Flanders Auctions Terms & conditions
Antiques Belgium BV, in the capacity of Flanders Auctions, referred to as "the auction house" informs all participating in the auction that the auction will be held under the general terms & conditions stated below. Everyone who participates in the auction fully accepts the terms & conditions set:
The public auction takes place at Flanders Auctions, 8750 Wingene, Beernemsteenweg 99, according to oral, written, telephone, or online bid, according to the usual Belgian law. The highest bidder is assigned as the buyer.
Every buyer is required to provide valid identification (any form of ID or passport) at the time of the auction or during the viewing days. Every new buyer must fully identify himself at least 48 hours before the auction. Traders must identify themselves by means of their VAT number upon receipt of the bid number.
Every buyer is due to settle the payment for their order within 10 days after the auction. Payment is always due before or during the pick-up of the goods.
Pursuant to (art 10.3) the Anti-Money Laundering law, amounts from € 3,000 may only be paid either with a bank check guaranteed by the financial institution (Belgian banks), with a debit or credit card, or by bank transfer.
The in-house buyers premium is 25% on the hammer price or more (see article 7 in case of online-live).
The goods are sold in the condition in which they are at the time of adjudication. The buyer is expected to have fully examined and verified the general condition of the goods and to have made his offer in full knowledge of the facts. All information provided by the auction house in writing or orally is informative and non-binding.
Due to error, inaccuracy, or omission in the description of the goods and works of art, as well as due to disturbance, nuisance, the condition of, repair and restoration of the goods and works of art, The buyer has no recourse against Flanders Auctions, the acting bailiff or the auctioneer due to error, inaccuracy or omission in the description of the goods and works of art, as well as due to disturbance, nuisance, the condition of, repair and restoration of the goods and works of art.,.
In case of damage to the exhibited goods by a customer, he will be held liable. This client, in turn, should speak to their insurance broker or attorney of law and notify them of the accident. The minimum estimated price placed by the auction house less the applicable commission applies as the reference for compensation to "the seller" of the item concerned, subtracted with the applicable commission.
Belgian and foreign buyers who are not present, or are not represented at the auction, can bid:
1. With an absentee bid form, either handed over during the viewing days or sent by email at firstname.lastname@example.org. Absentee bids are declared admissible at least 48 hours before the auction starts.
In case of identical bids for a lot, the first absentee bid form received will be given preference over the forms received later. In case of an identical bid to a room bid, the room bidder will always be given priority preference over the absentee bid.
2. Over the phone. Reserving a phone line is possible by handing over a document 'telephone bid’ during the viewing days. A telephone bidder agrees with the low estimate for an item, and his phone bid will start with this amount. The auction house cannot be held responsible for any bad telephone connections or inaccessibility of the buyer. In the event that there are identical bids for a lot, the room bid always takes priority over the telephone bid.
3. Online live. In this case, the auction house will charge the commission of its online partners "Lot-tissimo" (3%), Invaluable (5%), Live Auctioneers (5%), and Drouot Live (1.5%). He then pays 30%; 28% or 26.5% commission on the hammer price instead of 25%.
The auction house cannot be held responsible for any bad internet connections and any consequences that may arise. In case there are identical bids for a lot, the first received bid will be given priority preference over the later received bids. An identical bid from the room will always take priority over an online bid.
In the event of a dispute during the auction, of whatever nature, only the acting bailiff is authorized to handle the disputes and make a decision, and this without possible recourse from the possible buyers.
The instrumental bailiff is obliged to pay the author of the artwork of graphic or visual art an Artist Resale Royalty. This royalty is calculated on the hammer price, provided it is at least 2,000 euros. The amount of the resale right is calculated in installments:
4% of the part of the sale price up to and including 50,000 euros;
3% of the portion of the sale price from EUR 50,000.01 up to and including EUR 200,000 euros;
1% of the portion of the sale price from EUR 200,000.01 up to and including EUR350,000; euros;
0.5% of the portion of the sale price from EUR 350,000.01 euros up to and including EUR 500,000; euros;
0.25% of the portion of the sale price above EUR 500,000.
The amount of resale right is limited to a maximum amount of 12,500 euros.
Once the adjudication has been made, the lots are the responsibility of the buyer. During the auction, No goods will be collected during the auction.
Each buyer is considered to act on his own account. He will not be able to rely on a client if he fails to pay for the good adjudged to him.
In case of non-payment of the goods, items will be resold at a later auction. According to Belgian law, the buyer at default will be held responsible for the negative difference, plus all expenses related. If the goods achieve a higher amount than the original hammer price, the defaulted buyer will not have rights to the positive difference and is still responsible for the costs of the first sale.
Transport and delivery: The auction house is not responsible for the transport, transport, shipping, or delivery of the purchased goods. Please check in advance with the auction house for any delivery information. The auction house can inform you about possible transporters in the region.
In case of disputes, only the court of First Instance West Flanders, Bruges division has jurisdiction.
The auction house: Antiques Belgium BV, in the capacity of "Flanders Auctions"
The supplier: The person who delivers goods for the purpose of selling them in a public auction.
The buyer: the person to whom the lot was adjudicated.