Page 54 - jingyatang sculptures march2018

insurance, charitable contribution and is required by law to collect and remit the Conditions of Sale and Terms of Guarantee
SELLING AT AUCTION collateral loan. Our appraisals are widely appropriate sales tax in e" ect in the state printed in this catalogue:
accepted by the Internal Revenue Service, where the property is delivered.
If you have property you wish to sell, tax and estate planning professionals, GLOSSARY FOR CHINESE CERAMICS
Sotheby’s team of specialists and client and insurance # rms. In the event that Client Arranged Shipping Property AND WORKS OF ART
services representatives will assist you a sale is considered, we are pleased to collected from Sotheby’s New York
through the entire process. Simply contact provide auction estimates, sales proposals premises by a common carrier hired by the Pottery Figure of a Horse, Tang
the appropriate specialist (specialist and marketing plans. When sales are purchaser for delivery at an address outside Dynasty This heading, with date or period
departments are listed in the back of this underway, the group works closely with of New York is not subject to New York Sales included, means that the piece is, in our
catalogue), General Inquiries Department the appropriate specialist departments Tax, but if the property is delivered into opinion, of the date or period indicated
or a Sotheby’s regional o* ce representative to ensure that clients’ needs are met any state in which Sotheby’s is registered, with no major alterations or replacements
for suggestions on how best to arrange for promptly and e* ciently. Sotheby’s is required by law to collect and unless otherwise in dicated in the
evaluation of your property. remit the appropriate sales tax in e" ect in cataloguing.
Financial Services Sotheby’s o" ers a the state where the property is delivered.
Property Evaluation!There are three wide range of # nancial services including New York State recognizes shippers With respect to ceramics and sculpture,
general ways evaluation of property can be advances on consignments, as well as such as the United States Postal Service, if, in our opinion, the piece was made at
conducted: loans secured by art collections not United Parcel Service, FedEx, or the like as a speci# c kiln or location, the name of
intended for sale. “common carriers”. If a purchaser hires a the kiln or location will appear in bold or
(1) In our galleries shipper other than a common carrier to pick capital letters, i.e., DING OVOID VASE,
You may bring your property directly to our Museum Services Tailored to meet the up property, Sotheby’s will collect New York SONG DYNASTY. However, if the heading
galleries where our specialists will give you unique needs of museums and non pro# ts sales tax at a rate of 8.875% regardless of appears as follows, ‘DING’ OVOID VASE,
auction estimates and advice. There is no in the marketplace, Museum Services the ultimate destination of the goods. If a SONG DYNASTY, this indicates that, in
charge for this service, but we request that o" ers personal, professional assistance purchaser utilizes a freight-forwarder who is our opinion, the piece is of the Ding type
you telephone ahead for an appointment. and advice in areas including appraisals, registered with the Transportation Security or location, and although of the date
Inspection hours are 9:30 am to 5 pm, deaccessions, acquisitions and special Administration (“TSA”) to deliver property speci# ed, not necessarily made at the Ding
Monday through Friday. events. outside of the United States, no sales tax kiln or location.
(2) By photograph would be due on this transaction. Pottery Figure of a Horse, Tang Style
Corporate Art Services Devoted This inclusion of the word “style” indicates
If your property is not portable, or if you
are not able to visit our galleries, you may to servicing corporations, Sotheby’s Where Sotheby’s is Not Required that, in our opinion, either the piece (i)
Corporate Art Services Department to Collect Sales Tax Sotheby’s is not while basically of the period indicated,
bring in or send a clear photograph of
each item. If you have a large collection, a can prepare appraisal reports, advise required to collect sales tax on property has undergone signi# cant restoration
on acquisitions and deaccessions, delivered to states other than those listed or alteration, or (ii) was made as an
representative selection of photographs
will do. Please be sure to include the manage all aspects of consignment, above. If the property is delivered to a intentional reproduction of an earlier style.
assist in developing arts-management state where Sotheby’s is not required to
dimensions, artist’s signature or maker’s Where a ceramic or work of art bears a
mark, medium, physical condition and any strategies and create events catering to a collect sales tax, it is the responsibility of signature or seal of an artist or studio, if the
corporation’s needs. the purchaser to self-assess any sales or
other relevant information. Our specialists heading appears as follows:
will provide a free preliminary auction use tax and remit it to taxing authorities in
that state. By Ma Shaoxuan This work is, in our best
estimate subject to a # nal estimate upon
# rst-hand inspection. INFORMATION ON SALES Sotheby’s is not required to collect sales judgment, by the named artist.
AND USE TAX RELATED TO tax for property delivered to the purchaser Attributed to Ma Shaoxuan In our
(3) In your home
Evaluations of property can also be made PURCHASES AT AUCTION outside of the United States. opinion, probably a work by the artist but
in your home. The fees for such visits less certainty as to authorship is expressed
are based on the scope and diversity of To better assist our clients, we have Restoration and Other Services than in the preceding category.
prepared the following information on Regardless of where the property is
property, with travel expenses additional. Signed Ma Shaoxuan The piece bears
These fees may be rebated if you consign Sales and Use Tax related to property subsequently transported, if any framing or the signature or seal of the artist or studio
purchased at auction. restoration services are performed on the
your property for sale at Sotheby’s. If there but with no # rm attribution as to the hand.
is considerable property in question, we property in New York, it is considered to be
Why Sotheby’s Collects Sales Tax a delivery of the property to the purchaser Absence of Guarantee of Authenticity
can arrange for an informal “walkthrough.”
Virtually all State Sales Tax Laws require in New York, and Sotheby’s will be required for Chinese Paintings The artists’
Once your property has been evaluated, a corporation to register with the State’s to collect the 8.875% New York sales tax. names recorded in this catalogue are not
Sotheby’s representatives can then help Tax Authorities and collect and remit to be taken as unquali# ed attributions
you determine how to proceed should you sales tax if the corporation maintains a Certain Exemptions Most states that to the artists named. No unquali# ed
wish to continue with the auction process. presence within the state, such as o* ces. impose sales taxes allow for speci# ed attributions to any artist or date are made
They will provide information regarding In the states that impose sales tax, Tax exemptions to the tax. For example, a or intended. The current scholarship in the
sellers’ commission rates and other Laws require an auction house, with a registered re-seller such as a registered art # eld of Chinese paintings does not permit
charges, auction venue, shipping and any presence in the state, to register as a sales dealer may purchase without incurring a unquali# ed statements as to authorship or
further services you may require. tax collector, and remit sales tax collected tax liability, and Sotheby’s is not required date of execution. Therefore, none of the
to the state. New York sales tax is charged to collect sales tax from such re-seller. The paintings in this catalogue is subject to
on the hammer price, buyer’s premium art dealer, when re-selling the property, any guarantee of authenticity and all the
SOTHEBY’S SERVICES and any other applicable charges on any may be required to charge sales tax to property is sold “AS IS”. Any reference to
property picked up or delivered in New York, its client, or the client may be required to the Terms of Guarantee does not apply to
Sotheby’s also o" ers a range of other regardless of the state or country in which self-assess sales or use tax upon acquiring Chinese paintings. Any assistance given
services to our clients beyond buying the purchaser resides or does business. the property. by Sotheby’s sta" to a buyer in selecting
a purchase is given without prejudice to
and selling at auction. These services are
summarized below. Further information on Where Sotheby’s Collects Sales Tax Local Tax Advisors As sales tax laws vary the above. Buyers are recommended to
any of the services described below can be Sotheby’s is currently registered to collect from state to state, Sotheby’s recommends take independent professional advice on
found at sothebys.com. sales tax in the following states: California, that clients with questions regarding the selection of purchases.
Colorado, Connecticut, Florida, Illinois, application of sales or use taxes to property
Valuations and Appraisals Sotheby’s Maryland, Massachusetts, Minnesota, purchased at auction seek tax advice from
Valuations and Appraisals Services o" ers Missouri, New Jersey, New York, Ohio, their local tax advisors.
advice regarding personal property assets Pennsylvania, Texas and Washington. For
to trusts, estates, and private clients any property collected or received by the
in order to help # duciaries, executors, purchaser in New York City, such property GLOSSARY OF TERMS Photography:
advisors, and collectors meet their goals. is subject to sales tax at the existing
We provide e* cient and con# dential New York State and City rate of 8.875%. The following are examples of the termi- Jon Lam
advice and assistance for all appraisal nology used in this catalogue. Please note Elliot Perez
and auction services. Sotheby’s can Sotheby’s Arranged Shipping If the that all statements made in this catalogue
prepare appraisals to suit a variety of property is delivered into any state in are made subject to the provisions of the
needs, including estate tax and planning, which Sotheby’s is registered, Sotheby’s
52 JINGYATANG: TREASURES OF CHINESE BUDDHIST SCULPTURE