There is a cap of 12,500 euros payable on any one work. The threshold for the day will be announced at the beginning of the sale. The law defines the price threshold in Euros and, because the exchange rate between the two currencies changes daily, the equivalent in Pounds Sterling is worked out according to the exchange rate on the date the artwork is sold. An artwork must sell for more than €1,000 to qualify for the levy. In bidding, you accept that you will be charged in accordance with the terms of the Act. This levy is to be charged to the purchaser. Royalties are calculated using a sliding scale of percentages of the sale, please check using link below. Artist's resale rights is a levy payable to a qualifying artist or the artist's heirs each time a work is re-sold during the artist's lifetime and for a period up to 70 years following the artist's death.
In some countries, including those in the EU, local laws entitle the artist or the artist’s estate to a royalty.
ARTIST’S RESALE RIGHT ("DROIT DE SUITE"). They are in no sense definitive and are subject to constant revision.Ĩ. Estimates are prepared some time before the sale and may be altered before the sale. Estimates do not include the Buyer's Premium or VAT. The lower estimate may represent the reserve price and will not be below it. ESTIMATES Estimates are intended for guidance only.
#Ac3d constrain to line registration#
Lots will be invoiced to the name and address supplied on the registration form.ħ. Bentley’s will then supply a bidding number which should be used when bidding. Proof of identity such as a passport or photographic driving licence may be required. BIDDER REGISTRATION AND IDENTIFICATION Anyone intending to bid is required, before the commencement of the sale, to supply their name and address and, if requested, their bank and other suitable references. Certain lots in all sales may be subject to reserve prices.Ħ. RESERVES All bids shall be offers made upon the Terms for Buyers and Conditions of Sale. For live internet bidding an additional premium will apply to buyers bidding through and the buyer agrees to be bound by the terms of the provider.ĥ.
BUYER’S PREMIUM A Buyer’s premium of 19% + VAT at the current rate is payable on the hammer price of each lot. For reasons of confidentiality the identity of the seller is not normally disclosed.Ĥ. AGENCY Bentley’s usually contract as agents for the Seller, therefore the Buyer’s primary contract is with the Seller. “Auctioneer” means Bentley’s or its authorised auctioneer.ģ. DEFINITIONS “Buyer” means the person who makes the successful bid (as defined in clause 13.3) and also, where appropriate, any person making a bid (by whatever means, including live internet bidding, and whether present at the auction or not) or any visitor to the auction room intending to view the sale or bid. If there is anything that you do not fully understand, our staff will be happy to help you.Ģ. The Buyer agrees to be bound by the Terms for Buyers and the Conditions of Sale, and acknowledges that the Seller is to be bound by the Terms for Sellers. (hereafter “Bentley’s”) Terms for Buyers and Conditions of Sale which are printed in the sale catalogues, published on the website, and available at when our auctions are published. All sales are conducted subject to Bentley’s Fine Antique and Fine Art Auctioneers Ltd.
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