Hammer & Co Est. 1897 · New York

HC-2606 · Modern & Contemporary Art

Lot 17

Upcoming

A restrained modern painting in a narrow grey tonal range with graphite drawing, on a paper plate.
Plate 17 · Macro detail, raking light.

Inspection off.

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Further plates

  • A restrained modern painting in a narrow grey tonal range with graphite drawing, on a paper plate. — the ground.
    Detail.

European School

Painted circa 1972

Study in grey

Oil and graphite on canvas

31 1/2 × 27 1/2 in. (80 × 70 cm)


Bidding on lot 17

Bidding has not opened

$25,000 – 35,000

Estimate. The reserve is confidential and never exceeds the low estimate.

Opens in 40d 13:02:05
Opens
Wed, Oct 14, 7:00 PM EDT
Closes
Wed, Oct 14, 9:00 PM EDT
Starting price
$18,000
Opening increment
$1,000

There is no bid control on this lot because it is not open. When bidding opens, the next admissible bid will be $18,000, and the ladder will step by $1,000 at that level.

Before the sale

  • Request the full condition report from the department.
  • View the lot in person; the viewing dates are printed on the sale page.
  • Leave an absentee bid, or book a telephone line, at least 24 hours in advance.
How bidding works

Demonstration site. Hammer & Co is a fictional auction house; every lot, estimate, bid, result and provenance chain on this site is invented for the purpose of showing the design. No bid placed here is a real bid and nothing here is offered for sale.

Catalogue note

A restrained work in a narrow tonal range, the graphite drawn directly into the wet ground. The reverse inscribed with a date and a studio number.

Condition report

Excellent Reported by Idris Vance on September 13, 2026

Unlined and on its original stretcher. No retouching, no losses, no cupping. The graphite is stable and unfixed; the buyer should be aware that unfixed graphite on an unvarnished surface is vulnerable to handling and should be framed under glass.

A condition report is an opinion, honestly held, given as a courtesy and not a warranty. It is not a substitute for examining the lot yourself, and the absence of a reference to a defect does not imply that the lot is free from it. Every lot is sold as is.

Provenance

  1. to date Acquired directly from the studio by the present owner.

Every provenance chain on this demonstration site is invented. No real collection, sale or ownership history is described.

What you would actually pay

The hammer price is not the price of the lot. A buyer’s premium is added to it on a regressive scale — 27% on the first $1,000,000, 21% between $1,000,000 and $6,000,000, and 15% above that. Change the hammer price below and the working changes with it.

Buyer’s premium calculation
Hammer price$30,000.00
Buyer’s premium 27% on $0–$30,000 $8,100.00
Payable to the house 27.00% blended premium $38,100.00

The bidding ladder

Bids step by a published ladder, not a percentage. At $18,000 the step is $1,000, so the next admissible bid is $18,000. The auctioneer may vary the increment at their discretion.

The house bidding increment table
Bid atIncrement
$0 – $199 $10
$200 – $499 $25
$500 – $999 $50
$1,000 – $1,999 $100
$2,000 – $4,999 $250
$5,000 – $9,999 $500
$10,000 – $19,999 $1,000
$20,000 – $49,999 $2,000
$50,000 – $99,999 $5,000
$100,000 – $199,999 $10,000
$200,000 – $499,999 $20,000
$500,000 – $999,999 $50,000
$1,000,000 and above $100,000