![]() ![]() In doing so, the third party takes on all or part of the risk of the lot not being sold. 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 such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. Christie's therefore sometimes chooses to share that risk with a third party. 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. This is known as a minimum price guarantee. 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. On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. New York, Whitney Museum of American Art, Jasper Johns: Mind/Mirror, September 2021-February 2022, p. Seattle, Experience Music Project, DoubleTake: From Monet to Lichtenstein, April 2006-January 2007, pp. Philadelphia, Museum of American Art of the Pennsylvania Academy of the Fine Arts, Pop Abstraction, February-April 1998 (dated 1963/1978). Houston, Menil Collection and Leeds City Art Gallery, Jasper Johns: The Sculptures, February-June 1996, p. Sydney, Art Gallery of New South Wales South Brisbane, Queensland Art Gallery Melbourne, National Gallery of Victoria and Houston, Menil Collection, Pop Art, 1955-1970, February-August 1985, p. Philadelphia, Institute of Contemporary Art, University of Pennsylvania, Grids, January-March 1972 (dated 1963-1969).Īkron Art Institute, Grids: Format and Image in 20th Century Art, March-May 1979 (illustrated dated 1963-1978).Ītlanta, Heath Gallery, Out of the South: An Exhibition of Work by Artists Born in the South, October 1982, p. Vancouver Art Gallery Regina, Norman Mackenzie Art Gallery and Montreal, Musée d'Art Contemporain, New York 13, January-July 1969 (titled Aluminum Numbers and dated 1969). ![]()
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