What does it cost to buy?

Fees & taxes

Purchases made at all Bruun Rasmussen online auctions are subject to a 25% fee, which covers 20% buyer’s premium and VAT of the premium.

Purchases made at all Bruun Rasmussen traditional salesroom auctions are subject to a 30% fee, which covers 24% buyer’s premium plus VAT of the premium.

Some individual lots are subject to full VAT payment, which means that 25% VAT will be added to both the auction fetching price and the buyer’s premium. These lots are marked with an asterisk (*).

In accordance with Danish copyright law, an additional royalty fee is to be paid for the purchase of works by contemporary Danish artist and some international artists who are either still alive or who have been dead for less than 70 years. The additional royalty fee will be collected by Bruun Rasmussen on behalf of Copydan, which is a Danish-based joint collecting society. Such works are marked with (CD) for Copydan next to the lot number.

The Copydan royalty fee is added to the auction price including the buyer’s premium when the total exceeds €300.

Copydan royalty fees:

• 5% of the auction price and buyer’s premium (excluding VAT) totalling up to €50,000.

• 3% of the auction price and buyer’s premium (excluding VAT) of totals between €50,000 and €200,000.

• 1% of the auction price and buyer’s premium (excluding VAT) of totals between €200,000 and €350,000.

• 0.5% of the auction price and buyer’s premium (excluding VAT) of totals between €350,000 and €500,000.

• 0.25% of the auction price and buyer’s premium (excluding VAT) of totals above €500,000.

Copydan royalties must not exceed €12,500 for an individual artwork.

The euro exchange rate has been set by Copydan for 2012 at DKK 743.30 per €100.

Also read Conditions of purchase