Updated on
Tue, 29 Oct, 2024 at 11:28 AM
Successful bidders will receive an invoice with taxes applied according to their account shipping preferences. To change your preferences, please visit your account and edit your custom shipping preferences.
The final amount due will always include the hammer price, the buyer’s premium, the overhead premium and, for certain locations, a re-sale royalty (when an EEA artist’s work is resold. Lots marked by a ⊕.)
Please note: New terms for sellers will be reflected for consignments signed after April 15, 2024, and new buyer's premiums will go into effect globally on May 20, 2024.
Local taxes will also apply on your purchase invoice according to the item status and the type of delivery chosen :
Sale Location | Collection | Client shipper | Sotheby’s shipping |
France Italy Germany Switzerland | · Local VAT on BP and OP · + potential other VAT according to the status of the lot VAT details and refunds* | · Local VAT on BP and OP · + potential other VAT according to the status of the lot VAT details and refunds* | Deliveries in EU : · Local VAT on BP and OP · + potential other VAT according to the status of the lot Deliveries outside EU : · US : State sale tax · Other : NA Other local taxes may become payable upon import of items. VAT details and refunds* |
UK | Local VAT on BP and OP · + potential other VAT according to the status of the lot VAT details and refunds* | Local VAT on BP and OP · + potential other VAT according to the status of the lot VAT details and refunds* | Deliveries within UK : · Local VAT on BP and OP · + potential other VAT according to the status of the lot Deliveries outside the UK: · US : State sale tax · Other : NA Other local taxes may become payable upon import of items. VAT details and refunds* |
US | NYC sales tax will apply** | We are required to collect sales tax on any purchased item that is collected by a client’s shipper if the shipper is not a common carrier regardless of the ultimate destination of the property, unless the purchase is made for resale and a valid resale exemption certificate is on file. In addition, for international shipments, if a freight-forwarder who is registered with the Transportation Security Administration (TSA) is hired by the client to deliver property outside of the United States, no sales tax would be due. New York and New Jersey States recognize shippers such as the United States Postal Service, United Parcel Service, FedEx or like carriers as common carriers for sales tax purposes. | Deliveries within US:
|
HK |
| | US : State sale tax Other local taxes may become payable upon import of items. VAT details and refunds* |
SG | Local GST on Hammer, BP and OP GST details and refunds* | Local GST on Hammer, BP and OP GST details and refunds* | US : State sale tax Other local taxes may become payable upon import of items. GST details and refunds* |
* taxes details and refunds : more information on VAT and GST on article 6. VAT AND OTHER TAX INFORMATION of the guide for buyers.
Sotheby’s is unable to provide any tax advice and recommends buyers obtain their own advice in this regard.
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