CONDITIONS MAINLY CONCERNING BUYERS
At the Gallery
It's easy: you see it, you like it, and you buy it. Our specialists would give you any advice required, highlighting the most interesting and remarkable items available. With no rush and enough time for a cup of coffee, the only thing you would have to do about it is to conduct payment.
With over 300 years history worldwide, an auction is the best place to buy for those preferring challenging experiences and the atmosphere of competition. In Russia, most traditions in this sphere meet world's relevant standards. Nevertheless, some local rules and regulations are essential to know for prospective buyers. These are highlighted below.
Issued generally 1 month prior to the sale, they contain essential information for prospective buyers, featuring lots descriptions and images, absentee bid forms, sale regulations, instructions for those willing to participate in the sale, export information, etc.
Quoted in Russian rubles and Virtual units (equal to US currency), estimates indicate the lower and higher limits the hammer price is likely to be within according to the experts' opinion. At the same time, there is no obligation to sell the lot within the estimate limits provided competitive bidding is in progress.
Estimates may be revised at any time before the sale. Please refer to the recent Saleroom Notice leaflet.
Announced by the auctioneer, it is normally 15-25% below the lower estimate. Any subsequent bid placed has a chance to be successful.
Opens 10 days prior to the sale. Lots included in the current sale, authenticity certificates, and additional information available. Opening hours are quoted in the sale catalogue.
Please note that according to conditions of sale, the lot is purchased "as is" and we would not accept any claims based on the fact that the buyer had not examined the lot properly.
Condition reports for overseas buyers provided on request.
Attending The Sale
To attend a sale, one should have (or buy) a relevant sale catalogue (max. 2 persons per copy). To register for bidding, those doing it with us for the first time should produce a photo ID.
This is a free additional service for those who can not attend the sale in person. The prospective bidder should fill the relevant form provided in the catalogue or available from the saleroom and leave it with us having quoted lot numbers and descriptions sufficient for identifying, and maximum prices he is ready to bid. When bidding with us for the first time, an ID is requested. We shall try our best to buy on your behalf the lots quoted at the best price available regarding other bids.
Please fill the absentee bid form quoting "Telephone Bid" on top. For best results, the form should reach us 1 day before the sale. An ID may be requested. This service is free for incoming, local (within Moscow), and mobile (using local numbers or local access codes) connections.
All lots included in the sales have passed expert examination. Any statement as to authorship, origin, date, and provenance is believed to be true by the date of the sale. Expert certificates provided (when available).
All lots included in "K"-indexed sales have been checked against the Russian Ministry of Culture Stolen Art database.
Conditions of Payment
If otherwise not agreed, payment is due immediately after the sale.
The buyers' premium is charged on the hammer price at the rate of 10% on the first Rub. 100'000 (approx. USD 3'000) and 6% on the rest of the total value of purchases at a single auction sale, inclusive of VAT. There is no buyer’s premium when buying items not included in the sale from the gallery.
Payment may be conducted in cash, by bank transfer or credit card. VISA and MasterCard accepted. Local regulations require that the cardholder should be present disregarding of the transaction amount. Cardholder's ID may also be required.
A deposit of 30% of the total amount due may be paid on the day of the sale. The rest of the total amount due should be paid within 5 days. Should this not happen, the sale will be cancelled and the deposit remains with us. Should you cancel the sale voluntarily within 5 days, 50% of the deposit will be refunded.
Storage & Removals
The lots purchased can be stored with us free of charge for 5 days. After that, 0,5% of the total amount paid will be charged for every day of storage.
If the property is lost or damaged after all the amount due has been paid and within 5 days after the sale, by agreement with the buyer we either provide restoration works or make a relevant refund for the loss in value. The responsibility is limited with the total amount paid. No consequential losses can be claimed.
At the same time, no loss or damage can be clamed on frames, mounting, glass, boxes etc., unless these items are objects of sale themselves as stated in the catalogue.
The property released may be packed using materials available entirely at the owner's risk. For professional packaging please contact your shipper or relevant service provider.
The property may be shipped to any destination worldwide via international courier services at the buyer's expense and provided all export papers have been obtained in advance.
For possible deliveries within Moscow please contact us when or before conducting payment.
Exports from Russia
Export licenses are required for all pieces of art moved outside Russia. Lots for which such licenses are likely to be obtained, are indicated with asterisks in the catalogue. Please contact us for further information before the sale. Please mind that attempting to move such pieces outside Russia illegally is considered a serious criminal offence.
Our specialists can perform restoration works on request.
We also perform framing works using the best domestic and imported materials.