The HENI Vault is a storage service which gives flexibility to collectors who don't have immediate space to store their artworks. Our fine art warehouse features a secure, climate-controlled environment in the UK. With its customs-bonded status, the HENI Vault not only ensures the safekeeping of your artworks but also allows the deferral of delivery and customs duties until you decide to withdraw your artworks.
Here's how it works:
- After the close of the drop, your artworks will enter production, during which there will be no storage charges.
- Two months post-drop, a monthly subscription fee of $25 per artwork kicks in for using the HENI Vault.
- You have the freedom to withdraw your artworks at any time. A handling and administration charge of $25 per artwork applies upon withdrawal.
You can choose to store your artworks in the HENI Vault during the checkout. You will be asked to complete some security questions which we may ask for in the future. Confirmation of your Vault subscription will be sent by email, along with details on how to withdraw your artwork in the future.
Please note that although VAT is not charged at the time of purchase, when withdrawing an artwork from the Vault, you will be charged VAT on the initial purchase price if you are then shipping that artwork to the UK. If you are shipping your artwork from the Vault to outside of the UK, you will be contacted by your local customs or shipping company regarding paying VAT and any applicable duties.