GRISEBACH holds semi-annual auctions (spring / fall) in the areas of fine art of the 19th, 20th and 21st century, classical and contemporary photography as well as decorative arts (ORANGERIE. Selected Objects).
There are several different ways to participate in our art auctions: in person; through an authorized representative appointed by you; by submitting a written bid - as well online - or by telephone. However, we require that you first register with us.
If you would like to participate in an auction in person, you must be issued a bidder number. You may obtain this number within one hour prior to auction. Please do not forget to bring proof of identification with you (an identity card or passport). If you are bidding with our house for the first time, we ask that you provide us with a recent bank reference. [Registration for First Time Bidders] All bids do not include buyer´s premium, lump sum fees and statutory turnover tax.
You may participate in the auction by placing a written bid. This bid can be executed by mail, by fax or via the internet (see following paragraph). We hope for your understanding that bids received by e-mail cannot be accepted. If you would like to participate in the auction by placing a written bid, please fill out the bid sheet and return it to GRISEBACH at least 24 hours prior to auction. All bids do not include buyer´s premium, lup sum fees and statutory turnover tax. On your behalf, GRISEBACH will then execute your bid until your maximum price is reached. If you are bidding with us for the first time we ask that you provide us early with a recent bank reference. [Registration for First Time Bidders]
Written bids online
The placing of bids online is available for all registered holders of the Grisebach Card. Holders of the Grisebach Card may select "BIDS / NOTES" and place written bids (see previous paragraph). Your bid should be placed at the latest 24 hours prior to auction. There is a possibility that bids received after that period cannot be accepted. The receipt of your bid will be confirmed by e-mail.
You may submit telephone bids for the auctions „Selected Works”, „19th Century Art”, „Classical Modern Art“, „Post-War and Contemporary Art“, „ORANGERIE“ and „Photography”, as well as for all special auctions. Please submit a written registration no later than 24 hours prior to auction and include the telephone number to be used for bidding. [Bid sheet] We will call you and submit bids according to your instruction on your behalf. GRISEBACH cannot be held liable for faulty connections or transmission failures. If you are bidding with our house for the first time we ask that you provide us with a recent bank reference. [Registration for First Time Bidders] All bids do not include buyer´s premium, lump sum fees and statutory turnover tax. Telephone bidding is not possible for the catalogue „Third Floor”.
Post Auction Sale
During a period of two months after the auction, those works of art that went unsold can be purchased by way of Post Auction Sale. The Post Auction Sale is a part of the auction in the sense that you may place a bid in person, by telephone, by written bid or via internet. During Post Auction Sale you may place your bid online even though you are not a registered holder of the Grisebach Card. All bids do not include buyer´s premium, lump sum fees and statutory turnover tax.
Conditions of Auction
The bidder is requested to read our conditions of auction published in the catalogue or on GRISEBACH´s Website. With your bid you have recognized and accepted these conditions; they are part of the purchase contract.
The catalogue contains a scholarly description and reproduction of each individual work of art. The works to be auctioned may also be found on our website.
The art works may be viewed in person in the Villa Grisebach prior to auction. A selection of works may also be previewed in selected German cities and in Zurich. We in Berlin and our representatives are readily available to assist you with any information you may require. We will provide you with a condition report upon request.
The estimate is our estimated price of the art work and is published in the catalogue.
All art works have a reserve. The reserve is the most favorable price to which the consignor has agreed to sell the work. The reserve is confidential and is known prior to auction only by the consignor and Villa Grisebach. The reserve does not exceed the low estimated quoted in the catalogue.
The hammer price is the highest price bid on a work knocked down by the auctioneer. Buyer´s premium, artist´s resale right, if applicable, and the statutory value added tax are added to this sum.
A buyer´s premium is added on the hammer price. The premium on sales on regularly taxed works (i.e. standard taxation, marked with an „R“) is 25%. If the hammer price is higher than EUR 500,000, then a
buyer’s premium of 20 % will be added to that part of the hammer price that is in excess of EUR 500,000. A buyer’s premium of 15 % will be added to that part of the hammer price that is in excess of
EUR 1,000,000. The hammer price and the buyer’s premium will be subject to statutory turnover tax in the respectively applicable amount.
The premium amounts to 30% on all works subject to margin-taxation (i.e. differential taxation).
A buyer’s premium of 25 % will be added to that part of the hammer price that is in excess of EUR 500,000. A buyer’s premium of 20 % will be added to that part of the hammer price that is in excess of EUR 1,000,000. This buyer’s premium will include all lump sum fees as well as the statutory turnover tax (margin scheme pursuant to Section 25a of the German Turnover Tax Act). These taxes and fees will not be itemized separately in the invoice.
For original works of art, the tax rate currently amounts to 7%; for collectibles as defined by Item 54 of Annex 2 to Section 12 (2) no. 1 of the Umsatzsteuergesetz (UStG, German Turnover Tax Act), it likewise currently amounts to 7%; while it is 19 % for photographs, prints and screenprints.
A bid is accepted provisionally if the reserve agreed upon with the seller has not been met. The bidder is bound to his bid. GRISEBACH will contact the seller within three weeks and inquire whether your bid will be accepted.
Buyers are invoiced immediately following the auctions. The sum noted on the invoice is due payable immediately and without deductions.
Shipping / Transport
The invoice is accompanied by shipping instructions. We ask that you fill these out, indicating your preference of transportation, and return them to us. The acquired work will be ready for pick-up, respectively shipped to you according to your instructions, upon payment in full. Transportation and insurance costs are at the buyer´s expense.