PROPERTY FROM A PRIVATE NEW YORK COLLECTION

Pablo Picasso (1881-1973)
Hibou (A.R. 253)
stamped and marked 'Edition Picasso / Madoura / Edition Picasso / Madoura Plein Feu' (underneath)
white earthenware ceramic pitcher with blue and white engobe and glaze
Height: 9 ¾ in. (24.8 cm.)
Conceived in 1954 and executed in an edition of 500

Artist's Resale Right ("Droit de Suite"). Artist's Resale Right Regulations 2006 apply to this lot, the buyer agrees to pay us an amount equal to the resale royalty provided for in those Regulations, and we undertake to the buyer to pay such amount to the artist's collection agent.
These lots have been imported from outside the EU for sale using a Temporary Import regime. Import VAT is payable (at 5%) on the Hammer price. VAT is also payable (at 20%) on the buyer’s Premium on a VAT inclusive basis. When a buyer of such a lot has registered an EU address but wishes to export the lot or complete the import into another EU country, he must advise Christie's immediately after the auction.
Please note this lot is the property of a consumer. See H1 of the Conditions of Sale.