Buyer's premium and royalties
Costs on top of the hammer price:
1. Buyer's premium
The buyer's premium amounts to 25% of the gavel price, VAT included, if VAT is applied onto the margin (art. 58, § 4 VAT code).
2. Royalties
Royalties are applicable to artists from countries member of the European Union and countries outside the E.U. where according to the law royalties are applicable, and that up to and including 70 years after the year the artist died, for lots with a gavel price of € 2.000 or more.
The royalties are calculated as follows:
4% on the part of the gavel price up to € 50.000 included;
3% on the part of the gavel price from € 50.000,01 up to € 200.000 included;
1% on the part of the gavel price from € 200.000,01 up to € 350.000 included;
0,5% on the part of the gavel price from € 350.000,01 up to € 500.000 included;
0,25% on the part of the gavel price superior to € 500.000.
The total amount of the royalties cannot be more than € 12.500.
(Law of December 4th 2006 and R.A. of August 2th 2007)
3. Online fee
Online purchases on the live bidding platform of De Vuyst or on an independent bidding platform linked to De Vuyst are subject to an additional 3% surcharge on the hammer price.
4. Special VAT-regulation
◊ Lots marked with a rhomb are coming from a country outside the European Union and are therefore subject to a special VAT regulation, increasing the sales costs to 31% instead of 25% of the gavel price, including the VAT on the margin.
Consult our terms and conditions
