Thursday 23 November 2023

Lot 457

Damien Hirst,British b. 1965- Lady's hand prints 9232, The Currency, 2016; unique enamel on handmade...

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Lot 457

Damien Hirst,
British b. 1965-
Lady's hand prints 9232, The Currency, 2016;
unique enamel on handmade...

Price Realised: £10,496

Estimate: £8,000 - £12,000

Price realised is hammer price plus fees (31.2% Buyers Premium inclusive of VAT).

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Lot 457

Description

Damien Hirst,
British b. 1965-

Lady's hand prints 9232, The Currency, 2016;

unique enamel on handmade paper from an original edition of 10,000, with 5,149 remaining,
signed, titled, dated and numbered 9232, in its original presentation box and HENI card sleeve,
21 x 29.7 cm,
(unframed)
(ARR)

Note: Hirst aimed to challenge the concept of value through money and art, forcing buyers of his NFT project The Currency to decide between owning the physical artwork or the digital token connected to it.

The project consisted of 10,000 unique NFT's that were each associated with corresponding artworks the British artist made in 2016. No two colours used in the artworks are the same, and each is stamped by the artist with a microdot and a hologram of Hirst's visage.

Hirst announced that his collectors would have to make a choice between the physical artwork and its digital version; asking them, in effect, to vote for which had more lasting value.




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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