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Lot 13: Nikolai Gritsuk (Russian,1922-1976) (AR)

Est: €5,000 EUR - €7,000 EURPassed
Loudos AuctionsThessaloniki, GreeceJune 24, 2020

Item Overview

Description

Nikolai Gritsuk (Russian,1922-1976), untitled, 1974, watercolor on paper 65 x 52 cm. Provenance: George Costakis Collection. Nikolai Gritsuk was born in the small village of Preobrazhenka in 1922. Seriously injured in the fighting in Austria in 1945, he nonetheless successfully completed his studies at the Fine Art department of the Moscow Textile Institute. He returned to his native Siberia, this time to Novosibirsk, in 1953. Initially, Gritsuk painted from nature but, over time, he became more inspired by the abstract form and this became the basis of his work. His preoccupation with overcoming seclusion stems from his geographical remoteness, combined with his artistic isolation as one of the few abstract painters of the 1960s in the USSR. Provenance: George Costakis Collection

Artist or Maker

Provenance

George Costakis Collection, Athens, Greece

Payment & Shipping

Accepted forms of payment: Wire Transfer

Shipping

1. We offer a tracked shipping service for all items via post or courier.

2. Larger items be subject to additional fees and may be shipped via cargo services.

3. We can send you a shipping quote and proposed shipping methods.

4. Lots with an estimate of over 5000€ are packed and shipped by a fine art transporter at the expense of the buyer, while we can offer free packing service for lots up to 5000€ if requested, but we do not accept responsibility should the item be damaged in transit.

Auction Details

Fine Art, Antiques, Jewellery & Watches

by
Loudos Auctions
June 24, 2020, 04:00 PM EET

2 Dimokritou Str, Kalamaria, Thessaloniki, Thessaloniki, 55132, GR

Terms

Buyer's Premium

17.0%

Bidding Increments

From:To:Increment:
€0€99€10
€100€499€20
€500€999€50
€1,000€1,999€100
€2,000€3,199€200
€3,200€3,799€300
€3,800€4,199€200
€4,200€4,799€300
€4,800€4,999€200
€5,000€9,999€500
€10,000+€1,000

Terms & Conditions of the Auction

1. By participating in the auction, the Buyer accepts the terms and conditions of the auction set forth without reservation.
2. The Auctioneer always acts on behalf of the seller. The Auctioneer directs and decides on the consecutive biddings for each lot, has the right to refuse bids smaller or higher than those he proposed by him.
3. The Auctioneer at his discretion has the right to refuse entry or participation in the auction of any individual as well as the right to withdraw from the auction at any time any lot.
4. A Buyer is considered to be the bidder who accepts the highest price offered by the Auctioneer and to whom the Auctioneer close the lot on.
5. Each work is sold "as is". The Auctioneer and his associates bear no responsibility for any possible defects, imperfections, damages or wear and tear on a work.
6. Each work is considered in good faith by the Auctioneer to be the property and ownership of the seller, who in turn guarantees that the work is free from any legal claim or demands by others.
7. The works can be collected once payment in full is The buyer is required to settle his account and collect his purchase within 14 days after the auction.
8. There is a 17% + GR VAT (21.08%) buyer's premium.
9. All items marked with * are subject to full GR VAT (plus 24% added to the final hammer price) and are excluded from buyers premium.
10. Some lots as indicated in the catalogue with AR may be subject to Artist's Resale Rights (ARR).
This was introduced by a European Directive in 2006 to ensure that artists receive a royalty when their work is resold by an auction house or gallery. This Right applies to living artists and to those who have died within the last 70 years who are from applicable countries. This royalty is paid by the purchaser on top of the hammer price if the sale price reaches or exceeds 1000 euros. From 1000€ to 50000€ the ARR is 5% plus GR VAT.
The maximum royalty a work can earn is capped at 12,500 euros. This amount is paid by the buyer.
11. We accept only bank transfer as a payment method for online bidders.

Shipping Terms

1. We offer a tracked shipping service for all items via post or courier.

2. Larger items be subject to additional fees and may be shipped via cargo services.

3. We can send you a shipping quote and proposed shipping methods.

4. Lots with an estimate of over 5000€ are packed and shipped by a fine art transporter at the expense of the buyer, while we can offer free packing service for lots up to 5000€ if requested, but we do not accept responsibility should the item be damaged in transit.

Taxes

VAT 24% applies to the 17% buyer's premium total 21.08% in this auction

Full VAT 24% applies to the final sale price of each item marked with *

Condition

We are happy to provide condition reports for all our items, feel free to contact us.

Payment

For internet bidders we accept only bank transfer as a payment method.