How to sell
Selling an object with Viscontea Casa d'Aste is simple, just ask for an estimate and one of our experts will reply shortly
REQUEST AN ESTIMATE
GENERAL CONDITIONS OF SALE
At the headquarters of the Auction House you can get a free evaluation of the objects you want to put up for sale. Our experts will provide an indicative estimate value.
2. Terms of the mandate to sell
The Auction House acts as an agent on behalf of the principal, a natural person or company of any kind, who instructs it with the sale of objects and assets owned by it. The principal authorizes the auction house to sell its assets both in a single lot and separately, by auction with auctioneer or timed auction, under the conditions of sale that the auction house deems most appropriate from time to time. The Auction House reserves the right to withdraw any lot from the auction, before the auction has started. The conditions of sale are deemed to have been accepted by the principal with the signature of the mandate.
Upon delivery of the objects, a document (mandate to sell) will be issued with the list of all the objects offered for sale, the reserve prices, the commission and any costs for insurance, photos and transport, as well as the probable date of the sale. An identity document and tax code must be provided for notation on the P.S. kept at the offices of the Auction House. The mandate to sell is with representation and therefore the Auction House does not replace the principal in relations with third parties.
The seller who, in bad faith, proposes for auction works that have already been proven false and / or counterfeit, in addition to being liable for his own behavior, will be subject to the payment of auction commissions to the extent of the percentage indicated on the mandate to sell, as well as auction fees, both to be calculated on the accepted and subscribed reserve price. The Auction House will take the necessary measures and will also have the right to request compensation for any image damage caused.
3. Reserve price
The reserve price is the minimum amount gross of commissions to which the entrusted object can be sold. This amount is strictly confidential and will be protected by the Auctioneer at the auction. If this amount is not reached, the lot will be considered unsold.
The remuneration due by the principal to Viscontea Casa d'Aste is equal to .......% of the hammer price for lots with reserve below € 1000.00, equal to .......% of the hammer price for lots with reserve equal to or more than € 1000.00. Transport, illustration and insurance costs must be added to this amount, deducted from the proceeds, at a rate of 2%.
5. Rights below
The authors of works and their heirs, for the entire life of the artist and for seventy years after his death, are entitled to a compensation, called "resale right", on the price of each sale subsequent to the first, of the original work, as introduced by d. lgs. 118 of 13.2.2006.
The fee is paid by the seller, and Viscontea Casa d'Aste is required to pay the "resale right" to SIAE on its behalf, deducting it, together with the commissions, from the amount due to the principal for the lots sold.
It is calculated on the sale price, net of tax, on a differentiated percentage basis in relation to the different brackets:
- 4% for the part of the sale price up to € 50,000.00;
- 3% for the part of the sale price between € 50,000.01 and € 200,000.00;
- 1% for the part of the sale price between € 200,000.01 and € 350,000.00;
- 0.5% for the part of the sale price between € 350,000.01 and € 500,000.00;
- 0.25% for the part of the sale price higher than € 500,000.00;
The total amount of the remuneration cannot in any case exceed € 12,500.00.
6. Liquidation of the proceeds
The payment of the hammer price, after deduction of the amounts referred to in points 4 and 5, will be made to the principal after sixty working days from the date of the sale and in any case once the collection operations have been completed and provided that no objections have arisen from the 'buyer tending to terminate or cancel the sale. In the event that the buyer resides abroad and the awarded object must be exported, the payment will take place once all the authorizations required by customs, currency and historical heritage protection have been obtained.
7. Unsold items
If, after thirty days from the closing of the auction, the unsold items are not collected at the expense of the principal or the reserves are not repaid with the property, they will automatically undergo a reduction equal to 50% of the amount indicated on the mandate to sell.
8. Revocation of the mandate
The revocation of this mandate entails, if the object has already been cataloged, the payment of custody fees and expenses, all set as a percentage sum on the reserve price or, if this is not established, equal to 20% of the value .
The exclusive jurisdiction of the Court of Milan is established for any dispute.