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

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