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.
Artist's Resale Right ("Droit de Suite"). Artist's Resale Right Regulations 2006 apply to this lot, the buyer agrees to pay us an amount equal to the resale royalty provided for in those Regulations, and we undertake to the buyer to pay such amount to the artist's collection agent.
Acquired directly from the artist by the present owner.
Please note that the authenticity of this work has kindly been confirmed by the artist.
When I make a really fine painting it's as if it's more than me, it's bigger than I am. And I see the painting with the same surprise as anyone else looking at it.
Markus Lüpertz quoted in Stuart Morgan, "An Interview with Markus Lüpertz", Inclinations, Frieze Publications, 2006, p.158