Page 95 - Sotheby's Jie Rui Tang Collection Part II Kangxi Porcelain March 2019

other types may not be resold in the United (3) In your home Where Sotheby’s is Not Required
States. Upon request, Sotheby’s is willing Evaluations of property can also be made INFORMATION ON SALES to Collect Sales Tax Sotheby’s is not
to assist the purchaser in attempting to in your home. The fees for such visits AND USE TAX RELATED TO required to collect sales tax on property
obtain the appropriate licenses and/or are based on the scope and diversity of PURCHASES AT AUCTION delivered to states other than those listed
certificates. However, there is no assurance property, with travel expenses additional. above. If the property is delivered to a
that an export license or certificate can be These fees may be rebated if you consign To better assist our clients, we have state where Sotheby’s is not required to
obtained. Please check with the specialist your property for sale at Sotheby’s. If there prepared the following information on collect sales tax, it is the responsibility of
depart ment or the Shipping Department is considerable property in question, we Sales and Use Tax related to property the purchaser to self-assess any sales or
if you are uncertain as to whether a lot is can arrange for an informal “walkthrough.” purchased at auction. use tax and remit it to taxing authorities in
subject to these export/import license Once your property has been evaluated, that state.
and certificate require ments, or any other Sotheby’s representatives can then help Why Sotheby’s Collects Sales Tax Sotheby’s is not required to collect sales
restrictions on exportation. Virtually all State Sales Tax Laws require
you determine how to proceed should you a corporation to register with the State’s tax for property delivered to the purchaser
wish to continue with the auction process. outside of the United States.
The Art Loss Register As part of They will provide information regarding Tax Authorities and collect and remit sales
Sotheby’s efforts to support only the sellers’ commission rates and other tax if the corporation either establishes or Restoration and Other Services
legitimate art market and to combat the charges, auction venue, shipping and any maintains physical or economic presence Regardless of where the property is
illegitimate market in stolen property, further services you may require. within the state. In the states that impose subsequently transported, if any framing or
Sotheby’s has retained the Art Loss sales tax, Tax Laws require an auction restoration services are performed on the
Register to check all uniquely identifiable house, with such presence in the state, to property in New York, it is considered to be
items offered for sale in this catalogue that register as a sales tax collector, and remit a delivery of the property to the purchaser
are estimated at more than the equivalent SOTHEBY’S SERVICES sales tax collected to the state. New York in New York, and Sotheby’s will be required
of US$1,500 against the Art Loss Register’s sales tax is charged on the hammer price, to collect the 8.875% New York sales tax.
computerized database of objects reported Sotheby’s also offers a range of other buyer’s premium and any other applicable
as stolen or lost. The Art Loss Register services to our clients beyond buying charges on any property picked up or Certain Exemptions Most states that
is pleased to provide purchasers with a and selling at auction. These services are delivered in New York, regardless of the impose sales taxes allow for specified
certificate confirming that a search has summarized below. Further information on state or country in which the purchaser exemptions to the tax. For example, a
been made. All inquiries regarding search any of the services described below can be resides or does business. registered re-seller such as a registered art
certificates should be directed to The Art found at sothebys.com. dealer may purchase without incurring a
Loss Register, First Floor, 63-66 Hatten Where Sotheby’s Collects Sales Tax tax liability, and Sotheby’s is not required
Garden, London EC1N 8LE or by email at Valuations and Appraisals Sotheby’s Sotheby’s is currently registered to collect to collect sales tax from such re-seller. The
artloss@artloss.com. The Art Loss Register Valuations and Appraisals Services offers sales tax in the following states: Alabama, art dealer, when re-selling the property,
does not guarantee the provenance or advice regarding personal property assets California, Colorado, Connecticut, District may be required to charge sales tax to its
title of any catalogued item against which to trusts, estates, and private clients of Columbia, Florida, Georgia, Hawaii, client, or the client may be required to self-
they search, and will not be liable for any in order to help fiduciaries, executors, Illinois, Indiana, Iowa, Kentucky, Maine, assess sales or use tax upon acquiring the
direct or consequential losses of any nature advisors, and collectors meet their goals. Maryland, Massachusetts, Michigan, property.
howsoever arising. This statement and the We provide efficient and confidential Minnesota, Missouri, Nebraska, Nevada,
ALR’s service do not affect your rights and advice and assistance for all appraisal New Jersey, New York, North Carolina, Ohio, Local Tax Advisors As sales tax laws vary
obligations under the Conditions of Sale and auction services. Sotheby’s can Oklahoma, Pennsylvania, Rhode Island, from state to state, Sotheby’s recommends
applicable to the sale. prepare appraisals to suit a variety of South Carolina, Texas, Utah, Vermont, that clients with questions regarding the
needs, including estate tax and planning, Washington, Wisconsin and Wyoming. For
insurance, charitable contribution and any property collected or received by the application of sales or use taxes to property
purchased at auction seek tax advice from
SELLING AT AUCTION collateral loan. Our appraisals are widely purchaser in New York City, such property their local tax advisors.
accepted by the Internal Revenue Service, is subject to sales tax at the existing New
tax and estate planning professionals, York State and City rate of 8.875%.
If you have property you wish to sell, and insurance firms. In the event that
Sotheby’s team of specialists and client a sale is considered, we are pleased to Sotheby’s Arranged Shipping If the GLOSSARY OF TERMS
services representatives will assist you provide auction estimates, sales proposals
through the entire process. Simply contact and marketing plans. When sales are property is delivered into any state in The following are examples of the termi-
which Sotheby’s is registered, Sotheby’s
the appropriate specialist (specialist underway, the group works closely with nology used in this catalogue. Please note
departments are listed in the back of this the appropriate specialist departments is required by law to collect and remit the that all statements made in this catalogue
appropriate sales tax in effect in the state
catalogue), General Inquiries Department to ensure that clients’ needs are met are made subject to the provisions of the
or a Sotheby’s regional office representative promptly and efficiently. where the property is delivered. Conditions of Sale and Terms of Guarantee
for suggestions on how best to arrange for printed in this catalogue:
evaluation of your property. Client Arranged Shipping Property
Financial Services Sotheby’s offers a collected from Sotheby’s New York
wide range of financial services including premises by a common carrier hired by the GLOSSARY FOR CHINESE CERAMICS
Property Evaluation There are three advances on consignments, as well as purchaser for delivery at an address outside AND WORKS OF ART
general ways evaluation of property can be loans secured by art collections not
conducted: of New York is not subject to New York Sales Pottery Figure of a Horse, Tang Dynasty
intended for sale. Tax, but if the property is delivered into This heading, with date or period included,
any state in which Sotheby’s is registered,
(1) In our galleries Museum Services Tailored to meet the Sotheby’s is required by law to collect and means that the piece is, in our opinion,
You may bring your property directly to our unique needs of museums and non profits of the date or period indicated with no
galleries where our specialists will give you in the marketplace, Museum Services remit the appropriate sales tax in effect in major alterations or replacements unless
the state where the property is delivered.
auction estimates and advice. There is no offers personal, professional assistance otherwise in dicated in the cataloguing.
charge for this service, but we request that and advice in areas including appraisals, New York State recognizes shippers With respect to ceramics and sculpture,
such as the United States Postal Service,
you telephone ahead for an appointment. deaccessions, acquisitions and special if, in our opinion, the piece was made at
Inspection hours are 9:30 am to 5 pm, events. United Parcel Service, FedEx, or the like as a specific kiln or location, the name of
“common carriers”. If a purchaser hires a
Monday through Friday. the kiln or location will appear in bold or
shipper other than a common carrier to pick
(2) By photograph Corporate Art Services Devoted up property, Sotheby’s will collect New York capital letters, i.e., DING OVOID VASE,
If your property is not portable, or if you to servicing corporations, Sotheby’s sales tax at a rate of 8.875% regardless of SONG DYNASTY. However, if the heading
are not able to visit our galleries, you may Corporate Art Services Department the ultimate destination of the goods. If a appears as follows, ‘DING’ OVOID VASE,
bring in or send a clear photograph of can prepare appraisal reports, advise purchaser utilizes a freight-forwarder who is SONG DYNASTY, this indicates that, in
each item. If you have a large collection, a on acquisitions and deaccessions, registered with the Transportation Security our opinion, the piece is of the Ding type
representative selection of photographs manage all aspects of consignment, Administration (“TSA”) to deliver property or location, and although of the date
will do. Please be sure to include the assist in developing arts-management outside of the United States, no sales tax specified, not necessarily made at the Ding
dimensions, artist’s signature or maker’s strategies and create events catering to a would be due on this transaction. kiln or location.
mark, medium, physical condition and any corporation’s needs. Pottery Figure of a Horse, Tang Style
other relevant information. Our specialists This inclusion of the word “style” indicates
will provide a free preliminary auction that, in our opinion, either the piece (i)
estimate subject to a final estimate upon
first-hand inspection.
KANGXI: THE JIE RUI TANG COLLECTION, PART II 93