Before the Auction
For each lot, a minimum estimate, a maximum estimate and the starting price of the auction are specified. Estimates are purely indicative assessments for potential buyers and do not include the "Buyer's Premium" and VAT, if due.
Bids before the Auction
You can bid even before the auction begins (absentee bid). Browse the online
Partecipating in the Auction
Registered users must access the portal https://live.auctionaffair.com to participate in online auctions, which can be viewed on a PC, tablet or smartphone.
Bids are preset by Auction Affair. Bids increments are approximately 10% respect to the current bid as the example shown below:
|€ 0||€ 99||€ 10|
|€ 100||€ 499||€ 50|
|€ 500||€ 999||€ 100|
|€ 1,000||€ 1,999||€ 200|
|€ 2,000||€ 4,999||€ 250|
|€ 5,000||€ 9,999||€ 500|
|€ 10,000||€ 19,999||€ 1,000|
|€ 20,000||€ 49,999||€ 2,000|
|€ 50,000||€ 99,999||€ 5,000|
|€ 100,000+||€ 10,000|
After the Auction
Whenever you win an item during an Auction Affair auction, you should pay in addition to the awarded price the auction commission which may range from 20% to 25% plus VAT is applicable calculated on the awarded price. During the auction in live management panel by clicking on the "Charges & Fees" button you may see these costs in real time.
In the case of the sale of works of figurative arts or manuscripts whose authors are living or deceased for less than 70 years, the purchaser shall also
On April 9, 2006 the Legislative Decree No. 118 dated February 13, 2006 was enacted into law, implementing the European Directive 2001/84/EC, which introduced copyright protection for works of art and manuscripts for the authors and their heirs up to the seventy-year following the death of the author with the right to receive a remuneration on the price of each sale of the original after the first one (known as "Resale Right"). The "Resale Right" is only effective when the price of the sale is not less than 3,000.00 euros. The rates are calculated as follows:
– 0.25% for the portion of the sale price higher than 500,000.00 euro.
AUCTION AFFAIR S.r.l., being an auction house, is required to pay the "Resale Right" to the Italian Society of Authors and Publishers (S.I.A.E.). Lots marked with the symbol (®) are subjected to the "Resale Right" in the percentage indicated above for a total amount not exceeding 12,500.00 euros. In addition to the Auction Price, Purchasing commissions and other Expenses, the Purchaser agrees to pay the "Resale Right", which would be paid by the seller according to article 152, paragraph I, of Law No. 633 dated April 22, 1941.
During the auction in live management panel by clicking on the "Charges & Fees" button you may see these costs in real time.
You should finalize the payment within 48 hours from the purchase. Auction Affair
If you are interested in an unsold lot, you can still make an offer using the button on the lot detail page. The offer will be evaluated by the seller and, if accepted, the buyer undertakes to purchase the item for a period of 8 days from the acceptance of the offer.