JONAS WOOD (B. 1977)

Lot 94
28.05.2023 19:00UTC +08:00
Classic
Sold
HKD 17 920 000
AuctioneerCHRISTIE'S
Event locationHong Kong, Hong Kong
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The auction is completed. No bids can be placed anymore.
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ID 966374
Lot 94 | JONAS WOOD (B. 1977)
Estimate value
HKD 12 500 000 – 18 500 000
JONAS WOOD (B. 1977)
M.S.F. Fish Pot #7
signed with the artist's initials, titled and dated ‘JBRW 2016 M.S.F. FISH POT #7’ (on the reverse)
oil and acrylic on canvas
182.8 x 182.8 cm. (72 x 72 in.)
JONAS WOOD
Painted in 2016



Provenance

Gagosian Gallery, New York

Private Collection, Asia (acquired from the above by the previous owner)

Christie’s Hong Kong, 10 July 2020, lot 5

Acquired at the above sale by the present owner



Exhibited

New York, Gagosian Gallery, Jonas Wood, April–July 2019.



Special notice


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. This is such a lot.
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 who agrees prior to the auction to place an irrevocable written bid on the lot. If there are no other higher bids, the third party commits to buy the lot at the level of their irrevocable written bid. In doing so, the third party takes on all or part of the risk of the lot not being sold. Christie's compensates the third party in exchange for accepting this risk provided that the third party is not the successful bidder. The remuneration to the third party may either be based on a fixed fee or an amount calculated against the final hammer price. The third party may also bid for the lot above the irrevocable written bid. Where the third party is the successful bidder, the third party is required to pay the hammer price and the buyer's premium in full.
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