3 ms·
It's actually 2.66M + 5.5% VAT = 2.8M euros ($3.2M USD), as stated on the bottom of the auction page: "VAT at the rate of 5.5% will be due on the total of the
by ivanhoe 5y ago
It's actually 2.66M + 5.5% VAT = 2.8M euros ($3.2M USD), as stated on the bottom of the auction page:
"VAT at the rate of 5.5% will be due on the total of the hammer price and fees charged to the buyer."
https://www.christies.com/en/lot/lot-6345488 https://www.christies.com/en/lot/lot-6345488
- cmdkeen 5y agoIt's probably even more than that with the "Buyer's Premium" tacked on - the Christie's cost calculator linked reckons that would be another EUR540,000 on top...
- TigeriusKirk 5y agoThe "price realized" includes the buyer's premium. It's a bit of sleight of hand auction houses do in reporting results.
- cmdkeen 5y agoI stand corrected - that's useful to know as I only recently discovered buyer's premium when thinking about dipping my toe into the auction waters