PURCHASES Stand: 1.11.2016 ARTIST’S RESALE RIGHT In accordance with § 26 of the German Copyright Law / UrhG VAN HAM is legally obligated to pay droit de suite (artist’s resale right) on all original works of art as well as original photographic works, whose authors have not been deceased at least 70 years before the end of the legal year of purchase. The buyer is currently required to contribute 1.5 % of the hammer price for this purpose. PAYMENT Purchases must be paid in cash, by cheque or EC card during the auction resp. two weeks after invoicing at the latest. Invoices made during or immediately after the auction are subject to review and may be corrected. In case of remittance or payment in other currencies, exchange losses and bank expenses go to the account of the purchaser. In case of payment delay, interest to the amount of 1 % per started month may be added to the invoice total. PICK-UP Paid objects may be picked up during the auction. In case of pickup at a later date, we kindly request notification in order to avoid waiting times. Objects not picked up three weeks after invoicing at the latest may be stored at the purchaser’s expenses. SHIPMENT/EXPORT LICENCE Upon receipt of a written shipment notification, shipment will be made to the best conditions possible and will be insured upon request. For shipment to a NON-EU-country in case of invoices of more than € 1,000 export documents have to be presented at costumes which we will prepare for your for a fee of € 25. AUCTION RESULTS Auction results are transferred in real time to the online catalogue. No responsibility is taken for the correctness of the results. List of results and unsold items will be mailed upon request. Starting the first workday after the auction, you may enquire about the results and find them at www.van-ham.com (telephone: +49 221 925862- 0). AFTER SALE Starting the first day after the auction, the unsold objects may be inspected at our premises and may be purchased at the estimate plus premium. One Euro is equivalent to 1.07 US $ concerning the estimates. CATALOGUE MAILING We will be happy to send you our latest catalogue which you may order by telephone +49 221 925862 -13 or via our home page (www.van-ham.com) and pay by credit card. You may also order a catalogue subscription. PREVIEW All items to be auctioned may be inspected at our premises during our preview. Our experts will be available for any questions you might have. COMMISSION/TELEPHONE BIDS Please note that written or faxed bids or bids via our online catalogue must be received at least 24 hours before the auction commences. Otherwise we will not be able to warrant consideration. The stated maximum bid will only be exploited until the reserve has been achieved or a bidder at the auction resp. other written quotations are outbid. On lots with estimates exceeding € 500 you are also able to bid by telephone. OFFER FOR SALE AND AUCTIONING The objects listed in the catalogue will be offered for sale approximately 20 % below the estimated price i.e. usually below the reserve. Auctioning will progress in max. 10 %-steps; the auctioneer reserves the right to deviations. BUYERS PREMIUM For objects sold under the margin scheme a buyers premium of 28 % on the first € 250,000 and 25 % on all monies in excess thereof including VAT will be added on the bid award. Lots marked with * will be sold with VAT and are calculated in line with standard taxation, i.e. statutory turnover tax is levied on the bid price plus 24 % premium on the first € 250,000 and 21% on all monies in excess thereof. VAT currently amounts to 19 %. Dealers who are entitled to prior-tax deduction generally have the option of regular taxation. We kindly request these dealers to inform us before invoicing. ACQUISITION FROM THIRD COUNTRIES Objects, that have been imported from outside the EU to be sold at auction under Temporary Admission, marked with “N”. When VAN HAM releases such property to the buyer, he/she will become the importer and must pay VAN HAM’s import VAT of currently 7 % to VAN HAM. These lots will be invoiced under the margin scheme and are thus offered under on-charging the import VAT as apportionment in the amount of 8 %. By the recharging of the import sales tax the buyer’s premium increases to 36 % for the first € 250,000 and to 33 % for the exceeding amount. The import sales tax as such is not separately identified. Upon request immediately after the auction the invoice for these objects can be made out with regular taxation. The value added tax can then entitle to deduct pre-tax or be refunded with an export certificate for a third country.
Katalog 392 | Design
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