Conditions of sale
PRIMARILY WITH REGARD TO THE BUYER


You can find our complete conditions of sale are on this website.
They are binding. All bids shall be treated as offers made upon the conditions of sale.

Here we would like to accentuate the following :

Only payment in Euro can be accepted

Every bidder is considered to act on his own account and is personally responsible for the purchase, unless a valid document of the actual buyer is handed over to De Vuyst 4 hours prior to the start of the auction. In this event, the actual bidder is jointly and severally liable together with the buyer for all obligations resulting from this bid. Bids of the bidder also result in the actual buyer being bound by the prevailing general sales conditions.

Buyer’s premium and royalties
The sales costs (buyer’s premium) are at the expense of the buyer, as are the royalties, if any.
Buyer’s premium amount to 22% of the gavel price, VAT included, if VAT is applied onto the margin (art. 58, § 4 VAT code).
Royalties are applicable to artists from countries member of the European Union and countries outside the European Union where according to the law royalties are applicable up to and including 70 years after the year the artist died, for lots with a gavel price of € 2.000 or more.
The Royalties are calculated as follows:
- 4 % on the part of the gavel price up to € 50.000 included; - 3 % on the part of the gavel price from € 50.000,01 up to € 200.000 included; - 1 % on the part of the gavel price from € 200.000,01 up to € 350.000 included; - 0,5 % on the part of the gavel price from € 350.000,01 up to € 500.000 included; - 0,25 % on the part of the gavel price superior to € 500.000. The total amount of the royalties cannot be more than € 12.500.
(Law of December 4th 2006 and R.A. of August 2nd 2007)

◊ Lots marked with a rhomb are coming from a country outside the European Union and are therefore subject to a special VAT regulation, increasing the sales costs to 28% instead of 22% of the gavel price, including the VAT on the margin.

All lots are offered and sold “as is” in accordance with the conditions of sale printed in the catalogue
Since we are not professional restorers or conservators, we recommend you to consult with a restorer or conservator of your choice who will be able to provide a detailed, professional report. Prospective buyers should inspect each lot to ensure themselves regarding the condition. Any statement made by De Vuyst is merely an opinion.

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