No VAT will be charged on the hammer price, but VAT at 15% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
On occasion, Christie's has a direct financial interest in lots consigned for sale which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. This is such a lot. This indicates both in cases where Christie's holds the financial interest on its own, and in cases where Christie's has financed all or a part of such interest through a third party. Such third parties generally benefit financially if a guaranteed lot is sold successfully and may incur a loss if the sale is not successful.
with Rutland Gallery, London, where acquired by the present owner, 19 May 1988.
Exhibition catalogue, Graham Sutherland, London, Crane Kalman Gallery, 1999, p. 33, no. 11, illustrated.
London, Crane Kalman Gallery, Graham Sutherland, April - June 1999, no. 11.