![]() ![]() ![]() Reference rate published at 2.15pm on the day of the sale is a percentage of the hammer price as follows:ģ % - 50,001 – 200,000 Euros (VAT is not payable on this royalty charge)Īll royalty charges will be included in the buyers invoice and are passed on to the relevant Copyright Society and Artist’s Resale Right Scheme: (Droite De Suite) Qualifying works of art that sell for more than the UKĮquivalent of 1,000 Euros calculated by the Artist’s Resale Right Service Hub based on the European Central Bank In addition VAT is payable on this premium (see below).ĥ. Buyers premium: The ‘Conditions of Sale’ oblige buyers to pay a buyer’s premium at 18% on the hammer price of each lot. Estimates are prepared some timeīefore the sale and may be altered by announcement before the sale. The lower estimate may represent the reserve price and certainly will not be below it.Įstimates do not include the buyer’s premium or VAT (where chargeable). Estimates: Estimates are designed to help buyers gauge what sort of sum might be involved for the purchase Accordingly, if you buy your primary contract is with the seller.ģ. Agency: As auctioneers we usually contract as agents for the seller whose identity, for reasons ofĬonfidentiality, is not normally disclosed. If there is anything you do not fully understand.Ģ. Which are readily available for inspection and normally accompany catalogues. All sales are conducted in accordance with our printed ‘Conditions of Sale’ Introduction: The following informative notes are intended to assist Buyers, particularly those ![]()
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