No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.
Christie's generally offer property consigned by others for sale at public auction. From time to time, lots are offered which Christie's International Plc or one of its subsidiary companies owns in whole or in part. Such a lot is offered subject to a reserve, unless otherwise stated. This is such a lot.
All sold lots not cleared by 2pm on Monday 02 April 2001 will be removed to the warehouse of:- Cadogan Tate Ltd., Fine Art Services Cadogan House, 2 Relay Road, London W12 7SJ. Tel: 44(0)20 8735 3700. Fax: 44(0)20 8735 3701. Lots will be available for collection following transfer to Cadogan Tate, every week-day from 9am to 5pm. An initial transfer and administration charge of £3.20 and a storage charge of £1.60 per lot per day will be payable to Cadogan Tate. These charges are subject to VAT and an insurance surcharge.