From 14th February 2006 all UK art market professionals (which includes, but is not limited to: auctioneers, dealers, galleries, agents and other intermediaries) are required to collect a royalty payment for all works of art that have been produced by living artists. 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 – the UK sterling equivalent will fluctuate in line with prevailing exchange rates.
It is entirely the responsibility of the buyer to acquaint himself with the precise EURO to UK sterling exchange rate on the day of the sale in this regard, and the auctioneer accepts no responsibility whatsoever if the qualifying rate is different to the rate indicated.
All items in this catalogue that are marked with DDS are potentially qualifying items, and the royalty charge will be applied if the hammer price achieved is more that the UK sterling equivalent of EURO 1,000. The royalty charges are passed on to the Design and Artists Copyright Society (‘DACS’) no handling costs or additional fees with respect to these charges will be retained by the auctioneers.
The royalty charge that will be applied to qualifying items which achieve a hammer price of more than the UK sterling equivalent of EURO 1,000 but less than the UK sterling equivalent of EURO 50,000 is 4%. For qualifying items that sell for more than the UK sterling equivalent of EURO 50,000 a sliding scale of royalty charges will apply – for a complete list of the royalty charges and threshold levels, please see www.dacs.org.uk. There is no VAT payable on this royalty charge.
Terms used by the auctioneer have the meanings ascribed to them below and any statements as to authorship, attribution, origin, date, age, provenance and condition, is an opinion and is not be taken as statement or representation of fact.
Full Name(s) or recognised title of an artist, without any qualifications - In our opinion a work by the artist.
Initials of the forename(s) and the surname of the artist - In our opinion a work of the period of the artist which may be wholly or in part his work.
Surname only of the artist - In our opinion a work of the school or by one of the followers of the artist.
'Attributed to …." - In our opinion probably a work by the artist in whole or in part.
'Manner of ….' Or 'Circle of ….' - In our opinion a work executed in the artists style, or showing his influence, either of the period or at a later date.
'After ….' - In our opinion a copy of any date of a work by the artist.
'signed ….' / 'dated ….' / 'inscribed ….' - In our opinion a work by the artist.
'bears signature ….' / 'bears date ….' / 'bears inscription ….' - In our opinion appears to be any another hand.
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