SOLD
7,000.00USD+ (1,575.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2007 Jun 03 @ 20:49UTC-8 : PST/AKDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
Artist Name: Luis Feito Lopez
Manufacturer:
Description: Untitled (Abstract)
Circa: circa 1954
Medium: Watercolor and gouache on paper
Signature?: <Br>Measurements: 13" x 19.5"<Br>Edition:
Notes:
Literature/Provenance:
Auction Location:
Pacific Design Center - Suite B229, West Hollywood, California, United States
Previewing Details:
May 30 thru June 2nd
10-6pm
Taxes:
| Tax | Rate | Desc. |
| CA |
8.25% |
State Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
22.5% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
Accepted Payment Methods:
- VISA
- Money Order/Bank Draft
- PayPal
- See Payment Details
<p>Payment
All sales are final. All sold lots are to be paid for on the day of the sale. For LIVE bidders we accept Visa and MasterCard, bank wire transfers and checks. For ONLINE bidders we accept PayPal (with a 2.5% processing fee on your total purchase), checks (subject to clearance before release) and bank wires. PLEASE NOTE: Credit card payments are accepted only in person and will not be accepted over the phone. All payments made by personal checks will be subject to clearance before purchases can be collected. Buyers who have not purchased from Modern Auctions, Inc. (dba: Los Angeles Modern Auctions) previously are asked to provide a method of payment and/or letter of reference from a bank or creditor prior to the auction. If payment is not received within this time, collection & storage fees will begin incurring promptly on June 19th.</p>
<p>Buyer’s Premium
The buyer's premium is 22.5% will be added to the hammer price on all property sold. The buyer's premium is added to the hammer price on all lots sold regardless of payment. PLEASE NOTE: Non eBay bidders have a reduced buyer’s premium of 20%.</p>
<p>California Sales Tax
Sales tax of 8.25% will be collected on all purchases picked up or delivered within the state of California. Those holding a valid California State Resale License must register before EACH sale and present their valid resale number. No purchases will be released until all sales tax requirements are satisfied. </p>
<p>Estimates & Reserves
The estimates printed after each lot should be used as a guide only and should not be relied upon as a prediction of final selling prices. Many of the lots offered for sale do not carry reserves. A reserve is a price which the seller has been guaranteed. All reserves are confidential. </p>
<p>Condition
EVERYTHING IS SOLD IN “AS-IS” CONDITION. No statement regarding condition of any item, whether it is made orally at the auction or at any other time or in writing in this catalogue shall be deemed to be a warranty, representation or assumption of liability. It is the sole responsibility of the buyer to inspect all goods prior to the sale. All electrical items are sold for decorative value only and should be assumed not to be working. All measurements are approximate. All images are pictured in detail on our website at www.lamodern.com. </p>
<p>Collection and Storage
All lots must be removed from the Gallery by 12:00 pm on June 20th. We will have an independent/3rd party shipper on site during the preview to assist you in shipping quotes. All property remaining after June 20th will be removed and stored in an offsite storage facility at the cost of the buyer. Purchases not removed by June 20th will be assessed a removal fee of $15 per lot, and daily storage fees of $15 per day per lot. Items in storage are not insured. Unless other arrangements are made and confirmed in writing; shipping, packing, insurance, and storage concerns are the sole responsibility of the buyer. A list of shippers can be provided upon request. </p>
<p>Bidding
We encourage you to attend the sale in person; however, if you can not we offer an absentee or phone bidding service. To do so, fill out and submit an Absentee/Phone bid form. {To obtain a form please call (323) 904-1950 or go to our website}. To request to bid by phone, please write “phones” in the far right column. We will not execute your absentee or phone bid order unless a signed and completed Absentee/Phone bid form is received. All Absentee/Phone bid forms must be received by Saturday, June 17th by 5:00 p.m. via fax to (323) 904-1954. We encourage you to call after faxing to confirm we have received your bid. We kindly ask that you do not call on the day of the sale to submit bids or to see if your bids were successful. All successful absentee bids should be notified by phone by June 19th. In addition, the auction prices realized will be posted the day after the sale on our website. </p>
<p>Absentee/Phone bids are on a first come first serve basis; thus, we encourage you to submit your form ASAP. If identical absentee bids are submitted, the earliest received will take precedence. The number of phone lines available are limited so please submit your phone requests early. On all absentee/phone bid forms, please leave a valid credit card number with expiration date; a deposit of 25% may be required for all absentee and phone bids. Please note that we only accept credit card payments in person. For those absentee/phone bidders who can not come in personally to pay, we will only accept either a certified check or wire transfer as a method of payment (see “Payment” notice). The party responsible for submitting the absentee or phone bid is solely responsible for the payment in full of the total invoice. We will not make any changes to an invoice. </p>
<p>Should a dispute arise after the sale, our sale records are conclusive. We are not responsible for failure to execute a bid and have the right to reject any bid. We reserve the right to withdraw any property before the sale and shall have no liability whatsoever for such withdrawal. Should an item be withdrawn, the auctioneer will make an announcement at the time the lot would have been put up for sale. In addition, the auctioneer may add lots not previously listed in the catalogue or addendum. </p>
<p>If the buyer does not comply with all of the notices to buyers, Modern Auctions, Inc, reserves the right to cancel the sale, hold the defaulting buyer liable for the purchase price and buyer’s premium, retain any deposit, and resell the property privately or at auction without further notice. In the latter, the defaulting buyer will be held responsible for all incurred expenses, such as warehouse and transportation costs, commissions, incidentals, and shall be liable for payment of any deficiency in the purchase price. This is strictly enforced. We reserve the right to assess a late charge of 1.5% of the total purchase price per month is payment is not made in accordance with any of these conditions of sale. </p>
<p>Guarantee
The authenticity of every item offered for sale is guaranteed. Modern Auctions, Inc. warrants only the authorship of an item (as printed in the auction catalogue in bold type) and does not guarantee the condition, age, or any identifying characteristic used by Modern Auctions, Inc,. in any descriptions such as color, method of construction, and type of materials. Any lot using the terms “attributed”, “attribution,” “in the style of,” “in the manner of,” or “after” does not qualify for our guarantee. In addition, the buyer assumes responsibility of reading all addendums and posted corrections to the catalogue prior to bidding.</p>
<p>Should the authenticity of an item be disputed after a sale, it is the buyer’s responsibility to provide written documentation or conclusive opinion of a mutually agreed upon independent expert that the item in question is not as stated in the catalogue. In the event of an error, Modern Auctions, Inc. will reimburse the buyer for no more than the hammer price plus the buyer’s premium and only after the item is returned to the original point of sale in the condition in which it was sold. Taxes, packing, shipping and storage costs will not be reimbursed. </p>
<p>Rights to Photographs
It is important to note that the images printed in this catalogue are considered intellectual property and may be copyrighted. Buyers of vintage prints do not acquire the rights to reproduce the images in any form. </p>
<p>All images and text contained in this catalogue are the sole property of Modern Auctions, Inc. and may not be sued or reproduced in any medium without the expressed written consent of Modern Auctions, Inc.</p>