Lot 661: MIXED LOT (6 BT) |

Chateau Latour 1991 (1 bt)
Good level and appearance
Chateau Leoville Las Cases 1992 (2 bts)
Good levels, labels very slightly marked
Chateau La Dominique 1993 (2 bts)
Good levels and appearance
Chateau Cos d'Estournel 1993 (1 bt)
Excellent level, good appearance
Lot 661 ♦ 6 bts (cn)
per lot: GBP 340-440
per lot: USD 500-650
per lot: EUR 460-600

LYING IN OCTAVIAN, WILTSHIRE
Offered In Bond, available duty paid


These items are in bond. The buyer has a choice of taking the item in bond (with the sale being made in bond) or taking the item duty paid.
If taken in bond, VAT will not be charged on the hammer price. VAT will be charged at 20% on the buyer's premium which may not be cancelled or refunded by Sotheby's.
If taken duty paid, when Sotheby's releases the property to buyers in the UK, the buyer will become the importer and must pay Sotheby's duty at the current rate and import VAT at 20% on the hammer price + duty which may not be cancelled or refunded by Sotheby's. VAT will be charged at 20% on the buyer's premium which may not be cancelled or refunded by Sotheby's.
(VAT - registered buyers from the UK should note that the invoice issued by Sotheby's showing import VAT payable, is not suitable evidence for recovering that VAT. In order to recover this as input tax, a VAT registered buyer must purchase the wine in bond and clear it under his own name and VAT number. HM Customs will then issue a Form C79 which is acceptable evidence for recovering the VAT as input tax subject to the normal rules.)
(All business buyers from outside the UK should refer to 'VAT Refunds from HM Customs & Excise' for information on how to recover VAT incurred on the buyer's premium).