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How to sell

Selling Your art, antiques and collections with Viscontea Casa d'Aste is simple. You just need to request a quotation and one of our experts will get back to you immediately.

General conditions of Sale

1. Valuations

You can get a free valuation by visiting our Milan auction house in person or directly online (be sure too add a photo of your objects). Our experts will give a best estimate as to what you can expect to recieve for your artwork at auction.

2. Permission to sell

During the process of the sale, the Auction House will act on your behalf whether you are a person, a company or society. You authorize the Auction House to sell your objects either as single items or grouped into suitable lots of multiple items, through traditional auction or online timed auction, as the Auction House seems suitable and in the best interests of the seller. The Auction House reserves the right to remove any lot from sale before the auction has started. The terms and conditions of sale are deemed accepted once the seller signs the relevant documents.

Upon receipt of the objects, will be issued a document ("mandate to sell") with the list of all objects offered for sale, stock prices, the commission and any costs for insurance, photos and transports, as well as the expected date of sale. They shall be provided an identity document and tax code for the annotation on the records of PS kept in the office of the Auction House. The mandate to sell is with representation and therefore the Auction House does not replace the principal in dealing with third parties. The seller who, in bad faith, offers for sale works of already established falsehood, will be subjected to the payment of auction fees and buyer’s premium, calculated on the accepted ad signed reserve price. The Auction House will also have the right ti claim compensation for damage to image.

3. Reserve price

The reserve price is the minimum gross of fees to which the given object can be sold. This amount is confidential and will be protected from the Auctioneer during the sale. If this amount is not reached, the lot will be considered unsold.

4. Commissions

The amount owed by the principal to Viscontea Casa d’Aste is equal to ……% of the hammer price for lots with a reserve below € 1000.00; and is ……% of the hammer price for lots with a reserve of € 1000.00 or more.
To this amount, deducted from the proceeds, shall be addected costs for transport, insurance and photos at a rete of 2%.

5. Diritti di seguito - author rights

The authors of a work of art, and their heirs - for the life of an artist and for 60 years after his death, have the right to compensation, known as "diritto di seguito", on the price of every sale and successive sale of their original art work, as introduced by the law lgs. 118 of 13.2.2006.

The commission must be paid by the seller. Viscontea Casa d'Aste is obbliged to pay the "diritto di seguito" to SIAE on behalf of the seller, subtracting the total amount from the sale.

Author commissions are calculated on a sliding scale based on the amount of the sale:

- 4% on the part of a sale up to € 50,000.00;

- 3% on the part of a sale between € 50,000.01 and € 200,000.00;

- 1% on the part of a sale between € 200,000.01 and € 350,000.00;

- 0,5% on the part of a sale between € 350,000.01 and € 500,000.00;

- 0,25% on the anything over € 500,000.00;

The total commission cannot be over € 12,500.00.

6. Liquidation of the proceeds

The payment of the auction proceeds, after deduction of the amounts referred to paragraphs 4 and 5, will be made to the principal after sixty days from the sale and in any case after completion of the operations of collection and provided that no objections have arisen from the buyer tending to cancelation of the sale. In the case of foreign customers requiring the exportation of the awarded object, the payment will be made after obtaining the necessary permits. In case of default by the buyer, the unpaid and not collected item will be repeated in auction, after approval by the seller.

7. Unsold objects

After 30 days following the closure of the auction, the unsold objects have not been collected by the seller (at the sellers expense), the reseve price will be reduced by 50% with respect to that stated on the Permission to Sell document.

8. Removal of Permission to Sell

If the object has already been cataloged, retraction of the Permission to Sell, will result in a compensation to be paid for the handling and storage of the object equivalent to a fixed percentual of the reserve price, or, if the reserve price has not been established, 20% of the value of the object.

9. Jurisdiction

The court of Milan, Italy shall have exclusive jurisdiction over any disputes relating to the terms and conditions mentioned above.

ASK THE EXPERTS

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