Thursday 8 December 2022
Basil Rákóczi, British/French 1908-1979 - The Island, 1962; oil on canvas, signed...
View MoreLot 128
Description
Basil Rákóczi,
British/French 1908-1979 -
The Island, 1962;
oil on canvas, signed lower left 'Rákóczi' and signed, titled, dated and numbered on the reverse 'B.Rákóczi The Island '62 No. 2968', 53.5 x 64.5 cm (ARR)
Provenance: the Estate of the Artist
Note: The Island looks at the Breton myth of the sunken island of Ys. This story also inspired Dubussys La cathédrale engloutie and paintings by Ceri Richards and Ithell Colquhoun.
Basil Rákóczi (19081979) and his partner, Kenneth Hall (19131946), founded The White Stag Group of modernist artists in 1935. Influenced by Surrealism and founded in London, they moved to Ireland in late 1939, following the start of the Second World War. There the Group flourished, gaining both local and continental members, including Nano Reid and Patrick Scott. Rakoczi and Halls work brought a modernism to Dublin and they gained a sizeable and positive reputation for their work, which focused on psychological states and esoteric myth and symbols.
Instrumental to both artists careers, was the influential dealer Lucy Wertheim, who ran a celebrated gallery in Mayfair during the 1930s, one of the spaces focused on young artists working in a Modern idiom. Wertheim promoted major figures such as Barbara Hepworth, Christopher Wood, Frances Hodgkins and Henry Moore at an early age, but she is perhaps most known for her support of a diverse group of lesser known artists, many of whom worked in either expressionistic or faux-naïve styles.
An exhibition of Wertheims legacy 'A Life in Art & Reuniting the Twenties Group' has recently been on display at Towner Eastbourne, UK, including works by both Hall and Rákóczi.
Fees & VAT
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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