Sale 0772807
Andy Warhol @ Christie's: Studio 54
Online 26 April - 2 May 2013

Friday, February 1, 1980 “I was going to Diane von Furstenberg’s birthday party for Barry Diller. I’d invited Catherine [Guinness], and we were picking up Truman, too…We go to Diane von Furstenberg’s. Diana Ross was there, she looked great. Diana Vreeland was there, too… Richard Gere was there, and everyone was talking about the Vincent Canby putdown of American Gigolo in the Times. But he said he was cheered up because there were lines around the block, so maybe it’ll be a hit.” (A. Warhol, quoted in P. Hackett, The Andy Warhol Diaries, New York, 1989, p. 260)

During the Studio 54 years, Barry Diller was the chairman and CEO of Paramount Pictures Corporation.  Under his helm, the studio produced some of the biggest movies of the 70's and 80's including: Saturday Night Fever, Grease, Raiders of The Lost Ark and Beverly Hills Cop. Richard Gere's role in American Gigolo established him as a major Hollywood star and sex symbol.  The film featured a title track sung by fellow Studio 54 devotee Debbie Harry and would pave the way for Gere to star in several hit films in years to come. 

Additional Charge Details

Additional charges, including buyer’s premium, valued added, sales or compensating use tax or equivalent tax, any and all shipping expenses, including costs, packing and handling, any loss damage liability fees, and all other applicable charges will apply.

In addition to the hammer price (final bid price) of each lot, the winning bidder will be responsible for a buyer’s premium for each lot sold. The buyer's premium is 25% of the hammer price of each lot.

New York Sales tax or valued added tax, sales or compensating use tax of any applicable jurisdiction will be collected before the lot can be released. It is the buyer's responsibility to ascertain and pay all taxes due. For international buyers, the terms of sale are Delivered Duty Unpaid (DDU) and duty, sales tax and any other charges will be the sole responsibility of the buyer to be paid prior to shipment and/or delivery. The winning bidder will also be responsible for any and all shipping expenses, including costs, packing and handling, and any loss damage liability fees. Provided that your purchased lots are paid for in full, cleared funds by the payment deadline, Christie’s will store your lots free of charge until the relevant deadline for shipment, at which time purchases will be shipped to you at your expense and pursuant to the instructions you provide at time of payment. Christie's will provide loss damage liability for purchased lots when arrangements are made for such lots to be shipped to you at a rate of 1% (one percent) of the total purchase price.

Payment Information

Payment:
You must pay the full amount due (comprising the hammer price, buyer’s premium, any applicable value added, sales or compensating use tax or equivalent tax, any and all shipping expenses, including costs, packing and handling, any loss damage liability fees and all other applicable charges) no later than 11:59 p.m. (EST) on May 7th, 2013. This applies even if you wish to export the lot and an export license is, or may be, required. You will not acquire title and own the lot until all amounts due to Christie’s have been received by Christie’s in full, cleared funds.

Payment must be made by credit card. We will accept credit cards with a Mastercard, Visa, Discover (including Diners Club International and JCB), American Express or China Union Pay (if the China Union Pay credit card has a Visa or Mastercard logo) logo. Other methods of payment will not be accepted. Christie’s will only accept payment from the registered bidder – individual or entity. If you registered and bid as an entity in accordance with the Conditions of Sale and Terms of Use, the entity will need to pay for any purchases via a credit card issued to the entity account.

Delivery:
Provided that your purchased lots are paid for in full, cleared funds by the payment deadline, Christie’s will store your purchased lots free of charge until the relevant deadline for shipment, at which time purchases will be shipped to you at your expense and pursuant to the instructions you provided at the time of payment.
You must indicate if you wish to have your purchases shipped domestically or internationally at the time of check-out. Payment for your purchase, including any applicable charges for shipping, and a provision of your final shipping destination, must be returned to Christie’s by the payment deadline to qualify for this extended free-of-charge storage. If shipping arrangements have not been confirmed for any items sold or such items have not been paid for in full, cleared funds by the payment deadline, administration and handling fees may be charged at Christie’s full discretion. If such shipments can be facilitated, purchases will be shipped to the address you provide at check- out. Purchases cannot be delivered to P.O. boxes.

In addition to the hammer price, buyer’s premium and any applicable value added, sales or compensating use tax or equivalent tax, you will be responsible for any and all shipping expenses, including costs, packing and handling, and any loss damage liability fees, as well as other applicable charges. Christie’s will provide loss damage liability for purchased lots when arrangements are made for such lots to be shipped or delivered to you at a rate of 1% (one percent) of the total purchase price. This will be charged at check-out and will cover loss, theft, damage or breakage.

Non-payment:
If the buyer fails to make payment in full, cleared funds by the payment deadline, Christie’s will be entitled in Christie’s absolute discretion to exercise one or more of the following rights or remedies (in addition to asserting any other rights or remedies available to us by law):
(i) To charge interest at such rate as we shall reasonably decide;
(ii) To hold the defaulting buyer liable for the total amount due and to commence legal proceedings for its recovery together with interest, legal fees and costs to the fullest extent permitted under applicable law;
(iii) To cancel the sale;
(iv) To resell the property publicly or privately on such terms as Christie’s and the seller shall think fit, and the buyer shall be liable for payment of any deficiency between the total amount originally due to us and the price obtained upon resale as well as for all costs, expenses, damages, legal fees and commissions and premiums of whatever kind associated with both sales or otherwise arising from the default;
(v) To pay to the seller an amount up to the net proceeds payable in respect of the amount bid by the defaulting buyer;
(vi) To set off against any amounts which we, or Christie’s International plc, or any of its affiliates, subsidiaries or parent companies worldwide, may owe to the buyer in any other transactions, the outstanding amount remaining unpaid by the buyer;
(vii) To reject at any future auction any bids made by or on behalf of the buyer or to obtain a deposit from the buyer before accepting any bids;
(viii) To exercise all the rights and remedies of a person holding security over any property in our possession owned by the buyer, whether by way of pledge, security interest or in any other way, to the fullest extent permitted by the law of the place where such property is located. The buyer will be deemed to have granted such security to us and we may retain such property as collateral security for such buyer's obligations to us; and/or
(ix) To take such other action as we deem necessary or appropriate.

This lot is offered by Christie's Inc
The Andy Warhol Foundation for the Visual Arts. All Rights Reserved.