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.
Anonymous sale, Sotheby's, London, 12 April 1972, lot 114.
Galerie Jean Chauvelin, Paris.
Anonymous sale, Sotheby's, London, 4 July 1974, lot 6.
Acquired at the above sale by the previous owner.
PROPERTY FROM THE HOH COLLECTION
Paris, Galerie Barreiro, Exposition Rétrospective Véra Rockline: peintures, pastels, dessins 1919-1934, November 1934, no. 5.
Altenburg, Lindenau-Museum, Internationale Sprachen der Kunst: Gemälde, Zeichnungen und Skulpturen der Klassischen Moderne aus der Sammlung Hoh, August - October 1998, no. 70, p. 190 (illustrated p. 191); this exhibition later travelled to Osnabrück, Kulturgeschichtliches Museum Felix-Nussbaum-Haus, February - May 1999; Dortmund, Museum am Ostwall, September 1999 - January 2000 and Nuremberg, Germanisches Nationalmuseum, March - July 2000.
Hamburg, Ernst Barlach Haus, Kunst ohne Grenzen: Werke der internationalen Avantgarde von 1910 bis 1940 aus der Sammlung Hoh, January - April 2005, no. 19 (illustrated p. 40).