Tuesday 11 June 2024

Lot 310

Errol Lloyd, Jamaican/British b.1943 - Portrait of a woman, 1970; oil on board, signed and dated...

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Lot 310

Errol Lloyd, 
Jamaican/British b.1943 - 
Portrait of a woman, 1970; 
oil on board, signed and dated...

Price Realised: £1,115

Estimate: £400 - £600

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

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Lot 310

Description

Errol Lloyd, 
Jamaican/British b.1943 - 

Portrait of a woman, 1970; 

oil on board, signed and dated lower centre 'Errol Lloyd 1970', 57.7 x 38.3 cm (ARR) 

Provenance:
the Estate of Andrew Salkey (1928-1995) 

Note:
the artist travelled to London in the 1960s to study law, where he became involved with the Caribbean Artists Movement (CAM) in 1966, alongside Salkey, Ron Moody and Aubrey Williams. Lloyd was one of the first artists in Britain to start using consciously using 'Black' imagery in their art. His work has been exhibited at the pioneering 'No Colour Bar: Black British Art in Action 1960–1990' at the Guildhall Art Gallery, 2015-16, and internationally at the Studio Museum, Harlem, the Bronx Museum of the Arts and the Caribbean Cultural Center, 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
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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