PAYMENT
Purchasers have to carry out payment for the Lot/s by 10 working days from the date of the Auction by means of:
– Cash payment less than 3.000 euro.
– Italian bank draft payable to Art Auctions srl, subject to the real collection of the total amount and prior check with the bank of issue.
– Credit transfer to Art Auctions S.r.l.:
UNICREDIT BANCA, Via Dante, 1, 16121, Genoa
SWIFT UNCRITMM – IBAN IT 02 H 02008 01400 000110001195
If paying by bank transfer, the amount received after the deduction of any bank fee and/or conversion of the currency of payment to euro must not be less than the euro amount payable, as set out on the invoice
– Debit/credit card except American Express. Please note there is a 3% surcharge on the total invoice value.
WANNENES ART AUCTIONS may, upon agreement with the Seller, offer those Purchasers it deems reliable the possibility to pay for Lots in installments. Potential purchasers who wish to undertake payment by instalments should contact the Management of WANNENES ART AUCTIONS before the Sale.
COLLECTION OF LOTS
Purchasers must collect the Lot/s by 15 working days from the date of the Auction.
At the end of this span of time, WANNENES ART AUCTIONS will not be responsible either for the custody of the Lot/s or for any damage that may occur to the Lot/s upon their removal to an appropriate warehouse. WANNENES ART AUCTIONS will charge the Purchaser with the costs of insurance and storage as laid down in the Chart available to Customers in the headquarters of the Company. When collecting the Lot/s, the Purchaser must provide WANNENES ART AUCTIONS with a valid document of identity. Should the Purchaser request a Third Party to collect the Lot/s already paid for, the latter should possess a piece of written permission signed by the Purchaser and a photocopy of the Purchaser’s document of identity. The Lot/s are given to the Purchaser or the Third Party only upon payment having taken place. If purchased Lot/s are collected after the above-mentioned time limit the Auction House may debit the costs of storage (by month or part of a month) as follows:
100 euro + VAT for Furniture
50 euro + VAT for Paintings
25 euro + VAT for Objects
THE SHIPPING OF LOTS
The Staff at WANNENES ART AUCTIONS will be glad to ship Lots purchased according to written instructions given by the Purchaser, following payment of the Lot/s concerned. Shipping will be at the risk and expense of the Purchaser who, by means of a written communication, will have to subtract WANNENES ART AUCTIONS from any responsibility concerning such an operation.
Furthermore, our Staff is available for evaluations and advice in relation to the shipping methods employed and insurance of the Lot/s.
EXPORT OF THE LOTS PURCHASED
The Law Decree no. 42 of January 22nd 2004 regulates the export of cultural heritage and goods outside the Republic of Italy. The EU Regulation no. 3911/92 of December 9th 1992, as modified by EU Regulation no. 2469/96 of December 16th 1996 and by EU Regulation no. 974/01 of May 14th 2001, regulates the export of cultural heritage and goods outside the European Union.
In order to export outside Italy cultural heritage and goods that are over 50 years old need an Export Licence that the Purchaser has to procure for him/herself personally. WANNENES ART AUCTIONS is not involved in the procurement of such permits and cannot therefore guarantee the relative issue of such permits.
WANNENES ART AUCTIONS, upon the request of the Purchaser, may undertake the operations necessary for the granting of the Export Licence according to the following tariffs:
– euro 250,00 + VAT for each single lot or the first lot of a series of lots
– euro 100,00 + VAT for the stub sequent lots in a series of lots
including form-filling, taxation stamps and photographic (colour) documentation.
Should the above-mentioned authorisation not be granted the Purchase of the Lot/s is not nullified, neither is the payment of the Lot/s, unless prior agreement with WANNENES ART AUCTIONS was made before the Auction. With reference to the regulations contained in art. 8, 1st paragraph, letter B DPR 633/72. Purchasers have to respect the following procedures should they wish to take the Lot/s outside the European Union and claim the VAT refund: The completion of CUSTOMS forms/papers and transport outside the European Union within three months from the invoice date.
The sending – within the same term – of the ORIGINAL CUSTOMS TAXATION STAMP OR EQUIVALENT DOCUMENT directly to WANNENES ART AUCTIONS
THE ARTIST’S RESALE RIGHT
The Artist’s Resale Right has been in force in Italy since April 9th 2006 with the Law Decree no. 118 (13/02/2006). This represents the right of the Author/Artist (living or deceased within the previous seventy years) of figurative art works and
manuscripts to perceive a percentage of the sale price of his/her original works upon those sales taking place following the initial sale of the work/s in question.
Resale Royalties will be charged to the seller where the hammer prise is 3.000,00 euro or more and will not be superior to 12,500 euro per lot. The amount to be paid may thus be calculated:
4% for the sale price up to 50,000 euro.
3% for the sale price between 50,000,01 and 200,00 euro.
1% for the sale price between 200,000,01 and 350,000 euro.
0.5% for the sale price between 350,000,01 and 500,000,01 euro.
0.25% for the sale price above 500,000 euro.
The Artist’s Resale Right charged to the seller will be paid by WANNENES ART AUCTIONS to the SIAE (The Italian Society for Authors and Editors) as laid down by the Law.
NOTICE
Every lot with any electric equipment is sold as “not working” and it should be totally re-conditioned. Wannenes Art Auctions is not responsible for any incorrect, wrong use of sold lots or for any non-compliance with instructions.
The words “….year…..” or the date cited in the lots description indicates the period from when the said lot was first produced, unless otherwise specified.
The descriptive image in the catalogue might not faithfully represent the lots at auction.
The Auction House always recommends directly viewing the lots before making any bids. In case it is not possible to directly view the lots in person, a bidder may request a condition report in order to receive additional and detailed images of the lot/s.
