Please note that the turnover tax treatment of works of art has changed as of 1 st January 2025. According to this amendment, the objects of art listed in Annex 2 No. 53 of the Umsatzsteuergesetz (UStG, Turnover Tax Act) – such as paintings, drawings, sculptures, works of graphic art – now are subject to the reduced turnover tax rate of 7%.
For works of art not classified in this category – such as silkscreen prints, offset prints, photographs – turnover tax will be charged at a rate of 19%, as before. This change will affect all of the lots marked in our catalogues with an “R” (standard taxation).
Please also note that in the case of works giving rise to a right to resale royalties for the artist in accordance with Section 26 of the Urheberrechtsgesetz (UrhG, German Copyright Act), these royalties will be charged to the buyer, in addition to the hammer price and the buyer’s premium, at the percentages stipulated by law. For further information, please refer to section 4.2 of our Conditions of Sale.
If this is the first time you wish to bid at a Grisebach auction, you will need to provide certain supplemental documentation along with the completed registration form for first-time bidders: