Saturday 6 January 2018

Lot 258

Manisha Parekh, Indian b.1939- Cocooned, 2005; layers of handmade paper on board, inscribed,...

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Lot 258

Manisha Parekh, Indian b.1939- Cocooned, 2005; layers of handmade paper on board, inscribed,...

Price Realised: £650

Estimate: £700 - £1,000

Price realised is hammer price plus fees (30% Buyers Premium inclusive of VAT).

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Lot 258

Description

Manisha Parekh, Indian b.1939- Cocooned, 2005; layers of handmade paper on board, inscribed, signed and dated '05 on the reverse, 51x51cm

 

Provenance: Osborne Samuel, London according to the label attached to the reverse: Anglo American Corporate Collection

 

Note: Manu Parekh completed his Diploma in Drawing & Painting from Sir J J School of Art, Mumbai in 1962. He has had solo exhibitions at the Everest Gallery, Kolkata; Tao Art Gallery, Mumbai; Dhoomimal Art Gallery, New Delhi; Birla Academy of Art & Culture, Kolkata; Jehangir Art Gallery, Mumbai; Small Drawings, Village Gallery, New Delhi; 'Banaras Landscapes', Cymroza Gallery, Mumbai; Small Drawings, Sophia Duchesne Art Gallery, Mumbai; 'Benares Landscapes', Vadehra Art Gallery, New Delhi; Exhibition of 25 years of work sponsored by Seagull Foundation, New Delhi, Kolkata, Mumbai; Vadehra Art Gallery, New Delhi; 'Still Lives', sponsored by Seagull Foundation, Mumbai, New Delhi, Kolkata, Baroda; Bose-Pacia Gallery, New York; ARKS Gallery, London. He is represented in several private and public collections in India and abroad. He lives and works in New Delhi.

Buyer's Premium

The buyer shall pay the hammer price together with a premium thereon of 26% up to £20,000 (31.2% inclusive of VAT), 25% from £20,001 - £500,000 (30% inclusive of VAT), 20% from £500,001 thereafter (24% inclusive of VAT). The premium price is subject to VAT at the standard rate.

VAT
VAT is not charged on the hammer price unless it is stated that there is 'VAT applicable on the hammer price at the end of the description. Buyer's premium is subject to VAT.
(ARR) - ARTIST'S RESALE RIGHT

Qualifying living artists and the descendants of artists deceased within the last 70 years are entitled to receive a re-sale royalty each time their work is bought through an auction house or art market professional.

It applies to lots with hammer value over £1,000 as follows:
0 to £50,000 - 4%
£50,000.01 to £200,000 - 3%
£200,000.01 to £350,000 - 1%
£350,000.01 to £500,000 - 0.5%
Exceeding £500,000 - 0.25%
ARR is capped at £12,500

Please note ARR is calculated in euros. Auctioneers will apply current exchange rates.

Export of goods

Buyers intending to export goods should ascertain whether an export licence is required before bidding. Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. Details can be found on the ACE website www.artscouncil.org.uk or by phoning ACE on 020 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions before bidding. The refusal of any such licences shall not permit the cancelling of any sale nor allow any delay in making full payment for the lot.

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