Conditions

The terms used in the auction regulations shall be interpreted as follows:

Buyer – a person that bids the highest price for the lot at the auction.

Gallery Birkenfelds – a legal person that organizes auctions and gets remuneration for organizing sales.

Lot – any item that is offered for auction by the Auction house and is given a Lot number in any document or catalogue.

Hammer price – the sum of the highest bid for a Lot that is confirmed by the auctioneers.

Commission – the sum that constitutes percentage from the Hammer price and is to be paid for the services of the Gallery Birkenfelds.

Starting price – a price of the Lot at the start of the auction. The Starting price is indicated in the description of the Lot in the catalogue and is calculated in EUR.

Reserved Price - A reserve price is a hidden minimum price—essentially, the lowest price that the seller is willing to accept for the item. Since it is confidential it is not published in the catalogue. If the Lot auction ends without any bids that meet the reserve price, the seller is not required to sell the item. Reserved price or Reserve are mentioned with capital letter R next to the Starting Price.

Estimate - are given for all lots and can be based on prices recently paid at auction for comparable property.

Absentee bid – if the Buyer does not take part in the auction personally and is not willing or cannot manage it with the mediation of the authorized person, the Buyer can participate in the Auction in written by the so called Absentee bid. In the case of the Absentee bid, the Buyer determines the highest price he/she takes on the responsibility to pay for the corresponding Lot in written form upon registration for the auction. During the Absentee bid the representatives of the Auction house keep in contact with the Buyer by phone.

Follower of. The gallery believes that the work was done in the manner of the named artist, during their lifetime or later.

 

Absentee bid by telephone and in written

If you wish to bid by phone and in written please fill the Buyers registration form and send it to Gallery Birkenfelds not later than 2 hours before Auction.

Bidding Increment

Bid Amount         Increments

5- 50                           2

51 -100                        5

101- 200                     10

50-200                        10

201- 500                      20

501 - 1000                   50

1001 - 2 000                100

2001 - 5 000                200

5001 - 10 000               250

10001 - 50 000             500

50001 …                     1000

 

Buyers who take part in the auction on the Internet should take into account the fact that the auction takes place after Latvian time (Greenwich time plus two hours).

 

Premium

  1. Should the Lot be bid - Commission in the amount of 20% (incl. VAT) of the Hammer price is payable for each Lot. 
  2. Only In Interner Auctions Buyer's Commission is 18%.
  3. Buyers who use Buy Now option did not pay any commission.
  4. If Hammer price is above 30 001 EUR the Commission is 20 % (incl. VAT) of the Hammer price from 30 000 EUR and then 12 %( incl. VAT) from the rest amount.
  5. The minimum Commission for the Lot shall not be lower than 10 EUR.