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On occasion, Christie's has a direct financial int… Read more Property from the Everson Museum of Art, Sold to Benefit Acquisitions and Collections Care
Jackson Pollock (1912-1956)

Red Composition

Price realised USD 13,000,000
Estimate
USD 12,000,000 – USD 18,000,000
Estimates do not reflect the final hammer price and do not include buyer's premium, and applicable taxes or artist's resale right. Please see Section D of the Conditions of Sale for full details.
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Jackson Pollock (1912-1956)

Red Composition

Price realised USD 13,000,000
Closed: 6 Oct 2020
Price realised USD 13,000,000
Closed: 6 Oct 2020
Details
Jackson Pollock (1912-1956)
Red Composition
signed 'Jackson Pollock' (lower right); signed again and dated 'Pollock 46' (on the reverse)
oil on Masonite
19 x 23 ¾ in. (48.3 x 60.3 cm.)
Painted in 1946.

This lot is the subject of a petition filed with the Commissioner of the New York State Department of Education challenging that Department’s approval of the work’s deaccession under New York regulations.  The consignor has decided to proceed with auctioning the lot but finalization of the sale will not occur until the challenge is resolved.
Provenance
Peggy Guggenheim, Venice
Jimmy Ernst, New York, gift of the above, 1947
Sidney Janis Gallery, New York
Dorothy and Marshall M. Reisman, New York
Gift of the above to the present owner, 1991
Literature
B. Robertson, Jackson Pollock, London, 1960, no. 128 (illustrated).
F. V. O'Connor and E. V. Thaw, Jackson Pollock: A Catalogue Raisonné of Paintings, Drawings and Other Works, Volume 1: Paintings, 1930-1947, New Haven and London, 1978, p. 161, no. 166 (illustrated).
Exhibited
Rochester Memorial Art Gallery, The Dorothy and Marshall M. Reisman Collection, January-February 1962.
New York, Marlborough-Gerson Gallery Inc., Jackson Pollock, January-February 1964.
Rochester Memorial Art Gallery, 1967 (on loan).
Syracuse, New York, Everson Museum of Art, 1969 (on loan).
Syracuse Jewish Community Center, 1970 (on loan).
Roslyn, New York, Nassau County Museum of Art, Convergence: The Hamptons Since Pollock, April-May 2000.
East Hampton, Pollock-Krasner House and Study Center, Jackson Pollock: Small Poured Works 1943-1950, August-September 2006 pp. 10-11 and 26, no. 16 (illustrated).
Syracuse, New York, Everson Museum of Art and Chestnut Hill, Boston College, McMullen Museum of Art, Pollock Matters, June-December 2007.
Syracuse, New York, Everson Museum of Art, American Abstract Painting from the Permanent Collection, September-December 2009.
Syracuse, New York, Everson Museum of Art, More Real, More a Dream, January-April 2017.
Special notice
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. 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. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. 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 doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. 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. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

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.

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