Droit de Suite
DROIT DE SUITE
The applicability of droit de suite (the artist's resale right) has taken effect on 1 April 2006 and applies to:
Original works of art by artists (alive or up to 70 years after death), being a national or an inhabitant of an EEA (European Economic Area) state or a country that applies a mutual droit de suite.
Arts & Antiques Group BV will collect the legally compulsory droit de suite fee from the buyer for the financial settlement.
The droit de suite fee will be collected over a sale price starting at €3000,- including the premium (excluding VAT) and will be calculated using a sliding scale of percentages of the sale price:
> €3.000 - ≤ €50.000 4%
> €50.000 - ≤ €200.000 3%
> €200.000 - ≤ €350.000 1%
> €350.000 - ≤ €500.000 0,5%
> €500.000 0,25%
(with a maximum of €12.500,-)