Artworks under Customs Bond are located in a Freeport or a Bonded Warehouse. In order to freely release a work, the buyer will be responsible for the import duty and VAT taxes owed. Sellers are responsible for any applicable storage or warehouse fees.
As bonded artworks require additional administrative work, there may be inherent delays to its release and collection. Considering the accommodations needed, the delivery timeline may exceed normal shipping timelines.
Customs procedure and fees owed will vary by country of origin. If you are interested in consigning an artwork under bond, please inform your specialist and auction-operations contact directly during contracting.
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