Page 134 - Jie Rui Tang Kangxi porcelain mar 2018

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