Wednesday 29 November 2023

Lot 540

Keith Coventry, British b.1958 - Ontological Picture, 2010; oil on canvas board, signed and dated on...

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Lot 540

Keith Coventry, 
British b.1958 - 
Ontological Picture, 2010; 
oil on canvas board, signed and dated on...

Price Realised: £5,248

Estimate: £3,000 - £4,000

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

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Lot 540


Keith Coventry, 
British b.1958 - 

Ontological Picture, 2010; 

oil on canvas board, signed and dated on the reverse 'K. Coventry 2010', 20 x 14.9 cm (ARR) 

The Ontological Picture series (1996-2004) encapsulates Coventry’s desire to bring contemporary political, social and cultural issues into dialogue with key movements of twentieth-century art and philosophy. The series is closely related to his earlier Estate Paintings (1992-2000) which isolated visual elements from British council estate aerial view maps in order to resemble works of key modernist figures such as Kazimir Malevich or Piet Mondrian. For the present series, Coventry appropriated the ‘You Are Here’ arrows from the same maps and turned them into wooden models which he scattered arbitrarily across the canvas, creating the forms of the work. Coventry ironically uses the art language associated with the modernist utopian idealism that spawned these high-density housing projects to comment on the realities of contemporary city life.

Coventry is hugely respected as both an artist and curator. He co-founded and curated City Racing, an influential not-for-profit gallery in Kennington, South London from 1988 to 1998. The gallery gave valuable exposure to artists such as Sarah Lucas, Gillian Wearing and Fiona Banner. Earlier this year Pace Gallery exhibited ‘Keith Coventry: City Racing’, showing celebrated bodies of work alongside a new series. In 2010 he won the John Moores Painting Prize for his Spectrum Jesus painting. His work has been exhibited widely in the United Kingdom and Europe and is included in collections worldwide, including the British Council; Tate Modern; Arts Council of England; Walker Art Center, Minneapolis; and The Museum of Modern Art, New York.

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 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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