Lot 112: Christian Friedrich Gille - Apple blossoms

Buyers Premium:
See our Conditions of Sale, Section 4:
A. a) For works of art that have not been specially marked in the catalogue, the purchase price will be calculated as follows:
For buyers having their residence in the community territory of the European Union (EU), Grisebach will add a buyer's premium of 30 % to the hammer price. A buyer's premium of 25 % will be added to that part of the hammer price that is in excess of EUR 500,000. A buyer's premium of 20 % will be added to that part of the hammer price that is in excess of EUR 2,000,000. This buyer's premium will include all lump sum fees as well as the statutory turnover tax (margin scheme pursuant to Section 25a of the German Turnover Tax Act). These taxes and fees will not be itemized separately in the invoice.
Buyers to whom delivery is made within Germany, as defined by the German Turnover Tax Act, and who are entitled to deduct input taxes, may have an invoice issued to them that complies with the standard taxation provisions as provided for hereinabove in paragraph B. Such invoice is to be requested when applying for a bidder number. It is not possible to perform any correction retroactively after the invoice has been issued.
b) Works of art marked by the letter "N" (for Import) are works of art that have been imported from outside the EU for sale. In such event, the import turnover tax advanced, in the amount of currently 7 % on the hammerprice, will be charged in addition to the buyer's premium.
B. For works of art marked in the catalogue by the letter "R" behind the lot number, the purchase price is calculated as follows:
a) Buyer's premium
Grisebach will add a buyer's premium of 25% to the hammer price. A buyer's premium of 20 % will be added to that part of the hammer price that is in excess of EUR 500,000. A buyer'spremium of 15 % will be added to that part of the hammer price that is in excess of EUR 2,000,000.
b) Turnover tax
The hammer price and the buyer's premium will each be subject to the statutory turnover tax in the respectively applicable amount (standard taxation provisions, marked by the letter "R"). Currently, this amounts to 19 %.
c) Exemption from turnover tax
No turnover tax will be charged where works of art are sold that are acquired in states within the EU by corporations and exported outside of Germany, provided that such corporations have provided their turnover tax ID number in applying for and obtaining their bidder number. It is not possible to register this status after the invoice has been issued, and more particularly, it is not possible to perform a correction retroactively.
No turnover tax shall be charged for the sale of works of art that are delivered, pursuant to Section 6 paragraph 4 of the Umsatzsteuergesetz (UStG, German Turnover Tax Act), to destinations located in states that are not a Member State of the EU, provided that their buyers are deemed to be foreign purchasers and have proved this fact in accordance with Section 6 paragraph 2 of the German Turnover Tax Act. The buyer shall bear any import turnover tax or duties that may accrue abroad.
The above provisions on turnover tax correspond to the legislative status quo and are in line with the practice of the Tax and Revenue Authorities. They are subject to change without notice.

Accepted forms of payment: bank/wire transfer. Payments up to EUR 4,000 also by VISA or Mastercard. Payments to Villa Grisebach shall be made in Euro. If payments are made in a foreign currency, an exchange loss, if any, shall be borne by the Buyer. Cheques and other non-cash payments will be accepted as conditional payment only.
All taxes, costs and charges in connection with the payment (including the
bank expenses charged to Villa Grisebach) shall be borne by the Buyer.

All transportation and insurance charges are at expense of the buyer.