NICOLAS PARTY (B. 1980) - photo 1
NICOLAS PARTY (B. 1980) - photo 2
NICOLAS PARTY (B. 1980) - photo 3

NICOLAS PARTY (B. 1980)

Lot 316
29.05.2023 17:00UTC +08:00
Classic
Sold
HKD 16 710 000
AuctioneerCHRISTIE'S
Event locationHong Kong, Hong Kong
Archive
The auction is completed. No bids can be placed anymore.
Archive
ID 965932
Lot 316 | NICOLAS PARTY (B. 1980)
Estimate value
HKD 11 000 000 – 18 000 000
NICOLAS PARTY (B. 1980)
Rocks
soft pastel on canvas
155 x 125.5 cm. (61 x 49 3/8 in.)
NICOLAS PARTY
Painted in 2014



Provenance

The Modern Institute, Glasgow

Private collection

Hauser & Wirth, New York

Acquired from the above by the present owner



Literature

T. Melick, R. Morrill (eds.), Vitamin P3. New Perspectives in Painting, Phaidon Press, London, 2019 (illustrated p. 248).

S. Aquin, S. Banz, A. Subotnick, M. Hyde, Nicolas Party, Phaidon Press, London, 2021 (illustrated, p. 32-33).



Exhibited

Paris, Centre culturel suisse, Nicolas Party: Pastel et nu, January – February 2015.

Glasgow, Inverleith House, Royal Botanic Garden Edinburgh, Nicolas Party: Boys and Pastel, May – June 2015.



Special notice


On occasion, Christie's has a direct financial interest in lots consigned for sale which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. This is such a lot. This indicates both in cases where Christie's holds the financial interest on its own, and in cases where Christie's has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful.
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. Lots which are subject to a third party guarantee arrangement are identified in the catalogue.
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.
Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. However, for the avoidance of any doubt, if you are advised by or bidding through an agent on a lot identified as being subject to a third party guarantee you should always ask your agent to confirm whether or not he or she has a financial interest in relation to the lot.
Artist:Nicolas Party (1980)
Place of origin:Western Europe, Europe, Switzerland
Auction house category:Paintings
Address of auction CHRISTIE'S
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Hong Kong
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29.05.2023 – 29.05.2023
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