NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2002 May 14 @ 07:00UTC-08:00 : PST/AKDT
WILLEM DE KOONING (1904-1997) UNTITLED signed "de Kooning" lower left oil on newspaper laid down on board 229/16 x 2813/16 in. (57.3 x 70.6 cm) painted in 1964 ESTIMATE: - $50,000-70,000 PROVENANCE Acquired directly from the artist Private collection, CALIFORNIA (acquired from the above by descent)
Auction Location:
United States
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Conditions of sale applicable to buyers
1 BUYERS PREMIUM WILL BE CHARGED AT 15% ON THE FIRST CHF 70,000 OF THE HAMMER PRICE OF EACH LOT, AND AT 10% THEREAFTER. FOR LOTS MARKED WITH THE SYMBOL () IN THE CATALOGUE, THE BUYER HAS TO PAY SWISS VALUE ADDED TAX (VAT) AT 7.6% ONLY ON THE BUYERS PREMIUM, NOT ON THE HAMMER PRICE. FOR LOTS WITHOUT THE SYMBOL (), VAT OF 7.6% IS APPLICABLE ON THE HAMMER PRICE AND THE BUYERS PREMIUM. This VAT is refundable to non-Swiss resident buyers who, within 30 days following the sale, present to PHILLIPS, de PURY & LUXEMBOURG LIMITED (hereinafter PHILLIPS) the export declaration, duly stamped by Swiss customs, proving that the goods have left Switzerland. Non-stamped declarations are invalid.
2 Every lot is sold with all faults and errors of description and PHILLIPS disclaim, for themselves and for the vendors, all responsibility, in particular for authenticity, age, origin, condition or quality. Any statement, whether contained in the catalogue or expressed orally, is considered a statement of opinion only and not a statement of fact. PHILLIPS GIVES NO EXPRESS OR IMPLIED GUARANTEES OR WARRANTIES. Purchasers are deemed to have satisfied themselves on authenticity, condition, etc., before bidding.
3 The Auctioneer has absolute discretion to divide any lot, to combine two or more lots, to withdraw any lots, to refuse bids, and to regulate the bidding. He may bid on the vendor’s behalf for all goods which are being offered subject to a reserve or at the Auctioneer’s discretion.
4 The highest bidder shall be the buyer. In case of disagreement the lot or lots will immediately be reoffered by the Auctioneer. No claim will be accepted once the adjudication has been given.
5 When the reserve price has not been reached, the lot will be passed at the fall of the hammer.
6 Bids from clients unknown to PHILLIPS, the Auctioneer, or the Stadtammann of Zurich might not be accepted unless accompanied by a full cash deposit, or a bank reference, which must arrive in good time to be taken up before the sale at PHILLIPS, Kreuzstrasse 54, 8008 Zurich, Switzerland. The Auctioneer retains full authority to refuse these bids.
7 PHILLIPS requires that all prospective buyers use a bidding number in place of their names.
8 Persons not present at the sale may leave their bids with the Auctioneer or the Stadtammann of Zurich. The prices on these bidding forms will be treated as maximum hammer price, excluding premium or taxes. Alterations to these forms can only be accepted in writing up to the evening preceding the sale.
9 Payment can be made in cash, by bank cheque or by wire transfer. Cash payments must be made in Swiss Francs. PHILLIPS reserves the right to refuse immediate clearance of goods when paid for by wiretransfer or by cheque, whether drawn on a Swiss or foreign bank.
10 Payment of the purchase price is due within seven days after sale. Interest of 1.5% (expenses included) per month on the purchase price will be charged if payment is not received within these seven days. PHILLIPS reserves the right to resell unpaid items after the period of seven days by auction or privately without notice to the buyer. In this event PHILLIPS may claim from the defaulter damages including all loss arising from any resale of the lot together with the charges and expenses in respect of both sales. Any money deposited in part payment shall be held by PHILLIPS against the defaulter’s liability.
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13 Any person causing damage to an item will be held legally responsible.
14 Notice of all forthcoming Auction Sales will appear in “La Feuille d’Avis Officielle”/ “Schweizerisches Handelsamtsblatt” and all interested parties are welcome to consult the Conditions of Sale at this time.
15 Any dispute concerning the auction/sale shall be governed by Swiss law and settled by the ORDINARY COURTS IN ZURICH.
16 The auction takes place under the supervision of the Stadtammannamt Zurich. The Canton and City of Zurich and particularly the Stadtammannamt Zurich bear no liability for the decisions taken by the auctioneer.