Lot 22
Lot 22
Richard Prince (b. 1949)

Untitled (de Kooning)

Price Realised USD 795,000
Estimate
USD 600,000 - USD 800,000
Closed: 12 Jun 2020
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Richard Prince (b. 1949)

Untitled (de Kooning)

Price Realised USD 795,000
Closed: 12 Jun 2020
Price Realised USD 795,000
Closed: 12 Jun 2020
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Details
Richard Prince (b. 1949)
Untitled (de Kooning)
acrylic and inkjet on canvas
86 ¼ x 118 in. (219.1 x 299.7 cm.)
Painted in 2007.
Provenance
Gladstone Gallery, New York
Private collection, New York
Acquired from the above by the present owner
Special notice
From time to time, Christie's may offer a lot which it owns in whole or in part. This is such a lot.
On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. Where Christie's has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie's therefore sometimes chooses to share that risk with a third party. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. The third party is therefore committed to bidding on the lot and, even if there are no other bids, buying the lot at the level of the written bid unless there are any higher bids. In doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

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Brought to you by
Paola Saracino Fendi
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