When items are listed for auction, two values are important:
The estimated value is set by Auctionata’s experts. It’s the price that, in their expert opinion, they think a professional dealer would ask for the item. Naturally, our experts take quality and condition into account when they carry out valuations.
The starting price is the minimum first bid that will be accepted for a lot at auction. It’s usually less than 50% of the estimated value.
Additional fees and charges
The purchase price stated in the auction catalogue (“Starting price”) does not include the buyer`s premium inclusive VAT. This is also the case with the hammer price. Thus Auctionata charges the Buyer’s Premium additionally. The amount of the buyer`s premium is calculated as follows:
- at a hammer price up to 1.000.000,00 Euro the buyer´s premium is 23,80% (including VAT)
- at a hammer price between 1.000.000,01 Euro and 2.000.000,00 Euro the buyer´s premium is 23,80% (including VAT) for the (partial) amount of 1.000.000,00 Euro and 17,85% (including VAT) for the (partial) amount between 1.000.000,01 Euro and 2.000.000,00 Euro
- at a hammer price more than 2.000.000,01 Euro the buyer´s premium is 23,80% (including VAT) for the (partial) amount of 1.000.000,00 Euro, 17,85% (including VAT) for the (partial) amount between 1.000.000,01 Euro and 2.000.000,00 Euro and 14,28% (including VAT) for the (partial) amount beginning with 2.000.000,01 Euro.
Contribution to the Resale Royalty Right
Due to the legal obligation for the resale royalty in the art market the following applies:
As a result of its membership in the AV Kunst, Auctionata charges additionally to the hammer price the contribution to the AV Kunst of currently 2.1% of the revenues from the sale of fine arts and photographs pro rata towards the buyer. Auctionata therefore charges additionally – as far as a good has been classified as a piece of fine art or photography, which was created since the 1st January of 1900 – a contribution currently amounting to 2.1% of the hammer price (plus VAT) as a pro rata contribution to the resale royalty right. Auctionata properly remits the contribution to the resale royalty right to the AV Kunst.
Auctionata transportation insurance is charged at a flat rate of 2.98% (plus 2.5% statutory VAT) of the winning bid, inclusive of the buyer’s premium, for items purchased at auction. For items purchased in our shop, it is charged at a flat rate of 2.98% (plus 2.5% statutory VAT) of the purchase price. Transportation insurance is mandatory for items of over €50,000.
Shipping and delivery fees
The packaging and shipping fees depend on the item’s size, weight and shipping address – whereby the shipping address depends on whether it is within Germany, the EU or Europe (non-EU countries), or international. You can find more detailed information about our packaging and shipping fees in our Overview of Fees.
>Overview of fees