Wednesday 20 March 2024

Lot 424

A Dutch-engraved Silesian-stemmed shipping goblet, c.1740, the funnel bowl finely engraved with...

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Lot 424

A Dutch-engraved Silesian-stemmed shipping goblet, c.1740, the funnel bowl finely engraved with...

Price Realised: £5,510

Estimate: £2,000 - £3,000

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

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Lot 424

Description

A Dutch-engraved Silesian-stemmed shipping goblet, c.1740, the funnel bowl finely engraved with a three-masted sailing ship flying a flag inscribed VOC beneath the inscription DE OOSTINDISCHE COMPAGNIE for the Dutch East India Company, the bowl set on a flattened ball knop with tear inclusion and a Silesian hexagonal pedestal stem and folded foot, 16.8cm high

Note: This goblet is a fine example of a type of English glassware decorated with wheel-engraving by Dutch artisans, dateable to the first half of the 18th century. The stem type known as 'Silesian' is not for any direct connection with Silesia but instead so-named to honour the arrival of the Hanoverian George I to the English throne in 1714. The ship depicted, while not named as a Privateer vessel, can be associated to the Dutch East India Company by the presence of the 'VOC' insignia to the ship's flag. 

The Dutch East India Company was constituted in 1602 as a means to amalgamate the various competing Dutch companies trading in the East Indies under one monopolistic corporation, united by national interest against foreign competitors. The presence of the 'VOC' insignia on material goods, both luxury and utility, served as a reminder of both the strength and the wealth of the company. Considering the well-established Dutch ritual of drinking and toasting at the conclusion of formal affairs and business transactions, it is not surprising that wine glasses would be an ideal object to bear the mark of the company, regardless of whether the goblet was intended for practical use or as a purely symbolic object. 

A similarly shaped goblet with related East India Company engraving to the bowl was sold at Bonhams as part of the A.C. Hubbard Collection of Important English and Dutch Glass, 30 November 2011, lot 261, for £5000 (including buyer's premium). 

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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