Property of MASCO Corporation

June 16, 2016 3:00 PM EDT
Live Auction

109 Lots

  1. 1
  2. 2

Shannon's

Location: Milford, CT, US

Phone: 203 877 1711

Payment

Accepted Forms of Payment: MasterCard, Money Order / Cashiers Check, Visa, Wire Transfer

Shipping

As a convenience to the Buyer, Shannon's LLC will make a referral
for packing and shipping. This is at the request, expense, and risk
of the Buyer, and Shannon's assumes no responsibility for the
items or the timing of delivery. Insurance for in transit items is the
responsibility of the buyer.

100 works from the distinguished Masco Corporation.

Masco Corporation, based in Detroit, Michigan is one of the world's largest manufacturers of brand- name products for home improvement and new home construction markets. These brands include Delta Faucets, Merrilat Cabinets, BEHR®, and many others.

The company originated in 1929 by Alex Manoogian as Masco Screw Company and in 1961 the Company became Masco Corporation, headquartered in Taylor, Michigan. Richard Manoogian, the founder’s son, became President and Chief Operating Officer that year.

Mr. Manoogian, a Yale University Graduate, is commonly known in the art world as a top collector of American Art. He has served on the Board at the Detroit Institute of Arts (DIA) since 1968. The wing that houses the American Art collection at the DIA was named “The Manoogian Wing” in 2007.

As a way of showing their commitment to the Arts and to provide their employees exposure to artwork, Masco Corporation, under the guidance of Mr Manoogian, is home to a world renowned art collection.

Shannon’s is pleased to offer a portion of the Masco Corporation Collection for sale on June 16th 2016. The Contemporary paintings and sculpture offered are high quality works of art that were acquired over the course of the past 30 years. Shannon’s excited to present this collection of works, offered for the first time at auction to our clients. 

Bid Live via Invaluable.com and eBay.com now through June 16.  The sale will begin at 3:00PM.

Buyer's Premium
$0-500,000: 25.0%
$500,001+: 17.0%
Bid Increments
From: To: Increments:
$0 $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 + $10,000

Conditions of Sale

Contract Information: Your bid is a binding and legal contract. BIDDING AT THIS AUCTION, WHETHER IN PERSON, BY AGENT, ORDER BID, INTERNET OR OTHER MEANS, CONSTITUTES YOUR ACKNOWLEDGMENT AND ACCEPTANCE OF THESE "CONDITIONS OF SALE".

Payment Information: Payment may be made by cash, check or wire transfer. Visa or MasterCard may be used up to the amount of $10,000 per auction. Purchases are subject to 6.35% CT sales tax. ALL ITEMS MUST BE PAID FOR WITHIN 14 DAYS OF THE SALE, AT WHICH POINT THEY WILL BE RELEASED FOR SHIPMENT OR DELIVERY.

Shipping Information: As a convenience to the Buyer, Shannon's LLC will make a referral
for packing and shipping. This is at the request, expense, and risk
of the Buyer, and Shannon's assumes no responsibility for the
items or the timing of delivery. Insurance for in transit items is the
responsibility of the buyer.

Buyer's Premium: A premium of 25% of the successful bid up to and including
$500,000, and 17% on any amount exceeding $500,000 per lot,
will be applied to the individual hammer price of all lots sold, to be
paid by the buyer as part of the purchase price. Payment may be
made by cash, check or wire transfer. Visa or MasterCard may be
used up to the amount of $10,000 per auction. Purchases are subject
to 6.35% CT sales tax. ALL ITEMS MUST BE PAID FOR WITHIN
14 DAYS OF THE SALE, AT WHICH POINT THEY WILL BE
RELEASED FOR SHIPMENT OR DELIVERY.

Taxes on your purchase: Purchases are subject to 6.35% CT sales tax.

Condition Statement: Shannon's LLC Fine Art Auctioneers acts solely as an agent for various
owners and consignors. It exercises care in describing all items listed
and uses judgment in attributing authorship, but offers no guarantee
regarding authenticity, condition, or description. The items described
in this catalog, which description may be amended by notice or
announcement at sale time, are offered for sale by Shannon's LLC as
agent for various owners or others authorized to sell the items.