Lot Symbols


US Watch Import Restriction

Important notice regarding importation into the United States of Corum, Rolex, Piaget or Franck Muller watches. Sotheby's cannot arrange for the delivery of Corum, Rolex, Piaget or Franck Muller watches to the United States because U.S. laws restricts the import of Corum, Rolex, Piaget or Franck Muller watches. The buyer or a designated agent may collect the property in the country of sale.

Diamond

Normal VAT rules apply and the standard rate of VAT will be charged on both hammer price and premium.

Bonded Property

Lots with this symbol have been imported from outside of China and are held under the bonded status. Please refer to the "Warehouse Storage and Collection Information" section printed in this catalogue for information regarding the collection of such lots.

Monumental item

Lots with this symbol are extremely large

Forced Clearance Sale

These lots are offered as part of a forced clearance sale following a bankruptcy proceeding and are marked with the following symbol "w"

Double Diamond

The lot has been imported for sale. A VAT inclusive premium will be charged which effectively charges VAT at 6% upon 90% of the hammer price and VAT at 19% on the buyers premium and the remaining 10% of the hammer price

ARR - 3 yr Artist

Indicating Three-year Artist's Resale Right is applicable. Sale of this item requires a royalty to be paid to the artist. The buyer will be charged for this and then the proceeds passed to the artist. Only certain items qualify for this so flagging an item for this will be a manual task done in Cataloging and it will have to interface to SAP.

Sotheby's Ownership Interest

Property in which Sotheby's has an ownership interest. Lots with this symbol indicate that Sotheby's owns the lot in whole or in part or has an economic interest in the lot equivalent to an ownership interest.

Double Dagger

Indicates that the lot is being sold whilst subject to Temporary Importation, and that VAT is due at the reduced rate

Irrevocable Bids

Lots with this symbol indicate that a party has provided Sotheby’s with an irrevocable bid on the lot that will be executed during the sale at a value that ensures that the lot will sell. The irrevocable bidder, who may bid in excess of the irrevocable bid, will be compensated based on the final hammer price in the event he or she is not the successful bidder or may receive a fixed fee in the event he or she is the successful bidder. If the irrevocable bidder is the successful bidder, the fixed fee (if applicable) for providing the irrevocable bid may be netted against the irrevocable bidder’s obligation to pay the full purchase price for the lot and the purchase price reported for the lot shall be net of such fixed fee. If the irrevocable bid is not secured until after the printing of the auction catalogue, a pre-lot announcement will be made indicating that there is an irrevocable bid on the lot. If the irrevocable bidder is advising anyone with respect to the lot, Sotheby’s requires the irrevocable bidder to disclose his or her financial interest in the lot. If an agent is advising you or bidding on your behalf with respect to a lot identified as being subject to an irrevocable bid, you should request that the agent disclose whether or not he or she has a financial interest in the lot.

UK: FIREARMS ACT 1968

Lots marked with a K will not be delivered to purchasers without production of a valid United Kingdom Shotgun Certificate or R.F.D. Permit.

No NY State Tax

Notwithstanding paragraph 10 of the Conditions of Sale, and in accordance with Section 1116(a) of the New York State Tax Law, we are not obligated to collect New York State or local sales tax on the total purchase price of this lot, sold by us at this sale and delivered to purchasers in New York State. Deliveries outside New York State may be subject to the sale or compensating use tax of another state. Where a duty of collection of such taxes is imposed on us by law, we will require payment thereof by the purchaser.

Hash Mark

Only used in United Kingdom Book catalogues. As the majority of lots in a book catalogue will be defined as books for VAT purposes and therefore not liable to VAT on either hammer price or buyers premium, this symbol is used to indicate where the lot does not meet the appropriate definition. The lot will be sold subject to the margin scheme and an amount in lieu of VAT at 20% will be charged upon the premium only

UK:Certain exports may be required for export

UK:Certain exports may be required for export

Guaranteed Property

Guaranteed Property. The seller of lots with this symbol has been guaranteed a minimum price from one auction or a series of auctions. If every lot in a catalogue is guaranteed, the Conditions of Sale will so state and this symbol will not be used for each lot.

UK: Firearms/R.F.D. Permit

The following lots marked with a J will not be delivered to purchasers without production of a valid United Kingdom Firearm Certificate or R.F.D. Permit.

Alpha

Used in the United Kingdom only. Where the buyer is from within the EU the lot is sold as if it had no VAT symbol. Where the buyer resides outside the EU the lot is invoiced as if it bore the single dagger symbol

Alternate Warehouse

Lots marked AW will be sent to an alternate warehouse location as specified in the catalogue's Special Notes.

Artist's Resale Right

Purchase of lots marked with this symbol will be subject to the payment of the artist's resale right.

UK: Firearms (Amendment) Act 1997

Lots marked with a JJ will not be released to purchasers without the Authority of the Secretary of State under Section 5 to purchase or acquire prohibited weapons to which section 5(1)(aba) of the act applies. For further information please contact the Sporting Gun Department.

Omega

Indicates that the lot is being sold whilst subject to Temporary Importation, and that VAT is due at the standard rate

Artist's Resale Right

Purchase of lots marked with this symbol will be subject to the payment of the artist's resale right.

Important Notice

Please see the Important Notice section of the catalogue regarding lots marked with this symbol.

Restricted Species

Lots with this symbol contain a restricted species

UK: Greenford Park

Lots marked W will be sent to Greenford Park Fine Art Storage Facility immediately after the auction.

Plus Minus

Indicates that the lot is being sold whilst subject to Temporary Importation, and that VAT is due at the reduced rat on the hammer price.

Premium Lots

In order to bid on "Premium Lots" you must complete the required Premium Lot preregistration application and deliver to Sotheby's such necessary financial references, guarantees, deposits and/ or such other security as Sotheby's may in its absolute discretion require, as security for your bid. Sotheby's decision whether to accept any pre-registration application shall be final. We recommend you contact Sotheby's at least 3 working days prior to the relevant sale in order to process the pre-registration, and please bear in mind that we are unable to obtain financial references over weekends or public holidays. If all lots in the catalogue are "Premium Lots", a Special Notice will be included to this effect and the paddle symbol will not be used.

Dagger

Normal VAT rules apply and the standard rate of VAT will be charged on both hammer price and premium. In France the reduced rate is applied where the item is defined as a book for VAT purposes. In Australia GST is charged at the standard rate on both hammer price and premium.

UK: Rumsey's Warehouse

Lots marked RW will be sent to Rumsey's Storage Warehouse immediately after the auction.

No Reserve

Unless indicated by a box, all lots in this catalogue are offered subject to a reserve. A reserve is the confidential minimum auction price established between Sotheby's and the seller and below which a lot will not be sold. The reserve is generally set at a percentage of the low estimate and will not exceed the low estimate of the lot. The symbol is not used if all the lots have a reserve. If any lots in the catalogue are offered without reserve, such lots will be designated by a box.

Interested Parties

Lots with this symbol indicate that parties with a direct or indirect interest in the lot may be bidding on the lot, including (i) the beneficiary of an estate selling the lot, or (ii) the joint owner of a lot. If the interested party is the successful bidder, they will be required to pay the full Buyer's Premium. In certain instances, interested parties may have knowledge of the reserve. In the event the interested party's possible participation in the sale is not known until after the printing of the auction catalogue, a pre-lot announcement will be made indicating that interested parties may be bidding on the lot. (Effective for sales commencing October 20, 2008)