This is the exclusive contract formalizing the agreements with the seller when the work is entrusted to the auction house for sale. It is signed by the consignor and the representative of the auction house and contains all the terms and conditions of the relationship from the time of delivery to the sale or return of the work.
Transport and insurance costs are borne by the seller, within the terms agreed in the mandate of sale. The cost of the insurance is advanced by Capitolium Art, which is authorized to deduct the amount subsequently from the hammer price. In the case of unsold lots, this cost must be paid by the seller before returning the works.
For works of modern art subject to ‘resale right’ (all works pursuant to Art. 145 of Italian Law No 633/1941 (Protection of copyright and other related rights) and subsequent amendments, the additional percentage of expenditure determined pursuant to Articles 144 and et seq. of Law 633/1941 and subsequent amendments and additions shall be applied. For further information, please consult the section on resale rights on the website of the Italian copyright collecting agency, SIAE.
Unsold works are available for collection by the Seller or by a person expressly delegated for this purpose from the day following the end of the mandate. If requested by the seller, the auction house can include unsold lots in a future auction on condition that the reserve prices are reduced by 50%."
Our experts are always on hand to carry out free and confidential valuations.
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We select individual works of art and entire collections ahead of upcoming auctions. Our experts are available by appointment at our houses and offices for free and no-obligation valuations.
Brescia Via Cattaneo 55 - 25121 Brescia
Turin Via Bogino 17H - 10123 Turin
Rome Via Delle Mantellate, 14b - 00165 Rome
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