Sometimes overlapping, sometimes leaving crevices in between adjacent elements, this time-consuming process results in tectonic plates of vibrant color. Tearing each piece by hand permeates the composition with a dynamic sense of energy, both within the individual elements themselves, and also together as they appear to jostle up against each other. Onto raw unprimed fiberboard Johns lays down a patchwork of colored paper small pieces torn by the artist and then affixed to the surface. Small False Start is a kaleidoscope of color, medium, process, and meaning. As such, Small False Start sits alongside the artist’s iconic Flags, Targets, and Maps as part of the pantheon of twentieth-century masterworks. One of three works that Johns painted between 1959-1960 to explore perceptual cues and play the linguistic against the visual, it is with works such as this that the artist considers the fundamental questions of art. Its rich and dynamic surface displays Johns’s ever present interrogation of the artistic process, a life-long project which resulted in some of the most important and influential art works of the post-war canon. 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.Įxhibited only once since the 1960s, Jasper Johns’s Small False Start is an early masterpiece by one of the world’s greatest living artists. Third party guarantors are required by us to disclose to anyone they are advising their financial interest in any lots they are guaranteeing. The third party may also bid for the lot above the written bid. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. If the lot is not sold, the third party may incur a loss. 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.
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