Organizer:
- Ostantix Auctions BV
- Address: Torhoutsesteenweg 553, 8400 Ostend, Belgium
- VAT Number: BE 0795.478.687
Contact Information:
- Email Info: info@ostantix-auctions.com
Auction Process:
- The auction follows standard Belgian conditions for bidding auctions.
Payment:
- Payment must be made within five working days after the last auction day.
- According to anti-money laundering laws, amounts exceeding €3,000 must be paid by check, credit card, or bank transfer to our account.
Bidding Increments:
- Bidding increments follow the following steps:
- 0-200 Euro: + 10 Euro
- 200-500 Euro: + 20 Euro
- 500-1000 Euro: + 50 Euro
- 1000-2000 Euro: + 100 Euro
- 2000-5000 Euro: + 200 Euro
- 5000-10000 Euro: + 500 Euro
- 10000-20000 Euro: + 1000 Euro
- + 50000 Euro: + 5000 Euro
- Deviations are only possible with approval from the auctioneer and are not disputable.
Auction Fees:
- The auction fees are 25% of the hammer price, plus an additional fee of 0 to 5% for online bids on auction platforms.
Condition of Goods:
- Goods are sold in their current condition at the time of allocation.
Goods Information:
- Provided information is informative and not binding.
- Buyers are encouraged to personally inspect the goods or request more details if anything is unclear.
- Complaints about condition, catalog description, dating, etc., are not accepted after allocation.
Color Deviations and Lens Distortion:
- Please consider possible visual deviations in photos.
- Color perception is subjective and can vary.
- Lens distortion may occur, returns based on this are not accepted.
Damaged Goods during Viewing/Auction Days:
– Damage by third parties to be auctioned goods must be reported.
- Damage may lead to legal action and compensation.Collection of Goods:
– Buyers are responsible for their goods after allocation.
- Collection times will be announced after the auction.Identification:
– Buyers must correctly identify themselves.
- Bidding numbers are available shortly before the auction.
- Personal information is handled discreetly and not shared.Own Responsibility:
– Buyers are expected to purchase at their own risk.
- Placing a bid is binding.Disputes:
– Disputes will be settled by a bailiff/notary without recourse.
Resale Right:
– Original art is subject to resale right if the author is either a living artist (from the EU) or within 70 years after their death, a resale right is due on the hammer price from €2,000 onwards:
o 4% of the part of the sale price from €2,000 up to €50,000
o 3% of the part of the sale price from €50,000.01 up to €200,000
o 1% of the part of the sale price from €200,000.01 up to €350,000
o 0.5% of the part of the sale price from €350,000.01 up to €500,000
o 0.25% of the part of the sale price above €500,000
However, the maximum amount of the right may not exceed €12,500.
Even if this amount is not collected when the invoice is issued, the customer can still be obliged to pay this amount for 5 years following to comply with the resale right. All information about resale right in Belgium can be found at www.resaleright.be.
Storage Costs and Payment Methods:
- Cash (for amounts up to €3,000)
- By bank transfer (transfer costs are borne by the buyer) to account:
IBAN: BE98 7370 6709 9993
BIC: KREDBEBB
Beneficiary: Ostantix Auctions BV
Beneficiary address: Torhoutsesteenweg 553, 8400 Ostend, Belgium
Bank: KBC Bank
Bank address: Marktstraat 18, 8620 Nieuwpoort, Belgium
- By card payment in the room, in the presence of the cardholder.
- By online card payment.
- Goods must be collected within 14 days after the auction.
- Storage costs apply after this period.
Default Interest and Costs:
Administrative costs and default interest are applied to unpaid invoices: On invoices not paid in full within 30 calendar days from the auction date, the following default interest and costs are calculated:
On day 31: Administrative cost of 25 Euro per lot plus 1.5% of the total invoice amount.
For every 14 calendar days thereafter, an additional default interest is calculated at 1.5% of the total invoice amount.
Bidding Options:
– Bidding can be done by phone, online, or in writing.
- Foreign bidders must identify themselves 24 hours before the auction.Trader Identification:
– Traders must identify themselves as such upon receiving the buyer’s number.
Reoffer:
– In case of reoffer, the item will be presented again.
- The reofferer is liable for any losses.Customs Regulations:
– Buyers must respect customs regulations for their country. Our auction house cannot be held responsible for any export problems.
CITES Regulation:
– Buyers and sellers must be aware of CITES regulations.
Agreement to Terms:
– By participating in the auction, you agree to these terms.
Right to Refuse:
– The auction house reserves the right to refuse bidders or require a deposit.
Acknowledgment of Terms:
– All buyers and sellers are assumed to have acknowledged these terms.
Disputes and Applicable Law:
– In case of disputes, Belgian law applies, and the Court of Bruges has jurisdiction.