Page 160 - Sothebys Chinese Art St. George St London May 2018

can advise buyers on exporting and There are separate thresholds for exporting Ⴄ Property in which Sotheby’s has an Portion of the hammer price (in €)
shipping property, and arranging delivery. within the European Community. A UK Ownership Interest Royalty Rate
For assistance please contact: Licence will be required for most items Lots with this symbol indicate that From 0 to 50,000 4%
Post Sale Services (Mon-Fri 9am to 5pm) over 50 years of age with a value of over Sotheby’s owns the lot in whole or in part From 50,000.01 to 200,000 3%
Tel +44 (0)20 7293 5220 £65,000. Some exceptions are listed or has an economic interest in the lot From 200,000.01 to 350,000 1%
Fax +44 (0)20 7293 5910 below:- equivalent to an ownership interest. From 350,000.01 to 500,000 0.5%
Email: ukpostsaleservices@sothebys.com UK Licence Thresholds ຤ Irrevocable Bids Exceeding 500,000 0.25%
We will send you a quotation for
Photographic positive or negative or any Lots with this symbol indicate that a party The Artist’s Resale Right payable will be
shipping your purchase(s). Transit risk assemblage of such photographs has provided Sotheby’s with an irrevocable the aggregate of the amounts payable
insurance may also be included in your
UK LICENCE THRESHOLD: £10,000 bid on the lot that will be executed during under the above rate bands, subject to a
quotation. If the quotation is accepted, we Textiles (excluding carpets and tapestries) the sale at a value that ensures that the lot maximum royalty payable of 12,500 euros
will arrange the shipping for you and will
UK LICENCE THRESHOLD: £12,000 will sell. The irrevocable bidder, who may for any single work each time it is sold. The
despatch the property as soon as possible British Historical Portraits bid in excess of the irrevocable bid, may be maximum royalty payable of 12,500 euros
after receiving your written agreement
UK LICENCE THRESHOLD: £10,000 compensated for providing the irrevocable applies to works sold for 2 million euros and
to the terms of the quotation, Þ nancial bid by receiving a contingent fee, a Þ xed above. Calculation of the artist’s resale right
release of the property and receipt of any Sotheby’s recommends that you retain
fee or both. If the irrevocable bidder is the will be based on the pound sterling / Euro
export licence or certiÞ cates that may be all import and export papers, including successful bidder, any contingent fee, Þ xed reference exchange rate quoted on the
required. Despatch will be arranged at the licences, as in certain countries you may be
fee or both (as applicable) for providing date of the sale by the European Central
buyer’s expense. Sotheby’s may charge required to produce them to governmental the irrevocable bid may be netted against Bank.
an administrative fee for arranging the authorities.
the irrevocable bidder’s obligation to pay
despatch. Endangered Species Items made of or the full purchase price for the lot and the Ⴚ Restricted Materials
All shipments should be unpacked and Lots with this symbol have been identiÞ ed
incorporating plant or animal material, purchase price reported for the lot shall
checked on delivery and any discrepancies such as coral, crocodile, ivory, whalebone, be net of any such fees. If the irrevocable at the time of cataloguing as containing
notiÞ ed immediately to the party organic material which may be subject to
tortoiseshell, etc., irrespective of age or bid is not secured until after the printing
identiÞ ed in your quotation and/or the value, may require a licence or certiÞ cate of the auction catalogue, Sotheby’s will restrictions regarding import or export.
accompanying documentation. The information is made available for the
prior to exportation and require additional notify bidders that there is an irrevocable
Export The export of any lot from the UK licences or certiÞ cates upon importation bid on the lot by one or more of the convenience of Buyers and the absence
of the Symbol is not a warranty that there
or import into any other country may be to any country outside the EU. Please following means: a pre-sale or pre-lot are no restrictions regarding import or
subject to one or more export or import note that the ability to obtain an export announcement, by written notice at the
export of the Lot; Bidders should refer to
licences being granted. It is the buyer’s licence or certiÞ cate does not ensure auction or by including an irrevocable bid Condition 10 of the Conditions of Business
responsibility to obtain any relevant export the ability to obtain an import licence or symbol in the e-catalogue for the sale prior
for Buyers. Please also refer to the section
or import licence. The denial of any licence certiÞ cate in another country, and vice to the auction. If the irrevocable bidder is on Endangered Species in the Buying
required or delay in obtaining such licence versa. For example, it is illegal to import advising anyone with respect to the lot,
at Auction Guide. As indicated in the
cannot justify the cancellation of the sale African elephant ivory into the United Sotheby’s requires the irrevocable bidder Endangered Species section, Sotheby’s is
or any delay in making payment of the total States and there are other restrictions on to disclose his or her Þ nancial interest in the
not able to assist buyers with the shipment
amount due. the importation of ivory into the US under lot. If an agent is advising you or bidding on of any lots with this symbol into the US.
Sotheby’s, upon request and for a n certain US regulations which are designed your behalf with respect to a lot identiÞ ed
A buyer’s inability to export or import any
administrative fee, may apply for a licence to protect wildlife conservation. as being subject to an irrevocable bid, you lots with this symbol cannot justify a delay
to export your lot(s) outside the UK Sotheby’s suggests that buyers check with should request that the agent disclose
in payment or a sale’s cancellation.
• An EU Licence is necessary to export their own government regarding wildlife whether or not he or she has a Þ nancial
cultural goods subject to the EU import requirements prior to placing a bid. interest in the lot. ෢ Monumental
Regulation on the export of cultural It is the buyer’s responsibility to obtain ຎ Interested Parties Lots with this symbol may, in our opinion,
property (EEC No. 3911/92, O' cial any export or import licences and/or require special handling or shipping
Lots with this symbol indicate that parties
Journal No. L395 of 31/12/92) from the certiÞ cates as well as any other required with a direct or indirect interest in the lot services due to size or other physical
European Community. documentation (please refer to Condition considerations. Buyers are advised to
may be bidding on the lot, including (i) the
• A UK Licence is necessary to move 10 of the Conditions of Business for Buyers beneÞ ciary of an estate selling the lot, or inspect the lot and to contact Sotheby’s
cultural goods valued at or above the printed in this catalogue). Please note that prior to the sale to discuss any speciÞ c
(ii) the joint owner of a lot. If the interested
relevant UK Licence limits from the UK. Sotheby’s is not able to assist buyers with party is the successful bidder, they will be shipping requirements.
the shipment of any lots containing ivory
For export outside the European required to pay the full Buyer’s Premium. Please refer to VAT information for Buyers
and/or other restricted materials into the
Community, an EU Licence will be required US. A buyer’s inability to export or import In certain instances, interested parties may for VAT symbols used in this catalogue.
for most items over 50 years of age with have knowledge of the reserve. In the event Value Added Tax (VAT) may be payable
these lots cannot justify a delay in payment
a value of over £41,018. The following is a or a sale’s cancellation. the interested party’s possible participation on the hammer price and/or the buyer’s
selection of categories of items for which in the sale is not known until after the premium. Buyer’s premium may attract a
other value limits apply and for which printing of the auction catalogue, a pre-lot charge in lieu of VAT. Please read carefully
an EU Licence may be required. It is not announcement will be made indicating the “VAT INFORMATION FOR BUYERS”
exhaustive and there are other restrictions. EXPLANATION OF SYMBOLS that interested parties may be bidding on printed in this catalogue.
The following key explains the symbols you the lot.
EU Licence Thresholds may see inside this catalogue.
Archaeological objects ႒ No Reserve
EU LICENCE THRESHOLD: ZERO Ⴜ Guaranteed Property Unless indicated by a box (႒), all lots in this VAT AND OTHER TAX
Elements of artistic, historical or religious The seller of lots with this symbol has catalogue are o! ered subject to a reserve. INFORMATION FOR BUYERS
monuments been guaranteed a minimum price from A reserve is the conÞ dential hammer price The following paragraphs are intended to
EU LICENCE THRESHOLD: ZERO one auction or a series of auctions. This established between Sotheby’s and the give general guidance to buyers on the VAT
Manuscripts, documents and archives guarantee may be provided by Sotheby’s seller and below which a lot will not be sold. and certain other potential tax implications
(excluding printed matter) or jointly by Sotheby’s and a third party. The reserve is generally set at a percentage of purchasing property at Sotheby’s. The
EU LICENCE THRESHOLD: ZERO Sotheby’s and any third parties providing of the low estimate and will not exceed the information concerns the most usual
Architectural, scientiÞ c and engineering a guarantee jointly with Sotheby’s beneÞ t low estimate for the lot. If any lots in the circumstances and is not intended to be
drawings produced by hand Þ nancially if a guaranteed lot is sold catalogue are o! ered without a reserve, complete. In all cases the relevant tax
EU LICENCE THRESHOLD: £12,305 successfully and may incur a loss if the these lots are indicated by a box (႒). If all legislation takes precedence and the VAT
Photographic positive or negative or any sale is not successful. If the Guaranteed lots in the catalogue are o! ered without a rates in e! ect on the day of the auction will
assemblage of such photographs Property symbol for a lot is not included in reserve, a Special Notice will be included to be the rates charged except for lots sold
EU LICENCE THRESHOLD: £12,305 the printing of the auction catalogue, a pre- this e! ect and the box symbol will not be subject to Temporary Admission for which
Textiles (excluding carpets and tapestries) sale or pre-lot announcement will be made used for each lot. the applicable rate will be that in force at
EU LICENCE THRESHOLD: £41,018 indicating that there is a guarantee on the ๨ Property Subject to the Artist’s Resale the time of collection. It should be noted
Paintings in oil or tempera lot. If every lot in a catalogue is guaranteed, Right that, for VAT purposes only, Sotheby’s is
EU LICENCE THRESHOLD: £123,055 the Important Notices in the sale catalogue Purchase of lots marked with this symbol not usually treated as an agent and most
Watercolours, gouaches and pastels will so state and this symbol will not be (๨) will be subject to payment of the property is sold as if it is the property of
EU LICENCE THRESHOLD: £24,611 used for each lot. Artist’s Resale Right, at a percentage of the Sotheby’s.
Prints, Engravings, Drawings and Mosaics In the following paragraphs, reference
hammer price calculated as follows:
EU LICENCE THRESHOLD: £12,305 to VAT symbols shall mean those symbols
158 SOTHEBY’S