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.
If you put your mind at the disposal of Mr. Pernice's art, much can happen; if not, not much. In addition to its free-ranging subject matter, its saving graces consist of an ineffable sincerity and a highly specific, oddly tender feeling for materials.
(R. Smith, Manfred Pernice, New York Times, 2001)