Buying at auction

Buying at auctions is one of the most reliable and most fascinating ways to collect art or to enrich existing collections.  Each auction is always an extraordinary event.

We at Germann Auction House Ltd. welcome all Art Enthusiasts at our Fine Arts Auctions and Poster Auctions. There are various ways to participate in our auctions – In person in our saleroom or, as an absentee bidder with a written bid, by telephone where we will call you during the auction or at certain auctions by online bidding via the internet.

Our auction catalogs are published approx. 3 weeks prior to the auctions. You can order your personal catalogs, browse the catalogs online on our webpage or download it as PDF.

We exhibit all artworks during the previews and invite you to visit this « Museum on Time ».


The auctions and the previews are public.

We recommend that everybody visits the preview exhibitions and to examine the quality and the condition of the art works. Due to reproduction -catalog and internet- it might be possible that slight colour deviations occur. Unfortunately, not even the most modern techniques avoid such mutations and changes. 

We kindly ask you to carefully read the conditions of sale by auction.

 

watchlist / bidding list on the internet

Presumably, your interest is attracted by several objects and you cannot take an immediate decision. While clicking into the field "save to my watchlist/bidding list" you can list your favourites. The list is designed to be used as your personal working instrument as well as for placing written absentee bids or telephone orders (see below). 

 

Bidding in person at auction

To bid in person, just come to the reception before the auction begins. If you are a first-time bidder, you may be asked to identify yourself (ID Card, passport) and to supply financial references.

To bid on an object, simply raise your hand. This will indicate the auctioneer your bid.
The bidding increments are decided by the auctioneer, and usually do not not exceed ten percent of the previous bid.

 

Absentee Bids / Written Order Bids

If you cannot attend the auction in person and wish to bid, you can do so by completing the absentee bid form and submit your written bid.

On the internet: Click on the page "detailed view" of the lots of your interest into the field "save to my watchlist/bidding form". On the menu item "Auctions" and "My Watchlist/Bidding Form" you see the collected artworks of interest you. On your Watchlist/Bidding Form you can  edit your selection and  put in your maximum bids. Just print the list as PDF, insert your complete address and personal details and send it duly signed either per post, fax or Email to Germann Auction House Ltd.

A "Blank List" can also be printed and filled out in handwriting.
The form is also included in each catalog. 

Your bid, with your maximum amount, will not be exceeded. The premium on the hammer price and the applicable Swiss VAT (value added tax) are not included in your bid and will be added to the price. As a rule, the lots will always be bought for the lowest increment that exceeds all competing bids and which meets or exceeds the reserve price.

The duly signed forms must be received by Germann Auction House Ltd. no later than 24 hours before the auction begins. 

We strongly recommend that you send in your written order bids as early as possible because, in the event of identical bids, the earliest received will take precedence. 

 

Bids by telephone

If you decide to bid by telephone we will call you during the auction at your specified  phone number short before the desired lot comes up .

Please ensure your telephone lines are not occupied and that you have our catalog available. As a rule, the auction proceeds rather fast and therefore, it is advisable that you roughly decide in advance on the amount you are willing to pay. The premium on the hammer price and the applicable Swiss VAT is not included in your bid and will be added to the price. Our team is eager to actively engage you in the auction process and will help you to successfully place your bids. 

To place your telephone order:  Create your "Watchlist/Bidding Form"  as described in the above section "Absentee Bids/Written Order Bids". Instead of filling in an amount you just write "Phone Order" and state the telephone number (including country code) at which you can be reached during the time the auction takes place and send it duly signed either per Post, Fax or Email to Germann Auction House Ltd.

The duly signed forms must be received by Germann Auction House Ltd. no later than 24 hours before the auction begins.
The telephone lines are limited.

 

Bids in the course of an Online Auction via the internet

Potential buyers who intend to to place their bids in the course of an Online Auction via the internet may participate in the auction once their registration application has been approved by Germann Auctions House Ltd. Germann Auctions House reserves the right to decline registration applications at its discretion. 

 

Premium

All buyers shall pay a premium on the hammer price for each lot, calculated as follows:

For a hammer price up to CHF 10'000: 25%

For a hammer price above CHF 10'000 up to CHF 400'000:
25% on the first CHF 10'000
20% on the difference between CHF 10'000 up to the hammer price

For a hammer price above CHF 400'000:
25% on the first CHF 10'000
20% on the difference between CHF 10'000  up  to CHF 400'000
15% on the difference between CHF 400'000  up to the hammer price

If the winning bid is placed in the course of a Live Online Auction, there will be an additional 3% added to the premium. Bidders are subject to the terms and conditions of Germann Auctions House Ltd. as listed on the Live Auction Website, which may differ in some respects from those listed here. 

 

 Value added tax (VAT / MWST)

The above mentioned buyer's premium is subject to the Swiss VAT, which is to be paid by the buyer.
For lots marked with asterisk (*) both, the price at which the object has been knocked down and the buyer's premium are subject to the Swiss VAT.

After an export declaration, duly signed by the Swiss customs authorities, has been received, Germann Auction House Ltd. will refund the Swiss VAT to foreign buyers, provided that the sum exceeds CHF 50.

 

Payment and release of acquired objects

You may pay for your purchase immediately after the auction by going to the Cashiers and take the objects with you. Payment by check or credit card is not accepted. Otherwise, the invoice will be sent to you by mail or Email and must be paid within 10 days either by bank or post transfer. Late payments are due to a penalty of 1% interest per calendar month.

The purchase will be released after receiving the buyer’s full payment of the hammer price, premium and, if applicable the taxes. You may pay for your purchase immediately after the auction by going to the Cashiers or an invoice will be mailed to you following the sale.

The object acquired must be picked up at the close of the auction or within 10 days thereafter at the risk and expenses of the buyer. After that, the objects will be stored at the risk and expenses of the buyer. The daily rate is CHF 10 per object.
The buyer is fully liable for the loss, theft, damage or destruction of the acquired items. Germann Auction House Ltd. ceases to have liability after the said period.

We look forward to your participation in our auctions. 

 

Germann Auction House Ltd.   - Your Partner concening Fine Arts
 
Germann Auctions House Ltd., Stockerstrasse 38, 8002 Zurich (Switzerland)
Fon +41 44 251 83 58   -   Fax +41 44 261 53 87      art@germannauctions.com  -