Tuesday 16 May 2023
A Chinese kesi silk 'boys' panel Ming dynasty, 17th century The rectangular polychrome panel...
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Description
A Chinese kesi silk 'boys' panel
Ming dynasty, 17th century
The rectangular polychrome panel decorated with boys at play in a pagoda and landscape, 130cm x 67cm.
Provenance: Acquired by captain André Le Gac (1895-1960) in China in the 1920s, thence by descent.
明 十七世紀 童子圖紋緙絲掛屏
來源:André Le Gac (1895-1960)上校於1920年代購於中國,後傳承至現藏家。
Fees & VAT
Buyer's Premium
The buyer shall pay the hammer price together with a premium thereon of 26% up to £20,000 (31.2% inclusive of VAT), 25% from £20,001 - £500,000 (30% inclusive of VAT), 20% from £500,001 thereafter (24% inclusive of VAT). The premium price is subject to VAT at the standard rate.
VAT
VAT is not charged on the hammer price unless it is stated that there is 'VAT applicable on the hammer price at the end of the description. Buyer's premium is subject to VAT.(ARR) - ARTIST'S RESALE RIGHT
Qualifying living artists and the descendants of artists deceased within the last 70 years are entitled to receive a re-sale royalty each time their work is bought through an auction house or art market professional.
It applies to lots with hammer value over £1,000 as follows:
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£200,000.01 to £350,000 - 1%
£350,000.01 to £500,000 - 0.5%
Exceeding £500,000 - 0.25%
ARR is capped at £12,500
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Buyers intending to export goods should ascertain whether an export licence is required before bidding. Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. Details can be found on the ACE website www.artscouncil.org.uk or by phoning ACE on 020 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions before bidding. The refusal of any such licences shall not permit the cancelling of any sale nor allow any delay in making full payment for the lot.
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