PABLO PICASSO (1881-1973)
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Description
TERMS OF AUTHENTICITY: The Seller and John McInnis Auctioneers, LLC believe this painting, Lot 384, in our June 26th Fine Art Auction as described in the auction catalog and is thought to be a maquette, or study, for the full scale curtain “Le Tricorne” currently on display at the New York Historical Society. This painting is a unique work of art, and is explicitly understood and warrantied to not be a print, lithograph or any such multiple works, but rather a unique mixed media on paper by Pablo Picasso with provenance of ownership dating back to the 1920’s. The auction house understands that a Buyer may want the opportunity to have the painting authenticated by THE CLAUDE PICASSO ADMINSTRATION and committee prior to completion of the transaction. Accordingly, the Buyer shall have a minimum of (120) days and up to an extended time of an additional (240) days once a plan is agreed upon by the buyer and the auction house for the authentication, following payment of the full purchase price to the auctioneer to be held in escrow. We fully understand that the Covid situation may affect the turn around and we will work with the purchaser on an agreed time frame to have this work authenticated. The Buyer assumes all costs associated with the authentication and shipping of this painting to and from The Claude Picasso Administration. If the verdict of the qualified experts at The Claude Picasso Administration is that the painting is not authentic, an acceptable written evidence of such decision, together with the painting in the same condition as it was when released for authentication, are presented to the auctioneer within the required time, the Buyer's purchase price shall be 100% refunded. Regardless of any escrow agreement between the consignor and John McInnis Auctioneers, LLC, the auction house agrees herein will be explicitly liable for 100% of the hammer price plus buyer’s premium to the buyer in the event that the lot does not receive a positive verdict from the Claude Picasso Administration that the work is an original and authentic and unique work painted by the hand of the Pablo Picasso. Receiving a verdict of authenticity from the Claude Picasso Authentication Administration will absolve John McInnis Auctioneers, LLC and the consignor of this work of any further liability regarding their warranty of authenticity.
Condition
Buyer's Premium
- 24%