Bid Increments:
from 1 000 HUF to 1 900 HUF 100 HUF
from 2 000 HUF to 4 800 HUF 200 HUF
from 5 000 HUF to 9 500 HUF 500 HUF
from 10 000 HUF to 19 000 HUF 1 000 HUF
from 20 000 HUF to 48 000 HUF 2 000 HUF
from 50 000 HUF to 95 000 HUF 5 000 HUF
from 100 000 HUF to 190 000 HUF 10 000 HUF
from 200 000 HUF to 480 000 HUF 20 000 HUF
from 500 000 HUF to 950 000 HUF 50 000 HUF
from 1 000 000 HUF to 1 900 000 HUF 100 000 HUF
from 2 000 000 HUF to 4 800 000 HUF 200 000 HUF
above 5 000 000 HUF 500 000 HUF
1. Hereditas Antiquarium, as an Auction House organises, handles and conducts the auction on behalf of the vendors and acts as a commercial agent.
2. The lots called up are presented in succession as in the catalogue. The auctioneer announces the catalogue number and the lot’s starting price, and buyers indicate their wish to bid by raising their cards. The buyer offering the highest bid shall win the lot at the hammer price, except for protected lots when the Ministry of Construction and Transport’s Inspectorate of Cultural Goods or one of the national public collections has priority to purchase the lot at the hammer price.
3. The purchase price includes the hammer price and the 15% auction fee. The buyer shall pay the purchase price’s 20% – as a deposit – in cash or by card immediately after the auction.
4. The Auction House allows a 14-day grace period to pay the balance between the deposit and the full purchase price. The deposit amount will be included in the purchase price if the said timeline has been observed. If not picked up by the grace period’s end, a storage fee will be charged, which is 20% of the hammer price. The buyer can only take possession of the item if the total purchase price has been paid. The Auction House reserves the right to consider the buyer’s bid null and void and keep the deposit if the buyer fails to take over the item within one month.
5. The bid item may not be reauctioned unless the buyer’s identity is impossible to establish.
6. No seller nor any third party on the seller’s behalf may bid in order to reach an unreasonably high price and thus inflict loss on any other party.
7. All the lots are exhibited for inspection prior to the auction. The descriptions and illustrations in the catalogue are only for identification. Each bidder is responsible for inspecting the condition of the lots prior to the auction and deciding if it is in accordance with the description in the catalogue. All the lots are sold without a warranty with all the imperfections they may have at the time of the auction.
8. The items auctioned may not be sold under the starting price in the catalogue. The Auction House will not bear any liability regarding the bid or the purchase price paid and may not be compelled to reoffer the same item or market it at any time at the same price.
9. 1 No protected item may be taken abroad (their numbers shall be made public by the beginning of the auction), and the Auction House will register their owners at the Ministry of Construction and Transport’s Inspectorate of Cultural Goods, according to the Act on the Protection of Cultural Goods (LXIV/2001). Owners are expected to report any intention to sell the protected item.
10. In case of the buyer’s absence, the buyer can either place an absentee bid, choose to bid on the phone, or use the online platform of www.axioart.com. Based on a given absentee bid, the Auction House will bid on behalf of the buyer. You may submit bids or apply for phone bidding
– personally – in our shop at 1052 Budapest, Vitkovics Mihály utca 12.
– by phone – +36 20 343 3282
– in written form – by post to H-1052 Budapest, Vitkovics Mihály utca 12. or via email at info@hereditasantikvarium.hu
Museums and libraries may submit their bids officially without advance payment. From all other buyers – above 100,000 HUF – the Auction House may require such a fee (20% of the offer). In case of an unsuccessful bid, the advance payment will be returned to the buyer in full after the auction. In case of a successful bid, the amount will be regarded as a deposit.
11. Unsold items may be reauctioned after the auction upon request.
12. The Civil Code (V/2013) shall govern any matter unregulated in the present Conditions of Sale. Should any dispute arise, the parties accept the competence of the district court, determined by the location of the Auction House.
Hereditas Antiquarium