Capitolium Art issues free valuations of individual works of art or entire collections, in anticipation of their inclusion in the auction. A provisional valuation is provided on the basis of photographs that can be sent through our online form, via e-mail or via WhatsApp. All photographs must be accompanied by an indication of the size of the work, the author (or presumed author), the technique and possibly the date of execution and details of any existing documentation (authentications, proof of origin, publications, etc.). Each request is assigned to one of our experts, who will contact the customer and take care of all their needs right up to the sale of the work at auction. If necessary, the works can be viewed at home or at one of our houses in Brescia, Turin and Rome.
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.
During the valuation, a minimum and a maximum estimate are given for each work. The two values correspond to the price range within which the lot should be sold at auction. These valuations are made by our experts on the basis of certain data from our sales, taking as terms of comparison the most recent and relevant past cases.
The reserve price is the limit below which the lot cannot be sold. It may be the same as or lower than the minimum estimate given in the valuation. If the reserve price is not reached during the auction, the lot will remain unsold
This is the amount from which, during the completion of the catalogue, the department manager, at his discretion, decides to start the auction. It can be equal to or lower than the reserve price depending on the sales strategy and cannot be higher than the minimum estimate.
This is calculated on the hammer price for each single lot: 20% below EUR 500 and 15% above this threshold.
For consignments of a minimum of EUR 3,000.00, an advance service is available to the consignor of up to 50% of the sum of the reserve prices for each single mandate of sale. This amount will be discounted at the time of payment for the works sold. This service is optional; it can be provided at the request of the consignor and granted at the discretion of the auction house, subject to acceptance of the terms and conditions and the agreed reserve prices.
In case of unsold lots, the guarantor (the auction house itself or a third party it represents) undertakes to purchase the lot for the the reserve price which will then be paid to the consignor after deducting the expenses foreseen by the mandate of sale. In the event of a sale, on the other hand, the auction house undertakes to pay the consignor the reserve price minus the expenses foreseen by the mandate of sale + 50% of the upside (difference between the reserve price and the hammer price). The remaining 50% will be paid to the guarantor. This service is optional; it can be provided at the request of the consignor and granted at the discretion of the auction house, subject to acceptance of the terms and conditions and the agreed reserve prices.
All the works delivered to the auction house are covered by ‘nail-to-nail’ insurance, therefore from the time of delivery until sale or return.
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