Lot Description | Symbols Glossary

Lot Description | Symbols Glossary

Lot Description | Symbols Glossary

LOT DESCRIPTION: SYMBOLS GLOSSARY

λ Indicates that this lot may be subject to Droit de Suite royalty charges.

From 1st January 2012 all UK art market professionals are required to collect a royalty payment for all works of art that have been produced by qualifying artists each time a work is re-sold during the artist’s lifetime and for a period up to 70 years following the artists death. This payment is only calculated on qualifying works of art which are sold for a hammer price more than the UK sterling equivalent of EURO 1,000. Please see our Terms and Conditions for a full definition of these charges. For a complete list of the royalty charges and threshold levels, please see www.dacs.org.uk.

Y Indicates that this lot may be subject to CITES regulations when exported. Relevant CITES Regulations information may be found here.

 Indicates that VAT is payable by the purchaser at the standard rate of 20% on the hammer price as well as being charged on the buyers’ premium.

Ɵ Indicates that the lot is a zero rated item and therefore subject to buyer’s premium of 25% exclusive of VAT (0% VAT). This applies to bound books (manuscripts and printed), unframed maps and albums.

 Indicates that the lot is being sold whilst subject to temporary importation and that VAT is due at the reduced rate (5%).

Ω Indicates that the lot has been imported from outside the EU and is liable to the standard rate of Import VAT currently 20% on the hammer price.

ß Indicates that the lot is offered in Bond. This applies to wine. Bidding will be at duty paid prices other than for those lots marked ‘IN BOND/β’. Dreweatts’ Wine Department will contact buyers who have purchased wine ‘IN BOND/β’ to ascertain if the wine is to be removed from bond or transferred to a bonded account. Buyers of wine to be removed from bond will be invoiced duty and vat on the hammer price at the prevailing rates. VAT will also be added to the buyer’s premium on lots purchased whether or not they remain ‘in bond’.

 

Please see our Terms & Conditions for more information.

Terms and Conditions

Find out more

Buying at Dreweatts

Find out more

Dreweatts Auction Alerts

Sign up for auction alerts and our monthly newsletter to receive expert analysis and insights from our specialists and keep up-to-date on forthcoming auctions, valuation days and previews.

* indicates required
Select your interests
Top