SOTHEBYS (Paris) - 07 MAR 2015

[suspense39]

http://news.artnet.com/in-brief/sothebys-comic-art-auction-brings-in-4-million-275861/

[vodou]

Anybody that dragged their feet paying that EUR invoice...you're ca. 3% better off this morning than over the weekend

[delekkerste]

So, can someone explain to me the all-in costs for a US buyer when buying in one of these European auctions? For example, if a lot hammers at 10,000 euros - with the 25% BP, that gets you up to 12,500 euros right away. What part of that is subject to VAT (or is VAT waived for US buyers)? And, either way, does US Customs hit you with further taxes when the art arrives in the US?

 

Just trying to get a sense of what the all-in cost is (never mind the currency translation part; I can do that myself) if anyone can elucidate.

[jjeanius]

VAT is waived for US buyers. I also believe there is a cap on the US Customs hit (IIRC: Less than $150 regardless of hammer).

[Bronty]

Looks like page 257 of the pdf is the Rocketeer Adventure Mag cover. Thoughts? Estimate (62k to 74k) looks optimistic to me. There's just not much going on in that piece.

 

Sold for 60,000 E or about 66,000 USD so right on the estimate. Still surprising to me but good for the seller.