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.
Kukje Gallery, Seoul.
Anon. sale., Phillips de Pury & Company London, 18 October 2008, lot 343.
Acquired from the above by the present owner.
Seoul, Kukje Gallery, Tim Noble & Sue Webster, The Joy of Sex, October-November, 2005.