Eddie Martinez - New Now New York Wednesday, March 3, 2021 | Phillips

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  • RxART is a nonprofit organization with the mission of helping children to heal through the extraordinary power of visual art. RxART commissions exceptional contemporary artists to transform children's hospital spaces into engaging and inspiring healing environments, at no cost to the hospitals.

    • Description

      Charitable Contribution Deduction Buyers of lots indicated with a ∞ symbol may be entitled to claim a charitable contribution deduction for the hammer price, but such deduction will be limited to the excess of the hammer price paid for the lot over its fair market value. In accordance with applicable IRS regulations, Phillips has provided a good faith estimate of the fair market value for each lot which is the mean of the pre-sale estimates relating to that lot. Buyers will have until March 19, 2021, inclusively, to indicate to the following charitable organizations of their wish to benefit from this charitable contribution deduction. With respect to Lot 60, buyers may contact the Cancer Research Institute, Inc. in writing by sending an email to events@cancerresearch.org, and with respect to Lot 41, buyers may contact RxART in writing by sending an email to Megan_Skidmore@RxART.net. Bidders are advised to consult with their own tax advisors to determine the application of the tax law to their own specific circumstances and whether a charitable contribution deduction is available. Buyers of all such Lots are advised to discuss their particular tax circumstances with their independent tax advisors, including residency eligibility under applicable laws to determine if a charitable deduction for any lot is available in any jurisdiction outside the United States.

    • Provenance

      Courtesy of the Artist and Blum & Poe, Los Angeles

Property Sold to Benefit RxART and Its Upcoming Installations at NYC Health + Hospitals/Elmhurst in New York and Children's National Hospital in Washington, D.C.

41

Untitled

signed with the artist's initials and dated "EM 21" lower right
acrylic and colored pencil on cardboard, in artist's frame
9 1/4 x 11 1/8 in. (23.5 x 28.3 cm)
Executed in 2021.

A Portion of Phillips' revenue for this Lot will benefit RxART

Full Cataloguing

Estimate
$18,000 - 22,000 

Sold for $69,300

Contact Specialist

Patrizia Koenig
Associate Specialist, Head of New Now Sale
20th Century & Contemporary Art pkoenig@phillips.com

New Now

New York Auction 3 March 2021