Tuesday 14 March 2023

Lot 431

Julian Opie, British b.1958 - F, 1987; glass, aluminium, stainless steel, foam, pvc, wood, H182.5 x...

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Lot 431

Julian Opie,
British b.1958 - 
F, 1987; 
glass, aluminium, stainless steel, foam, pvc, wood, H182.5 x...

Price Realised: £3,250

Estimate: £3,000 - £5,000

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

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Lot 431

Description

Julian Opie,
British b.1958 - 

F, 1987; 

glass, aluminium, stainless steel, foam, pvc, wood, H182.5 x W80 x D67 cm (ARR) (VAT Charged on the Hammer Price) 

Provenance:
The Saatchi Collection; 
Saatchi & Saatchi, London 

Exhibited: 
Lisson Gallery, London, 'Julian Opie', 22th February - 26th March 1988 

Literature: 
Alistair Hicks, 'New British Art in the Saatchi Collection', Thames and Hudson 1989, London, p.149; 
Mary Horlock, 'Julian Opie', Tate Publishing, 2004, illus. p.32 

Note: 
The collection of Saatchi & Saatchi, London, features works from the 1980s by important British artists of the era, including Julian Opie, Stephen Buckley, Grenville Davey and Bill Woodrow. Woodrow and Opie were central figures associated with the so-called ‘New British Sculpture’ of the 1980s. 

The 4 early works for sale by Opie employ industrial processes and materials to create coolly abstract works that play on domestic forms, from car bonnets to industrial fridges, but removed from their functional use. Many of these works were featured in an important early touring museum show of the artist’s work at the Hayward Gallery, London and the Kunstverein, Hanover, that ran from 1993-1994. 

 

 

 

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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