Tuesday 12 September 2023

Lot 42

Russell Sidney Reeve, British 1895-1970 - A Minho Farm, 1937; watercolour and pencil on paper,...

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Lot 42

Russell Sidney Reeve,
British 1895-1970 - 
A Minho Farm, 1937;
watercolour and pencil on paper,...

Price Realised: £182

Estimate: £200 - £300

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

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Lot 42


Russell Sidney Reeve,
British 1895-1970 - 

A Minho Farm, 1937;

watercolour and pencil on paper, signed, titled and dated lower right 'Russel Reeve a minho farm 1937', 26.4 x 37.2 cm: together with another watercolour on paper by the same, 'Still life', signed lower right and with artist's label with details of a different work attached to the reverse of the frame, 48.5 x 37 cm (2) 

numbered on a label attached to the reverse 'RR-F-031441' 

Reeve studied at the Slade under Philip Wilson Steer and Henry Tonks, who purportedly described him as the best draughtsman at the school since Augustus John. a number of his works are now in public collections, including UCLA  Art Museum, the British Museum and the V & A. In 1993, his work was the subject of an exhibition at Ipswich Borough Council Museums and Galleries, which featured an introductory essay by Sir Eduardo Paolozzi. 

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 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.

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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