Page 148 - Sothebys Important Chinese Art London May 2018

can advise buyers on exporting and There are separate thresholds for exporting Ⴄ Property in which Sotheby’s has an that interested parties may be bidding on
shipping property, and arranging delivery. within the European Community. A UK Ownership Interest the lot.
For assistance please contact: Licence will be required for most items Lots with this symbol indicate that ႒ No Reserve
Post Sale Services (Mon-Fri 9am to 5pm) over 50 years of age with a value of over Sotheby’s owns the lot in whole or in part
Unless indicated by a box (႒), all lots in this
Tel +44 (0)20 7293 5220 £65,000. Some exceptions are listed or has an economic interest in the lot catalogue are o! ered subject to a reserve.
Fax +44 (0)20 7293 5910 below:- equivalent to an ownership interest.
A reserve is the conÞ dential hammer price
Email: ukpostsaleservices@sothebys.com UK Licence Thresholds Premium Lots established between Sotheby’s and the
We will send you a quotation for
Photographic positive or negative or any In order to bid on “Premium Lots” in seller and below which a lot will not be sold.
shipping your purchase(s). Transit risk assemblage of such photographs The reserve is generally set at a percentage
insurance may also be included in your print catalogue or²in eCatalogue) you
UK LICENCE THRESHOLD: £10,000 must complete the required Premium of the low estimate and will not exceed the
quotation. If the quotation is accepted, we Textiles (excluding carpets and tapestries) low estimate for the lot. If any lots in the
will arrange the shipping for you and will Lot pre-registration application and
UK LICENCE THRESHOLD: £12,000 arrange for Sotheby’s to receive your catalogue are o! ered without a reserve,
despatch the property as soon as possible British Historical Portraits these lots are indicated by a box (႒). If all
after receiving your written agreement pre-registration application at least three
UK LICENCE THRESHOLD: £10,000 working days before the sale. Sotheby’s lots in the catalogue are o! ered without a
to the terms of the quotation, Þ nancial reserve, a Special Notice will be included to
release of the property and receipt of any Sotheby’s recommends that you retain may require such Þ nancial references,
guarantees, deposits and/or such other this e! ect and the box symbol will not be
export licence or certiÞ cates that may be all import and export papers, including used for each lot.
required. Despatch will be arranged at the licences, as in certain countries you may be security as Sotheby’s deems necessary in
its absolute discretion as security for any
buyer’s expense. Sotheby’s may charge required to produce them to governmental ๨ Property Subject to the Artist’s Resale
an administrative fee for arranging the authorities. client wishing to bid on a Premium Lot at Right
auction. Please bear in mind that we are
despatch. Endangered Species Items made of or Purchase of lots marked with this symbol
All shipments should be unpacked and unable to obtain Þ nancial references over (๨) will be subject to payment of the
incorporating plant or animal material, weekends or public holidays. Sotheby’s
checked on delivery and any discrepancies such as coral, crocodile, ivory, whalebone, Artist’s Resale Right, at a percentage of the
notiÞ ed immediately to the party decision whether to accept any pre- hammer price calculated as follows:
tortoiseshell, etc., irrespective of age or registration application shall be Þ nal. If
identiÞ ed in your quotation and/or the value, may require a licence or certiÞ cate Portion of the hammer price (in €)
accompanying documentation. your application is accepted you will be
prior to exportation and require additional provided with a special paddle number. Royalty Rate
Export The export of any lot from the UK licences or certiÞ cates upon importation The Bidnow online bidding service is From 0 to 50,000 4%
or import into any other country may be to any country outside the EU. Please not available for Premium Lots. Please From 50,000.01 to 200,000 3%
subject to one or more export or import note that the ability to obtain an export contact the Bids Department to register. From 200,000.01 to 350,000 1%
licences being granted. It is the buyer’s licence or certiÞ cate does not ensure ຤ Irrevocable Bids From 350,000.01 to 500,000 0.5%
responsibility to obtain any relevant export the ability to obtain an import licence or Exceeding 500,000 0.25%
Lots with this symbol indicate that a party
or import licence. The denial of any licence certiÞ cate in another country, and vice has provided Sotheby’s with an irrevocable The Artist’s Resale Right payable will be
required or delay in obtaining such licence versa. For example, it is illegal to import
bid on the lot that will be executed during the aggregate of the amounts payable
cannot justify the cancellation of the sale African elephant ivory into the United the sale at a value that ensures that the lot under the above rate bands, subject to a
or any delay in making payment of the total States and there are other restrictions on
will sell. The irrevocable bidder, who may maximum royalty payable of 12,500 euros
amount due. the importation of ivory into the US under bid in excess of the irrevocable bid, may be for any single work each time it is sold. The
Sotheby’s, upon request and for a n certain US regulations which are designed
compensated for providing the irrevocable maximum royalty payable of 12,500 euros
administrative fee, may apply for a licence to protect wildlife conservation. bid by receiving a contingent fee, a Þ xed applies to works sold for 2 million euros and
to export your lot(s) outside the UK Sotheby’s suggests that buyers check with
fee or both. If the irrevocable bidder is the above. Calculation of the artist’s resale right
• An EU Licence is necessary to export their own government regarding wildlife successful bidder, any contingent fee, Þ xed will be based on the pound sterling / Euro
cultural goods subject to the EU import requirements prior to placing a bid.
fee or both (as applicable) for providing reference exchange rate quoted on the
Regulation on the export of cultural It is the buyer’s responsibility to obtain the irrevocable bid may be netted against date of the sale by the European Central
property (EEC No. 3911/92, O' cial any export or import licences and/or
the irrevocable bidder’s obligation to pay Bank.
Journal No. L395 of 31/12/92) from the certiÞ cates as well as any other required the full purchase price for the lot and the
European Community. documentation (please refer to Condition Ⴚ Restricted Materials
purchase price reported for the lot shall
• A UK Licence is necessary to move 10 of the Conditions of Business for Buyers be net of any such fees. If the irrevocable Lots with this symbol have been identiÞ ed
cultural goods valued at or above the printed in this catalogue). Please note that at the time of cataloguing as containing
bid is not secured until after the printing
relevant UK Licence limits from the UK. Sotheby’s is not able to assist buyers with of the auction catalogue, Sotheby’s will organic material which may be subject to
the shipment of any lots containing ivory restrictions regarding import or export.
For export outside the European notify bidders that there is an irrevocable
and/or other restricted materials into the The information is made available for the
Community, an EU Licence will be required US. A buyer’s inability to export or import bid on the lot by one or more of the convenience of Buyers and the absence
for most items over 50 years of age with following means: a pre-sale or pre-lot
these lots cannot justify a delay in payment of the Symbol is not a warranty that there
a value of over £41,018. The following is a or a sale’s cancellation. announcement, by written notice at the are no restrictions regarding import or
selection of categories of items for which auction or by including an irrevocable bid
other value limits apply and for which symbol in the e-catalogue for the sale prior export of the Lot; Bidders should refer to
Condition 10 of the Conditions of Business
an EU Licence may be required. It is not to the auction. If the irrevocable bidder is
exhaustive and there are other restrictions. EXPLANATION OF SYMBOLS advising anyone with respect to the lot, for Buyers. Please also refer to the section
on Endangered Species in the Buying
The following key explains the symbols you Sotheby’s requires the irrevocable bidder
EU Licence Thresholds may see inside this catalogue. to disclose his or her Þ nancial interest in the at Auction Guide. As indicated in the
Archaeological objects Endangered Species section, Sotheby’s is
lot. If an agent is advising you or bidding on
EU LICENCE THRESHOLD: ZERO Ⴜ Guaranteed Property your behalf with respect to a lot identiÞ ed not able to assist buyers with the shipment
Elements of artistic, historical or religious The seller of lots with this symbol has of any lots with this symbol into the US.
monuments been guaranteed a minimum price from as being subject to an irrevocable bid, you A buyer’s inability to export or import any
should request that the agent disclose
EU LICENCE THRESHOLD: ZERO one auction or a series of auctions. This lots with this symbol cannot justify a delay
Manuscripts, documents and archives guarantee may be provided by Sotheby’s whether or not he or she has a Þ nancial in payment or a sale’s cancellation.
interest in the lot.
(excluding printed matter) or jointly by Sotheby’s and a third party. ෢ Monumental
EU LICENCE THRESHOLD: ZERO Sotheby’s and any third parties providing ຎ Interested Parties Lots with this symbol may, in our opinion,
Architectural, scientiÞ c and engineering a guarantee jointly with Sotheby’s beneÞ t Lots with this symbol indicate that parties require special handling or shipping
drawings produced by hand Þ nancially if a guaranteed lot is sold with a direct or indirect interest in the lot services due to size or other physical
EU LICENCE THRESHOLD: £12,305 successfully and may incur a loss if the may be bidding on the lot, including (i) the considerations. Buyers are advised to
Photographic positive or negative or any sale is not successful. If the Guaranteed beneÞ ciary of an estate selling the lot, or inspect the lot and to contact Sotheby’s
assemblage of such photographs Property symbol for a lot is not included in (ii) the joint owner of a lot. If the interested prior to the sale to discuss any speciÞ c
EU LICENCE THRESHOLD: £12,305 the printing of the auction catalogue, a pre- party is the successful bidder, they will be shipping requirements.
Textiles (excluding carpets and tapestries) sale or pre-lot announcement will be made required to pay the full Buyer’s Premium.
EU LICENCE THRESHOLD: £41,018 indicating that there is a guarantee on the In certain instances, interested parties may Please refer to VAT information for Buyers
Paintings in oil or tempera lot. If every lot in a catalogue is guaranteed, have knowledge of the reserve. In the event for VAT symbols used in this catalogue.
EU LICENCE THRESHOLD: £123,055 the Important Notices in the sale catalogue the interested party’s possible participation Value Added Tax (VAT) may be payable
Watercolours, gouaches and pastels will so state and this symbol will not be in the sale is not known until after the on the hammer price and/or the buyer’s
EU LICENCE THRESHOLD: £24,611 used for each lot. printing of the auction catalogue, a pre-lot premium. Buyer’s premium may attract a
Prints, Engravings, Drawings and Mosaics announcement will be made indicating charge in lieu of VAT. Please read carefully
EU LICENCE THRESHOLD: £12,305
146 SOTHEBY’S