ADAM'S MID-CENTURY MODERN 8TH APRIL 2025

traced the balance shall be placed in a bank account in the name of the Auctioneer for the seller. Any deficit arising shall be due from the seller to the Auctioneer. Any Lots returned at the seller’s request shall be returned at the seller’s risk and expense and will not be insured in transit unless the Auctioneer is so instructed by the seller. Photographs and Illustrations/Marketing Charges 37 . The seller authorises the Auctioneer to photograph and illustrate any Lot placed with it for sale and further authorises the Auctioneer to use such photographs and illustrations and any photographs and illustrations provided by the seller at any time in its absolute discretion (whether or not in connection with the auction). Catalogue illustrations are included at the discretion of the Auctioneer. Marketing charges will be calculated as a scaled fee, working off the ham- mer price as per the table below. All prices are subject to VAT at the stan- dard rate. €0-€500 hammer price €25 €501-€2999 hammer price €50 €3000 and above hammer price €100 Outlay Charges 38. Where additional costs from third parties have acrued from the han- dling and selling of a Lot, the seller authorises the Auctioneer to deduct these charges from the Total Amount Due. These charges include, but are not limited to, charges concerning carriage, restoration, framing and re- pair and are set by the third party. Where the Lot is not sold, these charges will be billed directly to the client. VAT 39 . It is presumed, unless stated to the contrary, that the items listed here- in are auction scheme goods as defined in the Finance Act 1995. Artist’s Resale Rights (Droit de Suite) 40 . Government Regulations (S.1. 312/2006) Under this legislation a royalty (droit de suite) is payable to living or de- ceased (up to 70 years from date of death) artists of E.U. Nationality on all works resold for €3,000 or more, other than those sold by the artist or the artist’s agent. The resale royalty payable is calculated as follows: From €3,000 to €50,000 4% From €50,000.01 to €200,000 3% From €200,000.01 to €350,000 1% From €350,000.01 to €500,000 0.5% Exceeding €500,000 0.25% The total amount of royalty payable on any individual sale shall not exceed €12,500. The seller is liable for payment (paragraph 7.1 of Government Regulations (S.1. 312/2006)) of this royalty on completion of the sale. The artist may request from the Auc- tioneer any information necessary to secure payment. Unless otherwise directed by the vendor, the Auctioneer will automatically deduct the amount due from the proceeds of sale and will hold in trust for the artist or their rep- resentative the said sum.