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Under Droite de Suite or Artist's Re-sale Rights legislation, auctioneers and art market professionals are required to collect royalty payments for all works of art by living artists and artists deceased within the previous 70 years, sold above the hammer price of 1000 euros, which is approximately £850.
The royalty of 4% of the hammer price is charged to the Buyer, in addition to the Buyer’s Premium and is not subject to VAT.
Estimates are subject to change up to the sale of the relevant Lot(s).
Reserve prices are not disclosed, though the lower estimate may represent the reserve price.
No Mc Tear’s director or employee will be liable for personal injury or death (unless caused directly by the negligence of Mc Tear’s staff) or for the safety of personal property, including vehicles.
Shipping or postal or packaging costs are in every case at the expense of the Buyer, even in the case of a refund of the purchase price being agreed. Title Mc Tear’s acts at all times in the sale of goods as agents of the Seller of the Lots put up for auction only, and are not responsible for any default by either the Buyer or the Seller.
Mc Tear’s staff will be happy to help if there is anything you do not fully understand.
All persons on Mc Tear’s premises are there at their own risk and must ensure that they note the building plan and emergency exits.
Where the Buyer is unable to inspect the Lot in person, a condition report must be requested to ascertain condition.
A condition report on any item of a mechanical nature or with moving parts will not provide a guarantee of the working order of, for example, a watch, clock, barometer or other instrument, the condition report will only take account of the aesthetic or external condition of any given Lot.