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.
VAT rate of 5% is payable on hammer price and at 17.5% on the buyer's premium.
Please note that the correct provenance should be:
Modern Art, London.
Acquired from the above by the present owner in 2005.