Buying Art is the most beautiful way to acquire property
Bidding at one of our auctions and taking home a work of art is always a very special event. It involves so much more than purchasing an FINE ART, a sculpture, a piece of jewellery or a work by a modern or contemporary artist. In addition to the value of your investment and the passion you feel for “your” artwork, you engage in a unique relationship to the work and its artist.
Read on to find out how bidding at auction is simple and easy at NEUMEISTER:
Our high-quality, meticulously researched auction catalogue is published and released online around three weeks prior to the sale. Every item in the catalogue has its own catalogue number and is shown with a photograph, brief description and an auction estimate.
You can take part in the auction live on the Internet and follow events in the auction room in live video coverage streamed to your computer. To do this, simply click on the link below, register online or log in (in case you already are registered with us) then place your bid:
You may also place your bids by visiting our online catalogue
Important: As your registration details will also apply in future auctions, please keep them safe and never (!) pass them to third parties.
Auctioning starts out when the item is called up. The first call may be made at half the estimated price unless higher bids have already been placed in written form or by telephone. The auction proceeds at the auctioneer’s discretion, usually in 10-per-cent-steps.
Congratulations! The gavel falls when no higher bids have been submitted after three calls for a bid. However, the auctioneer is entitled to knock down subject to reservation, especially if the reserve – the minimum price set by the consignor – has not been reached. In this case, as the bidder you are bound by your bid until three weeks after the auction. If the consignor does not agree, however, the knockdown will lapse.*
Unsold items will be offered in the post-auction sale. You can place your bids here up to three weeks after the auction. The minimum selling price is set according to the minimum (reserve) price determined by the consignor.*
At NEUMEISTER payments may be made in cash (EUR/€), by direct-debit card (EC bank card) or by bank transfer. We do not accept credit cards. Please be sure to check your invoices during or immediately after the auction. In the event of delayed payment, we regret that default interest will be charged.*
If you have paid for your purchases directly, please collect them immediately after the auction. We will gladly assist you in finding a suitable carrier or art freight agent. Please note that shipping is at your own expense and risk.*
If you have any further queries or requests, please get in touch – also if you would like information on consignments. Our experts look forward to your call at +49 (0)89 23 17 10 - 0.
In retail, there is always a fixed price that is set and paid, which includes the net invoiced value of the goods, the dealer's margin, and the statutory VAT.
In the auction, these three items are listed separately on the invoice. In addition to the hammer price, there is also the premium and statutory VAT (please read our auction conditions).
Quality always has its price. Unfortunately, we cannot live from the love of art alone.
Conditional acceptance of bids: the minimum bid (= limit) requested by the consignor has not been reached
- Bids subject to reservation are binding three weeks after the auction
- The consignor is asked for approval
- After three weeks without approval or after the rejection of the bid by the consignor, the hammer price is no longer valid
- You can also simply increase your bid and secure the hammer price. The piece will then belong to you (if you are the only bidder)
- That is because artworks that have been awarded with reservation are not considered to have been sold – meaning they can subsequently be bid on by other bidders, whereby the prerequisite for that is a higher bid...
- ...oh, oh, the auction goes on...
When does it end?
When someone stops raising their bid and the limit has been reached.
I made a bid and got the hammer price. Now I have changed my mind and no longer want it. Can I just return it?
There is no conventional right of return as in retail.
Returns are only accepted under special circumstances, which require a case-by-case assessment.
The following generally applies at auctions: sold as seen.
Our experts will be happy to advise you before your purchase. The pieces can be examined from all sides in advance at the exhibitions.
* The details given here are intended as examples only. NEUMEISTER’s conditions of sale represent the sole legally binding terms. Feel free to contact us for further information – we are always happy to assist.