“ + ”: 21% VAT applies to both the Hammer Price and the Buyer’s Premium. The Buyer’s Premium is calculated for each lot as 51.25% of the Hammer Price up to a value of €30,000, plus 45.2% of the Hammer Price between €30,001 and €1,200,000, plus 35.52% of any amount in excess of €1,200,000. The Buyer must furnish Christie’s with all relevant information concerning his V.A.T. position. The Buyer warrants this information to be correct.
For each lot the total buyer’s premium plus applicable VAT which will be payable in addition to the hammer price is calculated as 52.46% of the hammer price up to a value of € 700,000.
For each lot which sells above € 700,000 the calculation is as follows: 52.46% of the hammer price up to a value of €700,000, plus 45.20% of the hammer price between €700,001 to €4,000,000, plus 38.55% of any amount in excess of €4,000,001
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