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VAT Reduction: Now at 5%

Peter’s Gallery
VAT Reduction: Now at 5%

Enjoy the most substantial reduction in our gallery’s tax structure in over 50 years, providing you with a more attractive and competitive experience.

VAT Reduction: Now at 5%

Dear Valued Clients,

We are delighted to share some exciting news regarding our VAT structure. After diligent efforts to clarify the provisions for goods taxable at a reduced rate, we are thrilled to announce a significant change that marks the most substantial VAT reduction in our gallery’s tax structure in over 50 years.

Effective May 2024, all art purchases made at Peter’s Gallery, excluding silkscreen prints and poster art prints, will now be subject to a reduced VAT rate of 5%, as opposed to the previous rate of 19%. This change aims to enhance your experience and provide fair and attractive pricing for our clients.

Here is a brief overview of our updated VAT structure:

• For all art purchases made at Peter’s Gallery, excluding silkscreen prints and poster art prints, VAT will be applied at a rate of 5%. This applies to sales from all our selling channels including our auctions.

• For consignment artworks represented by Peter’s Gallery, a zero VAT rate will apply.

This reduction offers both new and seasoned collectors a more favourable opportunity to start or expand their collections, enabling them to acquire artworks with greater financial benefits.

As the Director of Peter’s Gallery, I would like to express our sincere gratitude to our clients for the 50 years of support and trust you have shown in our gallery. I want to emphasise our ongoing commitment to providing the most competitive and professional services.

For more information and to stay informed with our upcoming exhibitions and events, please register for our newsletter or contact us directly.

We look forward to seeing you at Peter’s Gallery.


Petros Michaelides
Director, Peter’s Gallery

Αγαπητοί μας Πελάτες,

Κατόπιν επιμελούς προσπάθειας βρισκόμαστε σήμερα στην ευχάριστη θέση να σας ανακοινώσουμε σημαντικά νέα σχετικά με τη νέα δομή του Φ.Π.Α. στα έργα τέχνης της Peter’s Gallery.

Από τον Μάιο 2024 θα εφαρμόζεται συντελεστής Φ.Π.Α. 5% και όχι 19% στις αγορές έργων τέχνης που πραγματοποιούνται στην Peter’s Gallery, εκτός από τις μεταξοτυπίες και τις αφίσες (πόστερ τέχνης). Θα εφαρμόζεται σε αγορές έργων από όλα τα κανάλια πωλήσεων της Peter’s Gallery συμπεριλαμβανομένου και των δημοπρασιών μας.

Επιπρόσθετα, θα εφαρμόζεται μηδενικός Φ.Π.Α. σε έργα παρακαταθήκης της γκαλερί. Πρόκειται για έργα τέχνης που ανήκουν σε καταθέτες και εκπροσωπούνται από την Peter’s Gallery.

Με αυτή την σημαντική μείωση του συντελεστή δίνεται μια μεγάλη ευκαιρία στους νέους και υφιστάμενους πελάτες μας να απολαύσουν αγορές έργων με πιο ευνοϊκές συνθήκες για να ξεκινήσουν ή να εμπλουτίσουν τις συλλογές τους.

Ως Διευθυντής της Peter’s Gallery θα ήθελα να εκφράσω τις ειλικρινείς ευχαριστίες μας προς τους πελάτες μας για τα 50 χρόνια υποστήριξης και εμπιστοσύνης που έχουν επιδείξει στην γκαλερί μας και να υπογραμμίσω τη ατελεύτητη προσπάθεια μας να συνεχίσουμε να προσφέρουμε τις πιο ανταγωνιστικές και επαγγελματικές υπηρεσίες.

Για περισσότερες πληροφορίες και ενημερώσεις σχετικά με τις επερχόμενες εκθέσεις και εκδηλώσεις μας εγγραφείτε εδώ ή επικοινωνήστε μαζί μας απευθείας.

Ανυπομονούμε να σας καλωσορίσουμε στην γκαλερί μας.

Πέτρος Μιχαηλίδης
Διευθυντής, Peter’s Gallery

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Please be advised offers ranging 5% to 15% below the original price have a higher chance of acceptance.

(Prices do not include VAT)

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Certificate of Authenticity

A Certificate of Authenticity is essential to identify and attest to an artwork's genuineness and provenance. Peter's Gallery issues a Certificate of Authenticity to accompany every piece from our collection.

Symbols Definition

†  The single dagger symbol indicates these items will be sold under the 19% VAT standard rate on the hammer price.

‡ The double dagger symbol indicates these items will be sold under the 5% VAT reduced rate on the hammer price. For more information on the reduction, please see our announcement.

Ω The Omega symbol indicates these items are VAT exempt on hammer price; 19% VAT applies to premium.

#  The hash symbol indicates 19% VAT applies only to buyer’s premium.

The diamond symbol indicates 19% VAT applies to hammer price and buyer’s premium.

△  The triangle symbol indicates there is no reserve price in place.

☐ The square symbol indicates there is a reserve price.

The VAT and Buyer’s Premium will be applied on the checkout page.

This guide explains how the total purchase price is calculated.

• View the glossary of terms to familiarise yourself with the language of auctions.

• Read the auction Terms & Conditions in English and Greek for more.

• Visit the FAQ page for further assistance.

Portfolio Submission

Upload up to three (3) colour images of your artwork. Complete this form for each item.

If you’re an artist interested in submitting your artwork(s) for selling at auction then kindly submit your artwork(s) here.

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Please upload three (3) colour photos of your item: Front, back and signature. Format types: JPG, PNG, TIFF. The size limit per image is 10MB.
Please upload up to three (3) documents. Format types: PDF, JPG, TIFF or PNG. The size limit per file is 10MB.

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– Please include prices if you have established prices for your artwork. If you do not have established prices and are not certain of how to price your work, the gallery team will assist represented artists with pricing; this assistance is offered as part of Peter’s Gallery representation.

Frame & Restore
Estimation Form

Answer these quick questions and help our dedicated Support Team send a quotation to you faster.

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Please upload up to three (3) colour photos of your item. Format types: JPG, PNG, TIFF. The size limit per image is 10MB.


Contact us and we will advise further on this item.

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Effective May 2024, Peter’s Gallery has lowered its VAT rates from 19% to 5% for all categories excluding Silkscreen prints & Poster prints. Please refer to our announcement and our Terms and Conditions for more information.

Lot Prices

Please note that Lot prices listed on this page are exclusive of the Buyer’s Premium, of any applicable taxes and costs, unless otherwise noted.

Auction closing times

Lots will close at their scheduled time unless a bid is placed within five minutes of a Lot’s scheduled closing time, in which case we will extend the sale of that Lot by five minutes.

The extension of any Lot’s closing time does not affect any other Lot’s closing time; therefore, it is possible that Lots will close out of the announced auction ending time. Lots may extend for up to two hours to accommodate competitive bidding.



Unsold artworks from the latest auction are now available for purchase at their starting price for a limited time. The Aftersale offers a second chance for unclaimed items to find their new collector. They can be viewed on this page under the ‘Aftersale‘ label or by visiting the gallery.

For a direct view of the Aftersale items only, you can browse them here.

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The secondary art market

The term “secondary market” refers to art that has been sold at least once before. In simpler terms, the secondary market deals with resale, typically with artworks by artists who have a substantial reputation. For example, most artworks sold through auction houses form part of the secondary market.

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Secure Transaction

Peter’s Gallery is committed to protecting your personal information and securing our computer systems.

We consider the confidentiality of your personal information to be important and we use SSL, the newest and most recent standard security technology to safeguard your transactions and data from manipulation, destruction, or access by unauthorized persons and to prevent unauthorized disclosure.


Buyer's Premium & VAT

The total purchase price is calculated, in short, as such:

Hammer Price + Buyer’s Premium (12%) + *VAT (5% or 19%)

The Buyer’s Premium is added to the Hammer Price (winning bid) and is included as part of the total Purchase Price payable by the successful Bidder. In an Online Auction conducted by Peter’s Gallery, the Buyer’s Premium rate is as follows: 12% of the Hammer Price of any amount. 

*Value Added Tax (VAT) applies as follows: artworks are taxed at a reduced rate of five percent (5%) (‡ symbol) or nineteen percent (19%) († symbol) on the hammer price, depending on the item. For items marked with the Omega symbol (Ω), the hammer price is exempt from VAT. A nineteen percent (19%) VAT applies to the Buyer’s Premium for all items, regardless of the symbol.

The VAT and Buyer’s Premium will be applied on the checkout page.

Familiarise yourself with the auction terms by reading the Auction Glossary.

Read the auction Terms & Conditions in English and Greek here.

Visit the FAQ page for more.

Manage your bids and orders
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How offers work

After entering your offer price, you will receive a reply within two (2) business days, letting you know if your offer was accepted or countered.

The email will include payment instructions. Be advised items are not put on hold and will remain available for purchase until your transaction is completed.

Peter's Gallery



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Please keep in mind that not all items are on display. We will be happy to provide assistance with arranging a private viewing upon request. Please contact us should you have specific viewing requirements or any questions relating to your visit.

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