Wednesday 27 November 2024

Lot 170

Mervyn Peake, British 1911-1968 - Portrait of Ithell Colquhoun, 1939; ink on paper, inscribed by...

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Lot 170

Mervyn Peake, 
British 1911-1968 - 
Portrait of Ithell Colquhoun, 1939; 
ink on paper, inscribed by...

Price Realised: £1,574

Estimate: £1,200 - £1,800

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

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Lot 170

Description

Mervyn Peake, 
British 1911-1968 - 

Portrait of Ithell Colquhoun, 1939; 

ink on paper, inscribed by Ithell Colquhoun 'By Mervyn Peake 1939', 30.3 x 19 cm (ARR) 

Provenance: 
Ithell Colquhoun (1906-1988); 
private collection 

Note: 
Dr. Richard Shillitoe, author of 'Ithell Colquhoun: Magician Born of Nature, 2010', has confirmed that the writing is by Ithell Colquhoun. There is another portrait of Ithell Colquhoun from 1939 that was sold at Christie's on the 27th March 2003, which can be seen here and was reproduced in Peake Studies Volume 4 (published 1994-6). 

One of the most singular and visionary artists of the 20th century, Peake is known as the creator of the Gormenghast trilogy. 

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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