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.
These lots have been imported from outside the EU for sale using a Temporary Import regime. Import VAT is payable (at 5%) on the Hammer price. VAT is also payable (at 20%) on the buyer’s Premium on a VAT inclusive basis. This VAT is not shown separately on the invoice. When a buyer of such a lot has registered an EU address but wishes to export the lot or complete the import into another EU country, he must advise Christie's immediately after the auction.
Galeria Fortes Vilaça, São Paulo.
Anon. sale, Christie's New York, 17 May 2007, lot 508.
Acquired at the above sale by the present owner.
PROPERTY FROM AN IMPORTANT PRIVATE COLLECTION
P. Corrêa de Lago (ed.), Vik Muniz: Obra Completa 1987-2009, Rio de Janeiro 2009 (another from the edition illustrated, p. 522).
New York, Sean Kelly Gallery, Marilyn: From Anastasi to Weegee, 2004 (another from the edition exhibited).