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Lot 526: Ippolito Caffi

Est: €18,000 EUR - €22,000 EURSold:
DorotheumVienna, AustriaMay 02, 2023

Item Overview

Description

(Belluno 1809–1866 Lissa)
A View of the Hippodrome of Constantinople with the Blue Mosque and the Obelisk of Theodosius, signed, dated Caffi. 1853, oil on canvas, 33 x 50 cm, framed

Provenance:
Private Collection, Italy.

We are grateful to Annalisa Scarpa for kindly confirming the authenticity on the basis of the original.

The setting of the present lot is the Hippodrome of Constantinople. It was built by the Roman Emperor Septimius Severus, who conquered and rebuilt the city, at the turn of the third century A.D. He constructed the Hippodrome which was used for chariot races and other entertainment. It was then enlarged by Constantine in about 324 A.D. The Sultanahmet Camii, known as the Blue Mosque, with its distinctive six minarets, is on the left and the Egyptian Obelisk of Theodosius is in the centre of the composition. In Byzantine times, the Hippodrome was the heart of social life and it retained this function during the Ottoman period, when it was known as the “Horse Square”. In the foreground of the present lot, different groups of people are walking and talking while others are riding horses. Ippolito Caffi is considered to be one of the leading Italian Vedutisti of the first half of the nineteenth century. He studied at the Accademia di Belle Arti in Venice. He travelled extensively in Italy and beyond, visiting Syria, Egypt and Turkey in 1843-44, recording his experiences and observations in numerous sketches. He took great interest in capturing the effects of light and atmosphere, as demonstrated by the present work.

Artist or Maker

Payment & Shipping

Accepted forms of payment: Other, Wire Transfer

Shipping

Shipping fees are applicable unless the winning bidder picks up the lot after the auction. The actual shipping rates depend on the dimensions and weight of the lots.

Auction Details

19th Century Paintings

by
Dorotheum
May 02, 2023, 06:00 PM CET

Dorotheergasse 17, Vienna, Vienna, 1010, AT

Terms

Live bidding may start higher or lower

Buyer's Premium

€0 - 500,000:33.6%
€500,001 - 1,000,000:28.6%
€1,000,001+:18.6%

Bidding Increments

From:To:Increment:
€0€19€1
€20€39€2
€40€99€5
€100€199€10
€200€399€20
€400€999€50
€1,000€1,999€100
€2,000€3,999€200
€4,000€9,999€500
€10,000€19,999€1,000
€20,000€39,999€2,000
€40,000€99,999€5,000
€100,000€199,999€10,000
€200,000€399,999€20,000
€400,000€999,999€50,000
€1,000,000€1,999,999€100,000
€2,000,000€3,999,999€200,000
€4,000,000€9,999,999€500,000
€10,000,000+€1,000,000

Conditions of Sales

The auction is conducted according to the terms of the General Terms and Conditions - Auction
Sales http://www.dorotheum.at/footer/agb.html of the Dorotheum GmbH & Co KG, (hereinafter
called "the DOROTHEUM") and the pertaining Tariff, which forms an integral part thereof.
The auction may be conducted by the DOROTHEUM in its own name, on a commission
basis or as an agent (in the name and for the account of the Consignor). The DOROTHEUM
reserves the right to withdraw any lot or lots from the auction until the acceptance of a bid
or change descriptions and prices, if there are important reasons to do so.
Potential Buyers may request a condition report prior to the auction. If the DOROTHEUM
forwards condition reports drawn up by third-party experts, any liability for correctness is excluded.
The Auctioneer has the right to exceptionally divide or combine any lot or lots, offer any
lot or lots in a two-step bidding process or withdraw any lot or lots from the sale or
conduct the auction disregarding the scheduled sequence. In the event of a two-step
bidding process, the items concerned will be expressly announced and, in a first step,
offered individually. The highest bids and the respective highest bidders will be noted down
but no bid will be accepted as yet. The individual items will then be combined into a single
lot and offered as a collection, taking into account the highest bids already received as well
as the reserves fixed for any items for which no bids have been placed. The lot will then
be awarded at the highest bid placed for the collection or the highest bids placed for the
individual items, whichever results in a higher price being realized taking into account the
reserves fixed for any lots for which no bids have been placed.
In the descriptions, either the starting price will be stated or the price range that the
expert assumes as a rough guide without binding force and within which he or she
expects the highest bid (hammer price) will be placed, in each case in euros.
Usually, bidding starts at half the lower estimate, but the starting price can range from half
the lower estimate to the lower estimate itself. Usually, bidding takes place by increasing
the starting price or the preceding bid by about 10%. Bids can be accepted as final even
if they are lower than the highest bids expected by the expert. The highest bidder shall
be the successful bidder, provided that the amount of a reserve price agreed with the
Consignor has been reached. If, on the occasion of the bidding, the bidding price is
gradually reduced, the bidding process will start with the first valid offer. If only one bidder
places a bid, such bid will be accepted. The acceptance of a bid may be made conditional
on the fulfillment of conditions.
The decision as to whether a bid is accepted in case of a dispute, in case of alleged
matching bids, if a bid was overlooked or went unnoticed or was otherwise disregarded,
or if the Auctioneer was mistaken about whether or not a bid had been placed, shall lie
exclusively with the DOROTHEUM. The DOROTHEUM shall have the right to cancel the
acceptance of a bid either during the auction or within 3 working days thereafter for such
reasons and to re-offer the item during the same or a subsequent auction.
For all items, the following shall be charged in addition to the highest bid (hammer price):
- buyer's premium (surcharge)
- Value-added Tax
- any resale right royalty that may arise (marked with the symbol * in the catalogue)
The buyer's premium shall be as follows:
a) for items subject to margin tax (not specially marked in the catalogue/in the description)
or for sales where the Dorotheum acts as an agent (marked with a "V" ["Vermittlung" =
agent sale] in the catalogue/in the description):
up to an amount of EUR 500,000: 30% of the hammer price
for the amount exceeding EUR 500,000: 25%
for the amount exceeding EUR 1,000,000: 15%
In these cases the buyer's premium includes the statutory VAT
(Example at the end of the page1
)
b) for fully taxable items (marked in the catalogue/in the description with the symbol "+"
"-" or "#":
up to a hammer price of EUR 500,000: 25% of the hammer price
for the amount exceeding EUR 500,000: 20,84%
for the amount exceeding EUR 1,000,000: 12,5%
In the case under (b), the statutory VAT is calculated based on the total price (hammer
price plus buyer's premium and a possible resale right royalty) and is added to the total
price. (Example at the end of the page2
)
The statutory VAT in Austria is 20% for items marked with the symbol "+", 13% for items
marked with "-" and 10% for items marked with "#".
However, in the case of deliveries to buyers who are not subject to VAT, if the purchased item
is sent to a Member State of the European Union the VAT of the country of delivery applies.
For items for which the Dorotheum acts as an agent in the sale ("V" for "Vermittlung" =
agent sale), VAT cannot be refunded in case of export to non-EU countries.
VAT may only be reclaimed in the case of lots which are not specially marked or
are marked with either of the symbols "+", "-" and "#", provided the sale is made to
a country which is not a member of the European Union (third country), the legal
requirements are satisfied and proof of export is supplied.
Delivery to companies which are subject to VAT and have their registered seat in a
member state of the European Union (except for delivery to companies domiciled
in Austria and lots subject to margin tax) is subject to the acquisition tax applicable in
the respective country of destination. In such case, the delivery of lots marked with
either of the symbols "+", "-" and "#" within Austria is exempt from VAT, provided the
DOROTHEUM is informed of the Buyer's applicable VAT registration number prior to the
acceptance of the bid.
Please note: For lots sold after the auction, the buyer's premium will be increased by 2%.
The Buyer is obligated to pay the purchase price (hammer price plus buyer's premium
and VAT as well as any applicable resale royalty surcharge) in cash immediately after the
lot has been awarded. At the discretion of the DOROTHEUM, payment can be deferred
by way of exception. Deferral of payment may be made conditional on an appropriate
deposit. If deferral of payment is denied, the acceptance of a bid may even be
subsequently revoked and the item re-offered for sale during the same or a subsequent
auction. If the acceptance of a bid is revoked, the DOROTHEUM shall also have the right
to subsequently accept the last bid of the bidder who placed the second highest bid. If
a deferred purchase price is not paid within the stipulated period, the Dorotheum shall
be entitled to charge the purchaser interest on the arrears calculated daily from the
beginning of the delay and charged quarterly. This interest shall be at the rate of 6 % per
annum above the applicable "European Interbank Offered Rate (EURIBOR) / 3 months"
for the preceding calendar quarter rounded to the nearest quarter percentage point.
After a bid has been accepted, the Buyer shall be liable for the full and timely payment
of the purchase price even if after the acceptance of the bid the Buyer informs the
DOROTHEUM that he/she participated in the bidding process for a third party. If, at
the Buyer's request, the DOROTHEUM issues an invoice to the designated third party,
the DOROTHEUM thereby exclusively declares acceptance of a simple (additional)
performance obligation of the designated third party without, however, granting such
party any further rights such as claims to perform a set-off or retention rights, etc., and it is
understood that the Buyer continues to be fully liable.
If, despite a reminder, the Buyer fails to discharge or fully discharge within the grace period
granted to him/her the obligations incumbent on such Buyer under the purchase contract
entered into with him/her, the DOROTHEUM shall, without prejudice to any other rights it
may have, be entitled to do either of the following for itself and/or the Consignor:
1. continue to insist on the performance of the purchase contract and demand from
the Buyer payment not only of the purchase price but also of any interest, costs and
expenses, including the costs of legal counsel required to enforce performance of the
purchase contract, or
2. withdraw from the purchase contract. In such case, the DOROTHEUM reserves the right, for itself and/or the Consignor, to demand from the Buyer compensation for the entire loss or damage caused by him/her, which after a substitute transaction in the form of a resale by seller (substitute sale) may be comprised in particular of fees, expenses and expenditure incurred and losses suffered on account of lower purchase prices, including all costs and expenses as well as the costs of legal counsel, etc., or
3. resell the item by auction for the account of the Buyer.
In the event of a substitute sale or resale by auction for the Buyer, the Buyer will be considered a
Consignor with regard to the charges, premiums and commissions applicable to such transaction.
If the claim of the DOROTHEUM is not covered by the result of the substitute sale or
resale by auction, the defaulting Buyer is liable for the loss.
The items purchased in the auction shall not be delivered and title thereto will not pass
until the purchase price including all interest, charges, premiums, commissions, costs and
expenses has been paid in full. All items purchased must be collected immediately. Smallsize lots purchased in the auction and fully paid for shall be delivered immediately, but
larger items may be collected on the following working day only. As from the acceptance
of the bid until their collection, such lots shall be stored at the Buyer's risk. Packaging and
shipping, if any, shall be at the sole risk and expense of the Buyer.
If items purchased in an auction are not collected within a period of 14 days after the
acceptance of the bid, the DOROTHEUM is entitled to charge storage costs (1% of the
hammer price per month if not indicated otherwise in the catalogue or during the sale) or
store the item with a warehouse keeper at the risk and expense of the Buyer. If the Buyer
or a carrier/forwarding agent commissioned by the Buyer fails to effect collection within a
period of 90 days as from the date on which the bid was accepted, the DOROTHEUM
is entitled to re-sell the purchased item by auction at the sole risk and expense of the
Buyer and will consider the Buyer a Consignor with regard to the charges, premiums and
commissions connected with such re-sale.
The description of the items to be sold by auction is based on subjective convictions of
the experts, who will determine the starting prices accordingly. The statements made by
the experts in such descriptions shall not create any warranty with respect to a particular
quality or a specific value. The DOROTHEUM assumes no liability for any statements made
in this connection, and in particular no liability in accordance with the criteria set forth in
section 1299 et seq. of the (Austrian) "ABGB" (General Civil Code). The DOROTHEUM
also assumes no liability whatsoever in cases where the description was prepared and/or the
price determined by the Consignor himself/herself or by non-DOROTHEUM experts and
not by the DOROTHEUM, and in case of sales where it acts as an agent.
Where works of art, especially paintings and antique items are concerned, only such flaws
and defects will be mentioned which significantly affect the artistic value.
Where the DOROTHEUM sells items in its own name, it warrants to Buyers that the
information provided by the DOROTHEUM concerning authorship (designation of the
artist), maker, time of making, origin, age, period, concerning the culture area where the
object was made or used as well as materials of which the items are made, is correct
subject to the following conditions: Such information will be deemed incorrect if it does
not correspond to the commonly available scientific findings and the opinions of generally
recognized experts. Such information will be deemed materially incorrect if an average
standard buyer would not have made the purchase had the respective statements been
untrue. If, within a period of three years as from the date of the acceptance of the bid, the
Buyer furnishes proof that such information provided by the DOROTHEUM is materially
incorrect, the Buyer shall have the purchase price refunded concurrently with the return of
the unchanged object.
CONDITIONS OF SALE BY AUCTION / EXTRACT FROM THE GENERAL TERMS AND CONDITIONS - AUCTION SALES
ENGLISH
1
Example for margin tax or agent sales:
Sale of an object at the hammer price of EUR 3,000, with resale right royalty ? The gross price amounts to EUR 4,020 (hammer price of EUR 3000 + buyer's premium of EUR 900 +
resale right royalty of EUR 120) 2
Example for a fully taxable item subject to 20% VAT (Country of delivery Austria):
Sale of an object at the hammer price of EUR 3,000, with resale right royalty ? The gross price amounts to EUR 4,644 (hammer price of EUR 3,000 + buyer's premium of EUR 750 +
resale right royalty of EUR 120 + VAT of EUR 774)
For Buyers for which the transacted purchase forms part of their company's business
activities, a further requirement is that immediately after the first legitimate doubts
regarding the correctness arise they shall inform the DOROTHEUM accordingly.
If the commonly available scientific findings and the opinions of generally recognized
experts change up to the time of the Buyer's complaint and the handling thereof, the
DOROTHEUM shall have the right in its sole discretion to either cancel the purchase at
the Consignor's expense or reject the complaint.
If the item returned shows signs of damage or wear and tear that were not present at
the time when the contract was entered into, the DOROTHEUM shall have the right to
deduct reasonable repair costs and/or any reduction in value from the purchase price.
If the Buyer has already used the item returned, the DOROTHEUM will, in addition, be
entitled to receive a reasonable user fee.
Such warranty, or any other warranty made by separate declaration, is made by the
DOROTHEUM in addition to the consumer's statutory warranty rights and rights in case
of error and shall not limit such rights in any way. In case of used items, the period of
statutory warranty for consumers is 1 year. Any other complaints and claims whatsoever
concerning the price, quality and condition of the objects purchased at auction or claims
for damages, to the extent that such claims are not already covered by the guarantee
of authenticity, vis-à-vis the DOROTHEUM and the persons for whom it would have to
guarantee in the absence of this disclaimer of warranty are excluded. The sole exception
to this rule are claims in excess thereof arising under purchase contracts with consumers
as defined by the (Austrian) "Konsumentenschutzgesetz" (Consumer Protection Act),
provided that such claims are based on gross negligence or deliberate acts of
DOROTHEUM employees. In auctions of objects against which execution was levied any
and all complaints are excluded by law. The DOROTHEUM assumes no warranty or other
liability in case of sales where it acts as an agent.
The Dorotheum reserves the right to use, in printed or electronic form, also for the purpose
of generally advertising the business activities of the DOROTHEUM, any photographs and if
applicable video recordings it may have produced on its own behalf of the consigned objects,
without any right arising for the client to receive financial compensation therefrom. The
DOROTHEUM shall be entitled to use, reproduce, distribute and make publicly available the
photographs and video recordings by publishing them, for instance, in catalogues, magazines,
folders, calendars, catalogues raisonnés, books, illustrations as well as promotional items and
merchandising products of whatever kind, etc., without any restriction as to medium, territo- ry, time or quantity - also without any relation or reference to the original act of realization
or to provenance.
Absentee bids from clients unable to attend the auction in person are accepted by
the competent departments of the DOROTHEUM or the brokers authorized by the
DOROTHEUM.
Until further notice, the DOROTHEUM will accept absentee bids submitted in writing,
by telephone, fax or electronically as a free service. At the auction, the DOROTHEUM
shall bid for the client by increments, not exceeding, however, the bid top limit stated on
the absentee bid. The DOROTHEUM reserves the right to refuse to accept absentee bids
without having to disclose the reasons or to disregard absentee bids received by it. In this
connection, the DOROTHEUM assumes no liability whatsoever for the correct handling
and execution of absentee bids.
Absentee bids which do not clearly designate the item, the date of the auction or your
exact maximum bid in figures (in euros) will not be accepted.
"Buy favorably", "buy at best price", "buy unconditionally", etc. bids will therefore not be
taken into consideration. In the event of two or more bids specifying the same limit, the
earliest received will take precedence.
If in case of a telephone bid the telephone connection cannot be established in time,
for whatever reason, the bid top limit shall be 75% of the lower estimate (150% of the
starting price in the case of "starting price auctions"). The DOROTHEUM is entitled to
round up the limit to the next highest bidding increment. The absentee bid is binding in
a sale after the auction until the end of the third working day after the auction or after
the date of receipt. In a sale after the auction, the DOROTHEUM will be deemed to have
accepted a bid in due time if the declaration of acceptance has been posted, faxed or given
by telephone by the end of the third working day after the auction date or after the date
of receipt, whichever is later.
The DOROTHEUM and the persons for whom it would have to guarantee in the
absence of this disclaimer of warranty cannot be called upon to make up for loss or
damage caused by slight negligence and are furthermore not liable to entrepreneurs
for simple gross negligence. The DOROTHEUM assumes no liability for loss or damage
caused by natural occurrence or force majeure, for loss or damage caused by prolonged
storage times or for loss of profit. The DOROTHEUM shall be liable to the Buyer of
any item for the loss thereof or any damage thereto in case of gross negligence but to
entrepreneurs only in case of at least blatantly gross negligence of its employees and only
up to the amount of the purchase price paid.
The place of performance shall be the business address of the branch / department
where the legal transaction was entered into. The language of contract shall be German.
All disputes arising shall exclusively be subject to Austrian substantive law. The UN
Convention on Contracts for the International Sale of Goods (CISG) shall not apply.
All disputes arising directly or indirectly from an auction shall be referred exclusively to
the Austrian court having local and subject-matter jurisdiction for Vienna 1st District.
Consumers as defined by the Consumer Protection Act are subject to this agreement only
if they have neither a residence nor a habitual place of abode in Austria and do not work in
Austria and provided that this provision does not conflict with other regulations.
PLEASE NOTE
All items are used and subject to age-related wear and tear. Value-enhancing restoration - especially in the case of antiques - is not mentioned in the description.
The description of the object does not indicate defects which are obvious (can be determined by mere viewing) or which are irrelevant for valuation. Any claims of the Buyer
concerning such defects are excluded by law.
There is no right of withdrawal in long-distance and off-premises sales (Fern- und Auswärtsgeschäfte-Rücktrittsrecht). Please note that the total amount of applicable transportation costs
resulting from distance, size and content cannot be calculated at present.
In principle, all Consignors are entitled to withdraw the items they have submitted for auctioning at any time up until the auction commences. Consequently the Dorotheum makes no
warranty and assumes no responsibility that the lots listed in the catalogue will be actually offered for sale by auction.
Lots marked with "AS…" are offered in accordance with the legal provisions governing to protection of species. In the event of any questions the Dorotheum staff will be happy to assist
you. The export from Austria and the import into non-EU countries for commercial purposes of items marked ASA, ASI (or Artenschutz A) will not be permitted by the competent
authorities. ASI means that under current EU rules, commercial trade in ivory objects is now only possible for musical instruments made before 1975 (for personal use of performing
artists) and antiques (significantly processed before 1947).
Objects marked with ASI have the appropriate sales permit for sale by the Dorotheum remaining within the EU. (Re-)Exports and imports to/from third countries are no longer authorized.
Errors and omissions excepted. The Dorotheum also reserves the right to correct lot descriptions up until the beginning of the sale.
DISCLAIMER CONCERNING THE CONDITIONS OF SALE BY AUCTION AND CATALOGUE TEXTS
Conditions of Sale by Auction, information and catalogue texts in English, French, Italian or any other language, as the case may be, are for the sake of convenience only and shall in no
way be considered binding. The DOROTHEUM is unable to assume any liability for the correctness of translations. In the event of diverging interpretations by interested parties, Buyers
and the DOROTHEUM, the German versions of the Conditions of Sale by Auction, information and catalogue texts shall exclusively be authoritative and binding. Equally, any and all
amounts stated in foreign currencies in the catalogue as well as on the currency converter shall be deemed to be non-binding indications only. In auctions, the sole legal tender of Austria
(EURO) will be used exclusively.
INFORMATION
Please note that pursuant to legal and internal compliance rules we need to verify your identity. Thank you for your understanding that we need to ask you for presentation of an
official photo identification and possible further documents (for instance, an extract of the companies register/commercial register/beneficial owners register or respective documents/
confirmations pursuant to the provisions of the relevant country/jurisdiction, if required).
Pursuant to our internal compliance regulations, Dorotheum does in general not accept payments from third parties that are not the winning bidders.
"signiert", "monogrammiert" (signed, monogrammed): a work signed or monogrammed by the artist; "bezeichnet" (inscribed, bears a signature/monogram): the inscription or artist's
signature appears to be by another hand; "zugeschrieben" (attributed to): probably but not necessarily an authentic work by the artist; Street Art (Urban Art): due to the specific
(sub)culture of this genre probably but not necessarily an authentic work by one or several artists or persons (except where a specific certificate of authenticity exists), often but not
necessarily reworked, adapted or stenciled; "Werkstatt" (studio, workshop): a work probably produced in the artist's studio or workshop, i.e. in the artist's immediate surroundings; "Schule"
(school): a work of uncertain date, executed in the style of an artist or a regional group of artists; "Umkreis" (circle): a work created within the artist's wide regional and temporal sphere
of influence; "Schüler" (Pupil): a work created by an unknown student of the artist; Associate: a work created within the artist's near sphere of influence; "Nachfolger" (follower): a work
in the artist's style, but possibly of a later period; "Nachahmer" (in the manner of): imitation or copy of a work by the artist, of an uncertain date; First name and surname of the artist,
date and location: undoubtedly a work by the artist.
ENGLISH
COPYRIGHT
All information (texts, descriptions, pictures, illustrations, etc.) and all advertising media of the DOROTHEUM are protected by copyright and are subject to intellectual property
protection. Outside the limits of the law, they may not be treated, distributed, reproduced or processed or stored in databases unless with the express prior written consent of the
DOROTHEUM. Moreover, the name DOROTHEUM is also protected by trademark rights registered at national and international levels. In case of infringement, the DOROTHEUM
reserves the right to take corresponding action under civil law or penal law to protect its intellectual property. By acquiring an item at auction the purchaser shall not acquire exclusive
license or exploitation rights under copyright law over and above title to the item purchased.

Contract

In order to participate in our auction you need to register 24 hours before the sale. Please be aware we reserve the right to ask all bidders for a deposit / passport ID prior to the sale.

Kind regards,
Dorotheum Client Service

Contract

In order to participate in our auction you need to register 24 hours before the sale. Please be aware we reserve the right to ask all bidders for a deposit / passport ID prior to the sale.

Kind regards,
Dorotheum Client Service

Buyer's Premium

The buyer's premium shall be as follows:
a) for items subject to margin tax (not specially marked in the catalogue/in the description) or for sales where the Dorotheum acts as an agent (marked with a "V" ["Vermittlung" = agent sale] in the catalogue/in the description):


up to an amount of EUR 500,000: 30% of the hammer price
for the amount exceeding EUR 500,000: 25% of the hammer price
for the amount exceeding EUR 1,000,000: 15% of the hammer price

In these cases the buyer's premium includes the statutory VAT.

b) for fully taxable items (marked in the catalogue/in the description with the symbol "+" for 20% VAT, with "-" for 13% VAT or with "#" for 10% VAT):

up to an amount of EUR 500,000 EUR: 25% of the hammer price
for the amount exceeding EUR 500,000: 20.84% of the hammer price
for the amount exceeding EUR 1,000,000: 12.5% of the hammer price

In the case under (b), the statutory VAT is calculated based on the total price (hammer price plus buyer's premium and a possible resale right royalty) and is added to the total price.


In addition to the listed buyer's premium, there is a surcharge of 3% + VAT for bidders via Invaluable!

RESALE ROYALTIES

In compliance with directive 2001/84/EC Austrian copyright legislation (Urheberrechtsgesetz-Novelle 2005 as amended) implemented Artist Resale right in Austria.
As a result, sales of original works that are marked with an asterisk (*) in the catalogue will be subject to a non-refundable royalty payment in the form of a surcharge on the hammer price. This will be used by the Dorotheum to pay the royalty due to the artist, his legal successor or the artist's representatives.

The surcharge is calculated as follows:
4% on the first 50.000 EUR, (= - 50.000 EUR)
3% on the next 150.000 EUR, (= 50.000,01 - 200.000 EUR)
1% on the next 150.000 EUR, (= 200.000,01 - 350.000 EUR)
0,5% on the next 150.000 EUR, (= 350.000,01 - 500.000 EUR)
0,25% on all subsequent amounts (= over 500.000,01 EUR), based on the hammer price.

The surcharge may not exceed 12,500 EUR and does not apply to purchases under
2,500 EUR.

Buyer's Premium

The buyer's premium shall be as follows:
a) for items subject to margin tax (not specially marked in the catalogue/in the description) or for sales where the Dorotheum acts as an agent (marked with a "V" ["Vermittlung" = agent sale] in the catalogue/in the description):


up to an amount of EUR 500,000: 30% of the hammer price
for the amount exceeding EUR 500,000: 25% of the hammer price
for the amount exceeding EUR 1,000,000: 15% of the hammer price

In these cases the buyer's premium includes the statutory VAT.

b) for fully taxable items (marked in the catalogue/in the description with the symbol "+" for 20% VAT, with "-" for 13% VAT or with "#" for 10% VAT):

up to an amount of EUR 500,000 EUR: 25% of the hammer price
for the amount exceeding EUR 500,000: 20.84% of the hammer price
for the amount exceeding EUR 1,000,000: 12.5% of the hammer price

In the case under (b), the statutory VAT is calculated based on the total price (hammer price plus buyer's premium and a possible resale right royalty) and is added to the total price.


In addition to the listed buyer's premium, there is a surcharge of 3% + VAT for bidders via Invaluable!

RESALE ROYALTIES

In compliance with directive 2001/84/EC Austrian copyright legislation (Urheberrechtsgesetz-Novelle 2005 as amended) implemented Artist Resale right in Austria.
As a result, sales of original works that are marked with an asterisk (*) in the catalogue will be subject to a non-refundable royalty payment in the form of a surcharge on the hammer price. This will be used by the Dorotheum to pay the royalty due to the artist, his legal successor or the artist's representatives.

The surcharge is calculated as follows:
4% on the first 50.000 EUR, (= - 50.000 EUR)
3% on the next 150.000 EUR, (= 50.000,01 - 200.000 EUR)
1% on the next 150.000 EUR, (= 200.000,01 - 350.000 EUR)
0,5% on the next 150.000 EUR, (= 350.000,01 - 500.000 EUR)
0,25% on all subsequent amounts (= over 500.000,01 EUR), based on the hammer price.

The surcharge may not exceed 12,500 EUR and does not apply to purchases under
2,500 EUR.

Shipping Terms

Shipping fees are applicable unless the winning bidder picks up the lot after the auction. The actual shipping rates depend on the dimensions and weight of the lots.

Shipping Terms

Shipping fees are applicable unless the winning bidder picks up the lot after the auction. The actual shipping rates depend on the dimensions and weight of the lots.