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BODIES OF INFINITE LIGHT SOTHEBY’S NEW YORK 10 SEPTEMBER 2019 131

needs, including estate tax and planning, or received by the purchaser in New York
SELLING AT AUCTION insurance, charitable contribution and City, such property is subject to sales tax IMPORTANT NOTICES
collateral loan. Our appraisals are widely at the existing New York State and City
If you have property you wish to sell, accepted by the Internal Revenue Service, rate of 8.875%. Property Collection All property that
Sotheby’s team of specialists and client tax and estate planning professionals, is sold, has bought in, or is to be returned
services representatives will assist you and insurance firms. In the event that Sotheby’s Arranged Shipping If the to the consignor will remain at 1334 York
through the entire process. Simply contact a sale is considered, we are pleased to property is delivered into any state in Avenue for collection. Exceptions to this
the appropriate specialist (specialist provide auction estimates, sales proposals which Sotheby’s is registered, Sotheby’s policy may include property considered to
departments are listed in the back of this and marketing plans. When sales are is required by law to collect and remit the be oversized and monumental works of art.
catalogue), General Inquiries Department underway, the group works closely with appropriate sales tax in effect in the state Invoices and statements will indicate your
or a Sotheby’s regional office representative the appropriate specialist departments where the property is delivered. property’s location. Refer to our Property
for suggestions on how best to arrange for to ensure that clients’ needs are met Collection information at www.sothebys.
evaluation of your property. promptly and efficiently. Client Arranged Shipping Property com/pickup..
collected from Sotheby’s New York
Property Evaluation There are three Financial Services Sotheby’s offers a premises by a common carrier hired by the Property Payment All property must be
general ways evaluation of property can be wide range of financial services including purchaser for delivery at an address outside paid in full before collection or release from
conducted: advances on consignments, as well as of New York is not subject to New York Sales any Sotheby’s location. Payment must be
loans secured by art collections not Tax, but if the property is delivered into made through Sotheby’s New York Post Sale
(1) In our galleries intended for sale. any state in which Sotheby’s is registered, Services by way of our acceptable forms
You may bring your property directly to our Sotheby’s is required by law to collect and of payment methods mentioned on your
galleries where our specialists will give you Museum Services Tailored to meet the remit the appropriate sales tax in effect in invoice. To arrange for payment, please
auction estimates and advice. There is no unique needs of museums and non profits the state where the property is delivered. contact Post Sale Services at +1 212 606
charge for this service, but we request that in the marketplace, Museum Services offers New York State recognizes shippers 7444 or USPostSaleServices@sothebys.
you telephone ahead for an appointment. personal, professional assistance and advice such as the United States Postal Service, com. Payment will not be accepted at the
Inspection hours are 9:30 am to 5 pm, in areas including appraisals, deaccessions, United Parcel Service, FedEx, or the like as offsite facility. Dealers and resale clients
Monday through Friday. acquisitions and special events. “common carriers”. If a purchaser hires a should fill out the appropriate forms where
shipper other than a common carrier to pick applicable or contact Post Sale Services
(2) By photograph
If your property is not portable, or if you Corporate Art Services Devoted up property, Sotheby’s will collect New York with any questions.
to servicing corporations, Sotheby’s
sales tax at a rate of 8.875% regardless of
are not able to visit our galleries, you may
bring in or send a clear photograph of Corporate Art Services Department the ultimate destination of the goods. If a Loss and Liability Unless otherwise
agreed by Sotheby’s, all sold property must
purchaser utilizes a freight-forwarder who is
can prepare appraisal reports, advise
each item. If you have a large collection, a
representative selection of photographs on acquisitions and deaccessions, registered with the Transportation Security be removed from any of our premises
manage all aspects of consignment,
Administration (“TSA”) to deliver property
(including the SLP Warehouse) by the buyer
will do. Please be sure to include the
dimensions, artist’s signature or maker’s assist in developing arts-management outside of the United States, no sales tax at their expense no later than 30 calendar
strategies and create events catering to a
would be due on this transaction.
days following its sale. Buyers are reminded
mark, medium, physical condition and any
other relevant information. Our specialists corporation’s needs. Where Sotheby’s is Not Required that Sotheby’s liability for loss or damage to
sold property shall cease no later than 30
will provide a free preliminary auction
estimate subject to a final estimate upon to Collect Sales Tax Sotheby’s is not calendar days after the date of the auction.
required to collect sales tax on property
first-hand inspection. INFORMATION ON SALES
AND USE TAX RELATED TO delivered to states other than those listed Collection & Shipping Where applicable,
(3) In your home PURCHASES AT AUCTION above. If the property is delivered to a the SLP Warehouse requires 24 hours
Evaluations of property can also be made state where Sotheby’s is not required to advanced notice for collection of property.
in your home. The fees for such visits To better assist our clients, we have collect sales tax, it is the responsibility of Please arrange this through our Post
are based on the scope and diversity of prepared the following information on the purchaser to self-assess any sales or Sale Services team at +1 212 606 7444 or
property, with travel expenses additional. Sales and Use Tax related to property use tax and remit it to taxing authorities in USPostSaleServices@sothebys.com.
These fees may be rebated if you consign purchased at auction. that state.
your property for sale at Sotheby’s. If there Sotheby’s is not required to collect sales For in-person collections at our offsite
location, please alert Post Sale Services
is considerable property in question, we Why Sotheby’s Collects Sales Tax
can arrange for an informal “walkthrough.” tax for property delivered to the purchaser of your proposed collection date, ensure
Virtually all State Sales Tax Laws require outside of the United States. that all outstanding invoices have been
Once your property has been evaluated, a corporation to register with the State’s paid for, and that you or your agent have
Sotheby’s representatives can then help Tax Authorities and collect and remit sales Restoration and Other Services the appropriate photo identification upon
you determine how to proceed should you tax if the corporation either establishes or Regardless of where the property is arrival.
wish to continue with the auction process. maintains physical or economic presence subsequently transported, if any framing or If you are using your own shipper to
They will provide information regarding within the state. In the states that impose restoration services are performed on the
sellers’ commission rates and other sales tax, Tax Laws require an auction property in New York, it is considered to be collect property, please provide a letter of
authorization and instruct your shipper to
charges, auction venue, shipping and any house, with such presence in the state, to a delivery of the property to the purchaser
further services you may require. register as a sales tax collector, and remit in New York, and Sotheby’s will be required email their bill of lading to billsoflading
@sothebys.com and ensure the correct
sales tax collected to the state. New York to collect the 8.875% New York sales tax.
sales tax is charged on the hammer price, collection location is specified.
SOTHEBY’S SERVICES buyer’s premium and any other applicable Certain Exemptions Most states that Sotheby’s can arrange for delivery of your
charges on any property picked up or impose sales taxes allow for specified property through one of our contracted
delivered in New York, regardless of the exemptions to the tax. For example, a
Sotheby’s also offers a range of other vendors or can coordinate pick up at our
services to our clients beyond buying state or country in which the purchaser registered re-seller such as a registered art offsite location with you or your shipper di-
and selling at auction. These services are resides or does business. dealer may purchase without incurring a rectly. Please contact Post Sale Services at
summarized below. Further information on tax liability, and Sotheby’s is not required +1 212 606 7444 or USPostSaleServices
any of the services described below can be Where Sotheby’s Collects Sales Tax to collect sales tax from such re-seller. The @sothebys.com to start your collection
found at sothebys.com. Sotheby’s is currently registered to art dealer, when re-selling the property, process.
collect sales tax in the following states: may be required to charge sales tax to its
Valuations and Appraisals Sotheby’s Alabama, Arkansas, California, Colorado, client, or the client may be required to self- Important Notice Regarding Packing
Valuations and Appraisals Services offers Connecticut, District of Columbia, assess sales or use tax upon acquiring the As a courtesy to purchasers who come to
advice regarding personal property assets Florida, Georgia, Hawaii, Idaho, Illinois, property. Sotheby’s to pick up property, Sotheby’s
to trusts, estates, and private clients Indiana, Iowa, Kentucky, Maine, Maryland, will assist in packing framed paintings.
in order to help fiduciaries, executors, Massachusetts, Michigan, Minnesota, Local Tax Advisors As sales tax laws vary Sotheby’s is unable to remove canvases
advisors, and collectors meet their goals. Missouri, Nebraska, Nevada, New Jersey, from state to state, Sotheby’s recommends off stretchers or to roll works on paper.
We provide efficient and confidential New Mexico, New York, North Carolina, that clients with questions regarding the Purchasers are advised to contact an
advice and assistance for all appraisal Ohio, Oklahoma, Pennsylvania, Rhode application of sales or use taxes to property independent painting restorer to pack
and auction services. Sotheby’s can Island, South Carolina, Texas, Utah, purchased at auction seek tax advice from works in this manner.
prepare appraisals to suit a variety of Vermont, Virginia, Washington, Wisconsin their local tax advisors.
and Wyoming. For any property collected