Before you sell, we recommend that you contact our valuation department for advice; you will find more details about this under the section “Assess my object”.
The object subsequently arrives at our facilities, either delivered personally by you or picked up by us. Next, we write a descriptive catalogue text and draft a condition report. The object is photographed by our skilled photographers before it is finally published at an auction. Most of our auctions are held on our online platform. The items to be auctioned are presented there for seven days and the hammer falls on the eighth. You can read more about the process of auctioning objects on “Collection” and “The Evening Sale” below.
In the days following the fall of the hammer, you receive a preliminary sales report. For each auction item, a 15% seller’s commission, including VAT, is deducted from the hammer price (selling price), as well as a fixed hammer fee of SEK 150, including VAT. No fees are charged if the object needs to be put on auction again. The selling price is paid 25 banking days after the auction is completed, and a definitive sales report is dispatched.
If no bids are received for an object or if the bidding does not reach the predetermined reserve price, the object is put on auction again. Objects that fail to be sold at an auction must be picked up or put on auction again no more than five days after an auction has been completed. If this type of object is not picked up by the time prescribed, we reserve the right to put the object on auction again at a reduced bidding or reserve price or donate the objects to an auction where the proceeds go to charitable purposes.
After an initial contact, our valuation expert in the area concerned inspects the object. The expert starts by compiling all the known facts about an object and placing it in a context of art history. Occasionally, we look at the actual market situation to determine whether there are any prospective buyers. When we are finished, we present the results of our analysis and our opinion of the object’s quality. We provide information about what we consider to be a likely market price and propose a suitable bidding price based on previous auction results for similar works of art in Sweden and abroad. Naturally, we take account of your expectations and compare them to the current demand situation.
In some instances, the marketing department presents a carefully prepared plan for how best to inform the market in Sweden and abroad that an object is for sale. Media advertising in Sweden and abroad is a key element of this, as is our contact network of branches and representatives in Sweden and Europe. The internet is essential in this context. Once we have agreed the terms and conditions of sale, we commence our feverish activities to market your object. We present it with photos and texts in the auction catalogue on our website.
Our employees in Sweden and abroad receive the material as soon as possible which enables them to inform prospective customers. A selection of the most interesting objects is collected in a catalogue which is printed and distributed to prospective customers. Before the auction itself, we hold general viewings with thousands of visitors. Viewings are held for one week in our lovely showrooms situated in the centre of Stockholm. Journalists and particularly wealthy customers are invited to a preview. Our experts respond to queries from all over the world.
On the day of the auction, the excitement is intense in the expectant auction room. Many customers are connected by telephone or online. The bidding begins and the hammer falls. The money is transferred to your account no less than 25 working days after the auction. The task is completed.
Terms of Sale & Commissions
Unless otherwise agreed, each auctioned item is charged a 15% seller’s commission, including VAT, of the hammer price. In addition a photo fee from SEK 300, including VAT, is charged. For large consignments, the commission is negotiable. For insurance purposes, 1.25% of the reserve price is charged. The selling price is paid 25 banking days after the auction is completed.
Objects that fail to be sold at an auction must be picked up or put on auction again no more than five days after an auction has been completed. If this type of object is not picked up by the time prescribed, we reserve the right to put the object on auction again at a reduced bidding or reserve price or donate the objects to an auction where the proceeds go to charitable purposes.