GUIDE FOR PROSPECTIVE BUYERS
Buyer's Premium
A premium of 17% will be added to the hammer price of all Property sold. This premium is payable by all purchasers.
Goods and Service Tax TAX
GST of 5% will be charged on the Hammer Price and on the Buyer's Premium. For those clients who are receiving their items in Nova Scotia, there will be a 15% HST added. For those clients receiving their items in New Brunswick, Newfoundland and Ontario, there will be a 13% HST added. For those clients who are receiving their items in British Columbia, there will be a 12% HST added. And finally, for those clients who's items are shipped outside of Canada there will be no Goods and Service Tax charged. The Buyer is responsible for other duties or obtaining the necessary licenses for the export of the lot.
RESERVES
A reserve is the confidential minimum price agreed between the seller and the auction house, below which the art work will not ordinarily be sold. We do not accept reserve prices that would exceed the printed estimate. As agents for the consignor, we may bid once per lot, if and only if, the current bid on the lot being offered is below the reserve.
ESTIMATES
As a service to our clients, we provide presale estimates. This price range represents our expectation of the approximate sale price of any given lot. Although these figures are based upon previous auctions results by the artist or something similar, they are opinions only. Presale estimates are not appraised values. In addition, estimates are worked on well in advance of the publication of the catalogue. Please contact the office for more information on any particular lot. In no case does the reserve exceed the printed estimate.
REGISTRATION
You may preregister for the Live auction during any of the preview times. To avoid line-ups on auction day, arrive early to register. You will receive a card to fill out with a number on it, your 3 digit bidder number. Please ensure that you have established credit references before the auction. The Online auction has a different 4 digit paddle number. For those who have registerd for the Online, you will have to register again for the Live auction. For those who have registered for the Live auction, you will need to register for the Online auction [which is permanent].
BIDDING
If you are successful on a particular lot, you will be requested to show your bidder number. The auctioneer will call out that number and if there is a discrepancy, please alert the auctioneer
ABSENTEE BIDS
If you are unable to attend the auction, you may print out the Absentee Bid form on this site or use the form included at the back of all auction catalogues or the form on our web site. We will act on your behalf to try and purchase the lot[s] of your choice for the lowest possible price up to the top amount you indicate. Absentee Bids are accepted by fax, telephone, e-mail or in person.
PAYMENT
Payment may be made by cash, Direct Debit, certified cheque, MasterCard, Visa, bank wire or draft. Payment must be made in full the day of the auction.
REMOVAL OF PROPERTY
Once payment has been made in full, you may pick up your art work. Art work left with the auction company is left at the purchaser's risk and peril. Items not picked up on the day of the auction will be brought back to the office which will re-open at noon on the Tuesday following the auction.
Appraisal Consumer Tipsheet - Auctions: Buying and Selling
Alberta Auction Association, Code of Ethics August 2011
LEVIS Fine Art Auctions & Appraisals & Art Storage
A Division of Artbank Incorporated
1739 10 Avenue SW
Calgary, Alberta, Canada T3C 0K1
Tel: 403-541-9099
Fax: 403-541-9097
E-mail: mail@levisauctions.com
WEB: www.levisauctions.com
Online: www.levisonlineauctions.com |