Masterpieces

Extract from the Rules of Procedure, as of October 2023

The auctions are conducted in accordance with the Rules of Procedure of the Widder Auctions of Kunsthandel Widder GmbH. The exact wording of these rules is available at the auction house and can be downloaded from www.widderauktionen.com

Estimated prices, starting price, minimum sale price, limit, hammer price

In object descriptions, an upper and lower estimated price is stated in Euro. The highest bid is expected within this range. The starting price is also stated online. As a rule, the starting price is the lower estimated price, but it can be set higher or lower. The auctioneer increases the price by steps of approx. 10%, although it is possible to deviate from this. The highest bid wins, provided that the minimum selling price has been reached. If the seller decides not to sell the object below a fixed price, this is called the minimum sale price or limit. If this is not reached, the sale is considered conditional. Highest bidders are obliged to pay the purchase price within 7 days after invoicing.

Purchase price

The purchase price consists of the highest bid plus the buyer's premium, sales tax and, if applicable, the fee of artists resale rights. The buyer's premium amounts to 28% in case of differential taxation. The sales tax is included in the differential taxation.

In the case of normal taxation (marked °), a premium of 24% is added to the highest bid. The mandatory sales tax of 13%, for photographs 20%, is added to the sum of the highest bid and the buyer's premium.

Resale Right

Items marked * are subject to the artists resale right. This will be charged in the form of a surcharge on the highest bid. It only applies to highest bids over € 2,499.99 and is staggered: for the first € 50,000 4% will be charged. Thereafter, for additional €150,000, 3% and for another €150,000, 1% and for another €150,000, 0,5% is charged. For €500,000 and above 0.25% are charged. The maximum resale right charge is 12,500 €.

Taxes

In case of differential taxation (28% premium), the sales tax is already included.

In the case of normal taxation (marked °), a premium of 24% is added to the highest bid. The mandatory sales tax of 13%, for photographs 20%, is added to the sum of the highest bid and the buyer's premium.

Authenticity guarantee

The auction house vouches for the authenticity of the object to the buyer within two years and guarantees that the object is indeed by the named artist.

Catalog information and description

Details of technique, signature, material, condition, provenance, etc. are provided by experts of the auction house. However, no guarantee is given for the correctness of this information.

The descriptions of the objects mean: first and last name of the artist with life data: an authentic work of the artist. "Signed" or "monogrammed": a clearly attributable work by the artist. "Attributed": a probably, but not necessarily authentic, work by the artist. "Circle": a work created within the artist's sphere of influence. "Inscribed": a probably authentic work, but not signed by the artist's hand. "Workshop": a work created in the artist's immediate environment. "School": a work created in temporal and stylistic proximity to the artist. "Succession": a stylistically related work created in the artist's succession.