Page 253 - important chinese art mar 22 2018

to continue with the auction process. They on any property picked up or delivered in Local Tax Advisors As sales tax laws vary GLOSSARY FOR CHINESE FURNITURE
will provide information regarding sellers’ New York, regardless of the state or country from state to state, Sotheby’s recommends
commission rates and other charges, auction in which the purchaser resides or does that clients with questions regarding the With respect to Asian hardwoods, the
venue, shipping and any further services you business. application of sales or use taxes to property terms ‘Huanghuali’, ‘Huali’ ‘Hongmu’ ‘Zitan’
may require. purchased at auction seek tax advice from and others appearing within single quotes
Where Sotheby’s Collects Sales Tax their local tax advisors. in bold or capital letters in the heading
Sotheby’s is currently registered to collect are descriptive identi! cations based on
sales tax in the following states: California, appearance, and are not intended to denote
SOTHEBY’S SERVICES
Colorado, Connecticut, Florida, Illinois, GLOSSARY OF TERMS a speci! c species.
Maryland, Massachusetts, Minnesota,
Sotheby’s also o" ers a range of other Notwithstanding the above, if within ! ve
Missouri, New Jersey, New York, Ohio,
services to our clients beyond buying Pennsylvania, Texas and Washington. For The following are examples of the termi- years of the sale of any lot, the buyer gives
and selling at auction. These services are any property collected or received by the nology used in this catalogue. Please note written notice to Sotheby’s that the lot sold
summarized below. Further information on purchaser in New York City, such property is that all statements made in this catalogue is a forgery and if within three months after
any of the services described below can be are made subject to the provisions of the giving such notice, the buyer returns the
subject to sales tax at the existing
found at sothebys.com. Conditions of Sale and Terms of Guarantee lot in the same Condition as it was at the
New York State and City rate of 8.875%.
printed in this catalogue: time of sale to the premises of Sotheby’s
Valuations and Appraisals Sotheby’s Sotheby’s Arranged Shipping If the and demonstrates to the satisfaction of
Valuations and Appraisals Services o" ers Sotheby’s that the lot sold is a forgery,
property is delivered into any state in which GLOSSARY FOR CHINESE CERAMICS
advice regarding personal property assets Sotheby’s is registered, Sotheby’s is required AND WORKS OF ART Sotheby’s is authorized to and will rescind
to trusts, estates, and private clients by law to collect and remit the appropriate the sale and refund the purchase price
in order to help ! duciaries, executors, sales tax in e" ect in the state where the Pottery Figure of a Horse, Tang Dynasty received by it. For this purpose a ‘forgery’
advisors, and collectors meet their goals. is de! ned as a work created with intent to
property is delivered. This heading, with date or period included,
We provide e& cient and con! dential advice means that the piece is, in our opinion, of deceive.
and assistance for all appraisal and auction Client Arranged Shipping Property the date or period indicated with no major
services. Sotheby’s can prepare appraisals alterations or replacements unless otherwise
to suit a variety of needs, including estate collected from Sotheby’s New York
premises by a common carrier hired by the in dicated in the cataloguing. IMPORTANT NOTICES
tax and planning, insurance, charitable
contribution and collateral loan. Our purchaser for delivery at an address outside With respect to ceramics and sculpture, if, in
appraisals are widely accepted by the of New York is not subject to New York Sales our opinion, the piece was made at a speci! c NOTICE REGARDING BURMESE JADEITE
Internal Revenue Service, tax and estate Tax, but if the property is delivered into kiln or location, the name of the kiln or Jadeite of Burmese origin less than 100
any state in which Sotheby’s is registered, location will appear in bold or capital letters, years old may not be imported into the
planning professionals, and insurance ! rms.
In the event that a sale is considered, we are Sotheby’s is required by law to collect and i.e., DING OVOID VASE, SONG DYNASTY. US. Certi! cation of non-Burmese origin
pleased to provide auction estimates, sales remit the appropriate sales tax in e" ect in However, if the heading appears as follows, will be required before importing lots
proposals and marketing plans. When sales the state where the property is delivered. ‘DING’ OVOID VASE, SONG DYNASTY, this containing jadeite into the US. It is the
are underway, the group works closely with New York State recognizes shippers indicates that, in our opinion, the piece is of buyer’s responsibility to obtain any export
the appropriate specialist departments to such as the United States Postal Service, the Ding type or location, and although of the or import licences and/or certi! cates as
ensure that clients’ needs are met promptly United Parcel Service, FedEx, or the like as date speci! ed, not necessarily made at the well as any other required documentation
and e& ciently. “common carriers”. If a purchaser hires a Ding kiln or location. before shipping. The inability of import of
shipper other than a common carrier to pick any such items shall not justify cancellation
Pottery Figure of a Horse, Tang Style
Financial Services Sotheby’s o" ers a up property, Sotheby’s will collect New York This inclusion of the word “style” indicates or rescission of the sale contract or any
wide range of ! nancial services including sales tax at a rate of 8.875% regardless of that, in our opinion, either the piece (i) delay in payment. Please check with the
advances on consignments, as well as loans the ultimate destination of the goods. If a while basically of the period indicated, specialist department if you are uncertain
secured by art collections not intended for purchaser utilizes a freight-forwarder who is has undergone signi! cant restoration or as to whether a lot is subject to these import
sale. registered with the Transportation Security alteration, or (ii) was made as an intentional restrictions, or any other restrictions on
Administration (“TSA”) to deliver property reproduction of an earlier style. importation or exportation.
Museum Services Tailored to meet the outside of the United States, no sales tax
unique needs of museums and non pro! ts would be due on this transaction. Where a ceramic or work of art bears a NOTICE REGARDING ENDANGERED
in the marketplace, Museum Services o" ers signature or seal of an artist or studio, if the SPECIES
personal, professional assistance and advice Where Sotheby’s is Not Required to heading appears as follows: Ⴚ Property containing certain endangered
in areas including appraisals, deaccessions, Collect Sales Tax Sotheby’s is not required By Ma Shaoxuan This work is, in our best species will require a CITES license upon
acquisitions and special events. to collect sales tax on property delivered judgment, by the named artist. export from the U.S. and may require an
to states other than those listed above. If additional license upon import into another
Corporate Art Services Devoted to the property is delivered to a state where Attributed to Ma Shaoxuan In our country. There is no guarantee that such
servicing corporations, Sotheby’s Corporate Sotheby’s is not required to collect sales tax, opinion, probably a work by the artist but less licenses will be granted. In the case of denial
Art Services Department can prepare it is the responsibility of the purchaser to certainty as to authorship is expressed than of any license or of delay in obtaining such
appraisal reports, advise on acquisitions self-assess any sales or use tax and remit it in the preceding category. licenses, the purchaser remains responsible
and deaccessions, manage all aspects of to taxing authorities in that state. Signed Ma Shaoxuan The piece bears the for making on-time payment for the total
consignment, assist in developing arts- signature or seal of the artist or studio but purchase price.
Sotheby’s is not required to collect sales
management strategies and create events with no ! rm attribution as to the hand.
catering to a corporation’s needs. tax for property delivered to the purchaser Important Notice Regarding Packing
outside of the United States. Absence of Guarantee of Authenticity As a courtesy to purchasers who come to
for Chinese Paintings The artists’ Sotheby’s to pick up property, Sotheby’s
Restoration and Other Services names recorded in this catalogue are not will assist in packing framed paintings.
INFORMATION ON SALES Regardless of where the property is to be taken as unquali! ed attributions Sotheby’s is unable to remove canvases
AND USE TAX RELATED TO subsequently transported, if any framing or to the artists named. No unquali! ed o" stretchers or to roll works on paper.
PURCHASES AT AUCTION restoration services are performed on the attributions to any artist or date are made Purchasers are advised to contact an
property in New York, it is considered to be a or intended. The current scholarship in the independent painting restorer to pack
To better assist our clients, we have prepared delivery of the property to the purchaser in ! eld of Chinese paintings does not permit works in this manner.
the following information on Sales and Use New York, and Sotheby’s will be required to unquali! ed statements as to authorship or
Tax related to property purchased at auction. collect the 8.875% New York sales tax. date of execution. Therefore, none of the
paintings in this catalogue is subject to
Why Sotheby’s Collects Sales Tax Certain Exemptions Most states that any guarantee of authenticity and all the Photography:
Virtually all State Sales Tax Laws require a impose sales taxes allow for speci! ed property is sold “AS IS”. Any reference to
corporation to register with the State’s Tax exemptions to the tax. For example, a the Terms of Guarantee does not apply to Elliot Perez
Authorities and collect and remit sales tax if registered re-seller such as a registered art Chinese paintings. Any assistance given Je" Schnorr
the corporation maintains a presence within dealer may purchase without incurring a by Sotheby’s sta" to a buyer in selecting a Jon Lam
the state, such as o& ces. In the states that tax liability, and Sotheby’s is not required to purchase is given without prejudice to the Paul Shima
impose sales tax, Tax Laws require an auction collect sales tax from such re-seller. The art above. Buyers are recommended to take Peter Kutscher
house, with a presence in the state, to register dealer, when re-selling the property, may independent professional advice on selection
as a sales tax collector, and remit sales tax be required to charge sales tax to its client, of purchases.
collected to the state. New York sales tax or the client may be required to self-assess
is charged on the hammer price, buyer’s sales or use tax upon acquiring the property.
premium and any other applicable charges
IMPORTANT CHINESE ART 251