Plus buyer’s premium of 29.4% inclusive of VAT @ 20%. No online surcharge for bids placed on the Cheffins website.
The dagger symbol (†) indicates a lot on which VAT is payable by the Buyer at the standard rate (presently 20%) on the Hammer Price.
The asterisk symbol (*) indicates that the lot has been imported from outside the UK and is currently liable to a reduced rate of VAT (5%) on the hammer price, the buyer’s premium of 29.4% (24.5% + VAT at the standard rate) is also due.
In addition to the Purchase Price, lots indicated with this symbol (§) may qualify for and be subject to payment by the Buyer of the Artist’s Resale Right at a percentage of the Hammer Price calculated as follows:
| Portion of the Hammer Price |
Percentage Rate |
| From €1,000 to €50,000 |
4% |
| From €50,001 to €200,000 |
3% |
| From €200,001 to €350,000 |
1% |
| From €350,001 to €500,000 |
0.5% |
| Exceeding €500,000 |
0.25% |
The total amount payable will be the aggregate of the sum payable under each of the above rate bands, up to a maximum total amount of €12,500 for any single lot.
Any Artist’s Resale Rights royalties will be calculated on the pound sterling/Euro exchange rate quoted on the date of the sale by the European Central Bank