Iván Navarro

Exh. Cat., Miami, The Patricia & Phillip Frost Museum, Iván Navarro: Fluorescent Light Sculptures, 2013, p. 24, illustrated in color

This work is in very good condition overall. All of the electrical components are in sound working condition and are fitted for a US outlet. There is evidence of light dust accumulation and surface soiling to the sculptural element. Under close inspection, there is evidence of minor wear and handling to the base of the sculpture and a few minor scattered unobtrusive scuffs. Upon close inspection, the corners and edges of some of the poster elements exhibit light wear and handling. Only visible under raking light, the glass component exhibits a few light unobtrusive surface scratches.
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.

APT (Artist Pension Trust) provides select artists around the world with long-term financial security through its patented mutual assurance model. Our program is similar to a cooperative model whereby members who participate benefit from every artwork sold.

Since its launch in 2004, APT has accumulated nearly 13,000 artworks from 2,000 artists in 75 countries, including artworks that have been exhibited at leading museums and galleries, such as MoMA, Tate Modern, and the Metropolitan Museum of Art. Many of our artists have participated in the most important fairs and biennials, and have won some of the most prestigious awards in the industry, this includes the Turner Prize, which four APT artists have received, and among many others, the Hugo Boss and Max Mara Art Prizes.

The selected artists participating in APT deposit 20 artworks with the program over a 20-year period. When the market is right for our artists, the works are gradually sold and the net proceeds are distributed as follows: 40% are paid to the individual artist whose work was sold and 32% are distributed among other artists in the program. The remaining 28% cover the operational costs of the program.

APT artworks have so far only been sold privately to collectors and institutions. We are excited to start offering select artworks for sale through specially curated auctions.

“APT’s unique program is creating a new paradigm in the art world, proving that by sharing risk and reward, artists support each other’s artistic creation. Sotheby’s Contemporary Curated auctions allows APT to show the benefit of its unique mission and the high quality of the participating artists and artworks.”

David A. Ross, Co-founder of APT and former director of the Whitney Museum of American Art, SFMOMA and ICA Boston