Page 142 - Christie's Chinese Works of Art St. George November 2018 London

on exporting and shipping property, and Prints, Engravings, Drawings and Mosaics △ Property in which Sotheby’s has an low estimate for the lot. If any lots in the
arranging delivery. EU LICENCE THRESHOLD: £12,305 Ownership Interest catalogue are offered without a reserve,
Lots with this symbol indicate that Sotheby’s these lots are indicated by a box (□). If all
For assistance please contact: There are separate thresholds for exporting owns the lot in whole or in part or has an lots in the catalogue are offered without a
Post Sale Services (Mon-Fri 9am to 5 pm) within the European Community. A UK economic interest in the lot equivalent to an reserve, a Special Notice will be included to
Tel +44 (0)20 7293 5220 Licence will be required for most items over ownership interest. this effect and the box symbol will not be
Fax +44 (0)20 7293 5910 50 years of age with a value of over £65,000. used for each lot.
Email: ukpostsaleservices@sothebys.com Some exceptions are listed below:- ⋑ Irrevocable Bids
Lots with this symbol indicate that a party ⊕ Property Subject to the Artist’s Resale
We will send you a quotation for shipping UK Licence Thresholds
your purchase(s). Transit risk insurance Photographic positive or negative or any has provided Sotheby’s with an irrevocable Right
may also be included in your quotation. If assemblage of such photographs bid on the lot that will be executed during Purchase of lots marked with this symbol
the sale at a value that ensures that the lot
(⊕) will be subject to payment of the Artist’s
the quotation is accepted, we will arrange UK LICENCE THRESHOLD: £10,000
the shipping for you and will despatch the Textiles (excluding carpets and tapestries) will sell. The irrevocable bidder, who may Resale Right, at a percentage of the hammer
price calculated as follows:
bid in excess of the irrevocable bid, may be
property as soon as possible after receiving UK LICENCE THRESHOLD: £12,000
your written agreement to the terms of British Historical Portraits compensated for providing the irrevocable Portion of the hammer price (in €)
bid by receiving a contingent fee, a fixed
the quotation, financial release of the UK LICENCE THRESHOLD: £10,000 Royalty Rate
property and receipt of any export licence or Sotheby’s recommends that you retain fee or both. If the irrevocable bidder is the From 0 to 50,000 4%
successful bidder, any contingent fee, fixed
certificates that may be required. Despatch From 50,000.01 to 200,000 3%
will be arranged at the buyer’s expense. all import and export papers, including fee or both (as applicable) for providing From 200,000.01 to 350,000 1%
the irrevocable bid may be netted against
licences, as in certain countries you may be
Sotheby’s may charge an administrative fee From 350,000.01 to 500,000 0.5%
for arranging the despatch. required to produce them to governmental the irrevocable bidder’s obligation to pay Exceeding 500,000 0.25%
authorities. the full purchase price for the lot and the
All shipments should be unpacked and purchase price reported for the lot shall be The Artist’s Resale Right payable will be
checked on delivery and any discrepancies Endangered Species Items made of or net of any such fees. From time to time, the aggregate of the amounts payable
incorporating plant or animal material,
notified immediately to the party identified such as coral, crocodile, ivory, whalebone, Sotheby’s may enter into irrevocable bid under the above rate bands, subject to a
in your quotation and/or the accompanying tortoiseshell, etc., irrespective of age or agreements that cover multiple lots. In such maximum royalty payable of 12,500 euros
documentation. instances, the compensation Sotheby’s will for any single work each time it is sold. The
value, may require a licence or certificate
Export The export of any lot from the UK prior to exportation and require additional pay the irrevocable bidder is allocated to maximum royalty payable of 12,500 euros
or import into any other country may be licences or certificates upon importation the lots for which the irrevocable bidder is applies to works sold for 2 million euros and
not the successful purchaser. Under such
above. Calculation of the artist’s resale right
subject to one or more export or import to any country outside the EU. Please
licences being granted. It is the buyer’s note that the ability to obtain an export circumstances, the total compensation to will be based on the pound sterling / Euro
reference exchange rate quoted on the date
the irrevocable bidder will not exceed the
responsibility to obtain any relevant export licence or certificate does not ensure
or import licence. The denial of any licence the ability to obtain an import licence or total buyer’s premium and other amounts of the sale by the European Central Bank.
paid to Sotheby’s in respect of any lots
required or delay in obtaining such licence certificate in another country, and vice ◉ Restricted Materials
cannot justify the cancellation of the sale versa. For example, it is illegal to import for which the irrevocable bidder is not Lots with this symbol have been identified
the successful bidder. If the irrevocable
or any delay in making payment of the total African elephant ivory into the United at the time of cataloguing as containing
amount due. States and there are other restrictions on bid is not secured until after the printing organic material which may be subject to
of the auction catalogue, Sotheby’s will
the importation of ivory into the US under restrictions regarding import or export.
Sotheby’s, upon request and for a n notify bidders that there is an irrevocable
administrative fee, may apply for a licence to certain US regulations which are designed bid on the lot by one or more of the The information is made available for the
convenience of Buyers and the absence
to protect wildlife conservation.
export your lot(s) outside the UK following means: a pre-sale or pre-lot
Sotheby’s suggests that buyers check with of the Symbol is not a warranty that there
• An EU Licence is necessary to export their own government regarding wildlife announcement, by written notice at the are no restrictions regarding import or
cultural goods subject to the EU import requirements prior to placing a auction or by including an irrevocable bid export of the Lot; Bidders should refer to
symbol in the e-catalogue for the sale prior
Regulation on the export of cultural bid. It is the buyer’s responsibility to obtain Condition 10 of the Conditions of Business
property (EEC No. 3911/92, Official any export or import licences and/or to the auction. From time to time, Sotheby’s for Buyers. Please also refer to the section
or any affiliated company may provide the
Journal No. L395 of 31/12/92) from the certificates as well as any other required on Endangered Species in the Buying
European Community. documentation (please refer to Condition irrevocable bidder with financing related to at Auction Guide. As indicated in the
the irrevocable bid. If the irrevocable bidder
10 of the Conditions of Business for Buyers Endangered Species section, Sotheby’s is
• A UK Licence is necessary to move printed in this catalogue). Please note that is advising anyone with respect to the lot, not able to assist buyers with the shipment
cultural goods valued at or above the Sotheby’s is not able to assist buyers with Sotheby’s requires the irrevocable bidder of any lots with this symbol into the US.
relevant UK Licence limits from the UK. to disclose his or her financial interest in the
the shipment of any lots containing ivory A buyer’s inability to export or import any
For export outside the European and/or other restricted materials into the lot. If an agent is advising you or bidding on lots with this symbol cannot justify a delay in
Community, an EU Licence will be required US. A buyer’s inability to export or import your behalf with respect to a lot identified payment or a sale’s cancellation.
as being subject to an irrevocable bid, you
for most items over 50 years of age with these lots cannot justify a delay in payment
a value of over £39,219. The following is a or a sale’s cancellation. should request that the agent disclose ∏ Monumental
Lots with this symbol may, in our opinion,
whether or not he or she has a financial
selection of categories of items for which
other value limits apply and for which interest in the lot. require special handling or shipping services
due to size or other physical considerations.
an EU Licence may be required. It is not EXPLANATION OF SYMBOLS ⊻ Interested Parties
exhaustive and there are other restrictions. Lots with this symbol indicate that parties Buyers are advised to inspect the lot and
The following key explains the symbols you with a direct or indirect interest in the lot to contact Sotheby’s prior to the sale to
EU Licence Thresholds may see inside this catalogue. may be bidding on the lot, including (i) the discuss any specific shipping requirements.
Archaeological objects beneficiary of an estate selling the lot, or Please refer to VAT information for Buyers
EU LICENCE THRESHOLD: ZERO ○ Guaranteed Property (ii) the joint owner of a lot. If the interested for VAT symbols used in this catalogue.
The seller of lots with this symbol has
Elements of artistic, historical or religious party is the successful bidder, they will be Value Added Tax (VAT) may be payable
monuments been guaranteed a minimum price from required to pay the full Buyer’s Premium. on the hammer price and/or the buyer’s
one auction or a series of auctions. This
EU LICENCE THRESHOLD: ZERO In certain instances, interested parties may premium. Buyer’s premium may attract a
Manuscripts, documents and archives guarantee may be provided by Sotheby’s have knowledge of the reserve. In the event charge in lieu of VAT. Please read carefully
or jointly by Sotheby’s and a third party.
(excluding printed matter) the interested party’s possible participation the “VAT INFORMATION FOR BUYERS”
EU LICENCE THRESHOLD: ZERO Sotheby’s and any third parties providing in the sale is not known until after the printed in this catalogue.
a guarantee jointly with Sotheby’s benefit
Architectural, scientific and engineering printing of the auction catalogue, a pre-lot
drawings produced by hand financially if a guaranteed lot is sold announcement will be made indicating that
successfully and may incur a loss if the
EU LICENCE THRESHOLD: £12,305 interested parties may be bidding on the lot.
Photographic positive or negative or any sale is not successful. If the Guaranteed VAT AND OTHER TAX
Property symbol for a lot is not included in
assemblage of such photographs □ No Reserve INFORMATION FOR
EU LICENCE THRESHOLD: £12,305 the printing of the auction catalogue, a pre- Unless indicated by a box (□), all lots in this BUYERS AT BOOKS SALES
sale or pre-lot announcement will be made
Textiles (excluding carpets and tapestries) catalogue are offered subject to a reserve. The following paragraphs are intended
EU LICENCE THRESHOLD: £41,018 indicating that there is a guarantee on the A reserve is the confidential hammer price to give general guidance to buyers on
lot. If every lot in a catalogue is guaranteed,
Paintings in oil or tempera established between Sotheby’s and the the VAT and certain other potential tax
EU LICENCE THRESHOLD: £123,055 the Important Notices in the sale catalogue seller and below which a lot will not be sold. implications of purchasing at Sotheby’s
will so state and this symbol will not be used
Watercolours, gouaches and pastels The reserve is generally set at a percentage book department sales. The information
EU LICENCE THRESHOLD: £24,611 for each lot. of the low estimate and will not exceed the concerns the most usual circumstances and
140 SOTHEBY’S