Cognac XO Hennessy

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Bidder	Bid price	Time
Compenid	€199	12/03/2020 15:11:11

Estimation
of your bid

Next bid increment	€209
Buyer's Premium (21%)	€4389
VAT on buyer's premium (20%)	€878
Applied duties and taxes	€0
Total	€26167

Do I have to pay VAT at auction?

I / I am a European professional (outside France and with a valid VAT registration number): Recoverable VAT: yes => 20% VAT will be subtracted before payment

II / I am a non-EU client:

1 / Recoverable VAT: yes => 20% VAT will be subtracted from the total sum before payment

2 / Recoverable VAT: no => VAT on the commission will be removed before payment

III / Other: no change

To find out if the VAT is recoverable, scroll to the detailed characteristics of the lot in question.

Viticulture

General:
The "Growing/vinification type" designation covers certified wines produced by biodynamic or organic methods, sustainably produced wines, and "environmentally friendly" wines that are not officially certified. These designations apply to recent vintages (the date of certification, if known, is specified in the estate description).These criteria concern the most recent vintages (the certificate dates are specified in the description of the winery, to the extent that this is known).
See the blog article for more information.

Biodynamic:
The "biodynamic" designation covers all estates certified for using biodynamic methods. They are accredited by one of the two official bodies, Demeter or Biodyvin. All wines produced by biodynamic methods are also certified as organic.
This designation applies to recent vintages.

Organic:
The "organic" designation covers all estates certified for using organic methods. They are accredited by one of the bodies approved by the Ministry of Agriculture, such as Ecocert.
This designation applies to recent vintages..

Sustainable:
The "sustainable" designation covers all estates certified for using sustainable or High Environmental Value (level 3 Environmental Certification) techniques.
This designation applies to recent vintages.

Environmentally friendly:
The "environmentally friendly" designation refers to estates practising environmentally friendly wine-growing techniques, but that have not opted for certification or who are still in the process of converting to organic agriculture or biodynamics. These estates may have adopted biodynamic principles (non-certified) or simply no longer use chemical products.
This designation applies to recent vintages.

Natural:
Wines which are produced without any added sulfur (or almost any) and with no other inputs. However, given that there is no official body to issue the natural wine label, it is based on winemakers’ statements.
This designation applies to recent vintages.

Triple A :
A label used for natural wines that adhere to a precise and demanding set of criteria. Triple A is a manifesto put together by the Italian Luca Gargano back in 2001. CEO of a large import company for Italian wines, his Triple A movement works with wine domains that carry out their craft in line with the motto “Agricoltori, Artigiani, Artisti” (Growers, Artisans, Artists).
This note concerns the most recent vintages.

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