EDDIE MARTINEZ (B. 1977)

Untitled

Closed25 May 2021

Price Realised

HKD 5,625,000

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EDDIE MARTINEZ (B. 1977)
Untitled
signed with the artist's initials and dated 'E.M. 15' (lower centre)
oil, acrylic, spray paint and enamel on canvas
183 x 275 cm. (72 x 108 1/4 in.)
Painted in 2015

Timothy Taylor Gallery, London, UK
Private Collection, Mexico
Acquired from the above by the present owner

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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“What I relate to most in my own work and process is the speed and raw unfiltered mark making.” – Eddie Martinez

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EDDIE MARTINEZ (B. 1977)

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EDDIE MARTINEZ (B. 1977)

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