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.
Artist''s Resale Right ("droit de Suite").
If the Artist''s Resale Right Regulations 2006 apply to this lot, the buyer also 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 at a rate of 20% will be payable on both the hammer price and
the Buyer’s premium. It will be refunded to the Buyer upon proof of
export of the lot outside the European Union within the legal time
limit. (Please refer to section VAT refunds).
The Property of a Distinguished European Collector