Colin Gleadell reports on the discovery of a Barbara Hepworth sculpture that had no problem selling at full market price despite appearing in a regional sale and requiring the new Droite de Suite fees:
Sworders auctioneers in Essex achieved its highest price for a modern work of art last week when it sold a small alabaster carving by Barbara Hepworth for £300,000. The sculpture, Two Rotating Forms, was made in 1966, with one of the forms bearing a trademark Hepworth hole. It had been in a private collection in Suffolk since the Seventies, and came on the market as part of an estate sale with an estimate of £60,000 to £80,000. […] In addition to the £300,000, a further £6,208 must be paid to the descendants of Barbara Hepworth as part of the EU’s artist’s re-sale royalty agreement, which now applies to all sales in the UK of works by European artists who have died within the past 70 years. Hepworth died in 1975.