Page 299 - Sotheby's Chinese Art and Porcelain Auction New York September 12, 2018

The Art Loss Register"As part of wish to continue with the auction process. the state, such as o# ces. In the states
Sotheby’s e! orts to support only the They will provide information regarding that impose sales tax, Tax Laws require Certain Exemptions Most states that
legitimate art market and to combat the sellers’ commission rates and other an auction house, with a presence in the impose sales taxes allow for speciÞ ed
illegitimate market in stolen property, charges, auction venue, shipping and any state, to register as a sales tax collector, and exemptions to the tax. For example, a
Sotheby’s has retained the Art Loss further services you may require. remit sales tax collected to the state. New registered re-seller such as a registered art
Register to check all uniquely identiÞ able York sales tax is charged on the hammer dealer may purchase without incurring a
items o! ered for sale in this catalogue that price, buyer’s premium and any other tax liability, and Sotheby’s is not required
are estimated at more than the equivalent SOTHEBY’S SERVICES applicable charges on any property picked to collect sales tax from such re-seller. The
of US$1,500 against the Art Loss Register’s up or delivered in New York, regardless of art dealer, when re-selling the property,
computerized database of objects reported Sotheby’s also o! ers a range of other the state or country in which the purchaser may be required to charge sales tax to its
as stolen or lost. The Art Loss Register services to our clients beyond buying resides or does business. client, or the client may be required to self-
is pleased to provide purchasers with a and selling at auction. These services are assess sales or use tax upon acquiring the
certiÞ cate conÞ rming that a search has summarized below. Further information on Where Sotheby’s Collects Sales property.
been made. All inquiries regarding search any of the services described below can be Tax Sotheby’s is currently registered to
certiÞ cates should be directed to The Art found at sothebys.com. collect sales tax in the following states: Local Tax Advisors As sales tax laws vary
Loss Register, First Floor, 63-66 Hatten California, Colorado, Connecticut, Florida, from state to state, Sotheby’s recommends
Garden, London EC1N 8LE or by email at Valuations and Appraisals Sotheby’s Hawaii, Illinois, Kentucky, Maryland, that clients with questions regarding the
artloss@artloss.com. The Art Loss Register Valuations and Appraisals Services o! ers Massachusetts, Minnesota, Missouri, application of sales or use taxes to property
does not guarantee the provenance or advice regarding personal property assets New Jersey, New York, Ohio, Oklahoma, purchased at auction seek tax advice from
title of any catalogued item against which to trusts, estates, and private clients Pennsylvania, Rhode Island, Texas, their local tax advisors.
they search, and will not be liable for any in order to help Þ duciaries, executors, Vermont and Washington. For any
direct or consequential losses of any nature advisors, and collectors meet their goals. property collected or received by the
howsoever arising. This statement and the We provide e# cient and conÞ dential purchaser in New York City, such property GLOSSARY OF TERMS
ALR’s service do not a! ect your rights and advice and assistance for all appraisal is subject to sales tax at the existing New
obligations under the Conditions of Sale and auction services. Sotheby’s can York State and City rate of 8.875%. The following are examples of the termi-
applicable to the sale.
prepare appraisals to suit a variety of nology used in this catalogue. Please note
needs, including estate tax and planning, Sotheby’s Arranged Shipping If the that all statements made in this catalogue
insurance, charitable contribution and property is delivered into any state in are made subject to the provisions of the
SELLING AT AUCTION collateral loan. Our appraisals are widely which Sotheby’s is registered, Sotheby’s Conditions of Sale and Terms of Guarantee
accepted by the Internal Revenue Service, is required by law to collect and remit the printed in this catalogue:
If you have property you wish to sell, tax and estate planning professionals, appropriate sales tax in e! ect in the state
Sotheby’s team of specialists and client and insurance Þ rms. In the event that where the property is delivered. GLOSSARY FOR CHINESE CERAMICS
services representatives will assist you a sale is considered, we are pleased to AND WORKS OF ART
through the entire process. Simply contact provide auction estimates, sales proposals Client Arranged Shipping Property
the appropriate specialist (specialist and marketing plans. When sales are collected from Sotheby’s New York Pottery Figure of a Horse, Tang Dynasty
departments are listed in the back of this underway, the group works closely with premises by a common carrier hired by the This heading, with date or period included,
catalogue), General Inquiries Department the appropriate specialist departments purchaser for delivery at an address outside means that the piece is, in our opinion,
or a Sotheby’s regional o# ce representative to ensure that clients’ needs are met of New York is not subject to New York Sales of the date or period indicated with no
for suggestions on how best to arrange for promptly and e# ciently. Tax, but if the property is delivered into major alterations or replacements unless
evaluation of your property. any state in which Sotheby’s is registered, otherwise in dicated in the cataloguing.
Financial Services Sotheby’s o! ers a Sotheby’s is required by law to collect and
Property Evaluation"There are three wide range of Þ nancial services including remit the appropriate sales tax in e! ect in With respect to ceramics and sculpture,
if, in our opinion, the piece was made at
general ways evaluation of property can be advances on consignments, as well as the state where the property is delivered. a speciÞ c kiln or location, the name of
conducted: loans secured by art collections not New York State recognizes shippers the kiln or location will appear in bold or
intended for sale. such as the United States Postal Service,
(1) In our galleries United Parcel Service, FedEx, or the like as capital letters, i.e., DING OVOID VASE,
SONG DYNASTY. However, if the heading
You may bring your property directly to our Museum Services Tailored to meet the “common carriers”. If a purchaser hires a appears as follows, ‘DING’ OVOID VASE,
galleries where our specialists will give you unique needs of museums and non proÞ ts shipper other than a common carrier to pick SONG DYNASTY, this indicates that, in
auction estimates and advice. There is no in the marketplace, Museum Services up property, Sotheby’s will collect New York our opinion, the piece is of the Ding type
charge for this service, but we request that o! ers personal, professional assistance sales tax at a rate of 8.875% regardless of or location, and although of the date
you telephone ahead for an appointment. and advice in areas including appraisals, the ultimate destination of the goods. If a speciÞ ed, not necessarily made at the Ding
Inspection hours are 9:30 am to 5 pm, deaccessions, acquisitions and special purchaser utilizes a freight-forwarder who is kiln or location.
Monday through Friday. events. registered with the Transportation Security
Administration (“TSA”) to deliver property Pottery Figure of a Horse, Tang Style
(2) By photograph outside of the United States, no sales tax This inclusion of the word “style” indicates
If your property is not portable, or if you Corporate Art Services Devoted would be due on this transaction. that, in our opinion, either the piece (i)
to servicing corporations, Sotheby’s
are not able to visit our galleries, you may while basically of the period indicated,
bring in or send a clear photograph of Corporate Art Services Department Where Sotheby’s is Not Required has undergone signiÞ cant restoration
can prepare appraisal reports, advise
each item. If you have a large collection, a to Collect Sales Tax Sotheby’s is not or alteration, or (ii) was made as an
representative selection of photographs on acquisitions and deaccessions, required to collect sales tax on property intentional reproduction of an earlier style.
manage all aspects of consignment,
will do. Please be sure to include the delivered to states other than those listed
dimensions, artist’s signature or maker’s assist in developing arts-management above. If the property is delivered to a Where a ceramic or work of art bears a
strategies and create events catering to a
mark, medium, physical condition and any state where Sotheby’s is not required to signature or seal of an artist or studio, if the
other relevant information. Our specialists corporation’s needs. collect sales tax, it is the responsibility of heading appears as follows:
will provide a free preliminary auction the purchaser to self-assess any sales or By Ma Shaoxuan This work is, in our best
estimate subject to a Þ nal estimate upon use tax and remit it to taxing authorities in judgment, by the named artist.
Þ rst-hand inspection. INFORMATION ON SALES that state.
AND USE TAX RELATED TO Attributed to Ma Shaoxuan In our
(3) In your home PURCHASES AT AUCTION Sotheby’s is not required to collect sales opinion, probably a work by the artist but
Evaluations of property can also be made tax for property delivered to the purchaser less certainty as to authorship is expressed
in your home. The fees for such visits To better assist our clients, we have outside of the United States. than in the preceding category.
are based on the scope and diversity of
prepared the following information on
property, with travel expenses additional. Sales and Use Tax related to property Restoration and Other Services Signed Ma Shaoxuan The piece bears
These fees may be rebated if you consign Regardless of where the property is the signature or seal of the artist or studio
purchased at auction.
your property for sale at Sotheby’s. If there subsequently transported, if any framing or but with no Þ rm attribution as to the hand.
is considerable property in question, we restoration services are performed on the
Why Sotheby’s Collects Sales Tax Absence of Guarantee of Authenticity
can arrange for an informal “walkthrough.” property in New York, it is considered to be
Virtually all State Sales Tax Laws require a for Chinese Paintings The artists’
Once your property has been evaluated, corporation to register with the State’s Tax a delivery of the property to the purchaser names recorded in this catalogue are not
Sotheby’s representatives can then help Authorities and collect and remit sales tax if in New York, and Sotheby’s will be required to be taken as unqualiÞ ed attributions
you determine how to proceed should you the corporation maintains a presence within to collect the 8.875% New York sales tax.
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