist in 2006.

Shanti Panchal was born in Mesar, Gujarat, India, and studied at the Sir Jamsetjee Jeejebhoy School of Art in Bombay. He moved to London in 1978 to study at the Byam Shaw School of Art in London, after being awarded a British Council Scholarship. During these years, Panchal had widely travelled around Europe, where he had the chance to observe works by El Greco, William Blake and De Chirico amongst others.

'Watercolour paintings were too limited to pretty flowers and sweet landscapes. It was a very frustrating experience. I was not prepared to accept the conventional limits of the medium' recounts the painter in an interview given to Art Review in 1998. This is when Panchal started his experiments with watercolours that gave life to works influenced by western and eastern tradition together in a completely new manner. His Padabhishek series is directly influenced by Jainism, and more precisely by a spiritual event he'd witnessed himself in February 2006, in Mumbai. He then attended the 'Padabhishek of Sri Virendra Muni' where a Jain monk is initiated to the highest monastic rank. The attendees are shown as spiritually awaken by the eyes, shaven heads and sacred colours. 

Shanti Panchal is an artist-in-residence at the British Museum, London and Harris Museum, Preston since 1994.

Another painting of the same series is in the South & South Asia Collection of the V&A.

https://collections.vam.ac.uk/item/O1486624/the-jain-monks-painting-panchal-shanti/

 

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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