Tuesday 11 June 2024

Lot 346

Derrick Greaves, British 1927-2022 - The Model Resting, 1974-5; acrylic on canvas, signed, titled...

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Lot 346

Derrick Greaves, 
British 1927-2022 - 
The Model Resting, 1974-5; 
acrylic on canvas, signed, titled...

Price Realised: Unsold Lot

Estimate: £6,000 - £8,000

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

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Lot 346

Description

Derrick Greaves, 
British 1927-2022 - 

The Model Resting, 1974-5; 

acrylic on canvas, signed, titled and dated on the reverse 'Derrick Greaves The Model Resting 1974/5', 116 x 142.8 cm (ARR) 

Provenance: 
Erhard Stern (known as Edward) and thence by descent 

Note: 
the present work was made at an important time for the artist, following his acclaimed exhibition at the Whitechapel Gallery in 1973 and commercial exhibitions at Monica Kinley Gallery in London in 1973 and 1975. In an article by Mark Glazebrook (director of the Whitechapel 1969-72) written in 1967 he compared Greaves's work to Patrick Caulfield, Roy Lichenstein and Fernard Leger, emphasising the impact of Pop art on his work and in particularly the clarity of the work, avoiding any sense of expressive brushstroke. Other works from the era also focus on the female figure, such as 'Red Odalisque, 1972' and 'Nude (Grey Blanket), 1977'. Greaves's cool approach in these works offers an interesting subversion of the traditions of desire and eroticism in Western painting. 

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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