Auction rules


DUTCH AUCTION REGULATIONS 

I

1. The subject of the auction are works of art and objects of artistic crafts entrusted by customers and owned by the Auction House.

2. All objects sold at the auction have photographs posted on the Internet and can be physically viewed at the headquarters of the Rempex Auction House.

3. An organizational fee of 20% is added to the auctioned price. The fee is also valid for post-auction sales.

4. For objects marked with an asterisk (*) to the final price (i.e. the auctioned amount together with the organizational fee), a droit de suite fee of 5% is added.

II

1. Persons who have registered in the Dutch auction system and accepted the auction rules are authorized to participate in the auction. The organizers do not require the participants of the auction to pay a deposit.

2. The Auction House reserves the right to remove the user or suspend it by preventing him from participating in the online auction if the user’s action was contrary to the regulations, and in particular when the user does not meet his obligations (does not buy the auctioned objects).

III

1. Successive price reduction is done as follows: the first price is a price reduced by about 20% compared to the original price. Subsequent reductions represent about 5% of the original price and take place at the earliest 7 days after the publication of the facility on the Dutch auction website, always on Thursdays around 14.00.

2. The individual properties presented at the Dutch auction may have a reserve price, below which the weekly price reductions will not continue.

3. The buyer becomes the person offering the current price. The auction is completed at the time of purchase of the object by selecting the buy now option and confirming the transaction.

IV

1. The buyer is obliged to purchase the object within 5 days after the end of the auction. It is allowed to pay a deposit of 20% of the auctioned price. The remaining amount should then be paid within 10 days after the end of the auction. In the event of failure to meet the deadlines, the deposit paid is forfeited.

2. In the event of failure to buy the object within the prescribed period of the Regulations, the Auction House has the right to resume the sale of this facility at the Dutch auction. The resumption of the sale does not result in the cancellation of the Auction House from claims against the buyer for lost benefits.

3. The ownership of the purchased object passes to the buyer at the time of making the entire deposit.

V

1. The Auction House guarantees authorship and other features included in the description of the offered objects. However, if the description turns out to be incompatible with the real state, the buyer may, within 14 days from the date of the auction, return the object to the Auction House, which in this case will refund the entire amount paid. The questioning of the catalogue description must be documented by reliable expertise.

2. The Auction House is not responsible for the hidden physical and legal defects of the purchased objects, subject to the rights of consumers in this regard.

VI

The purchaser who is a consumer has the right to withdraw from the contract referred to in Article 27 of the Act of 30 May 2014 on consumer rights (i.e. Dz. U. of 2023, item 2759, as amended) within 14 days without giving a reason and without incurring costs, except for the costs specified in Article 33, Article 34(2) and Article 35 of the above-mentioned Act.

VII

1. The organizers of the auction are not responsible for problems related to participation in the online Dutch auction caused by factors independent of the Rempex Auction House, in particular for failures of Internet or telephone links - domestic or international, or other equipment failures, which the organizers do not own and for which they are not responsible.

2. The Auction House reminds that in accordance with the applicable regulations, the export of objects older than 55 years and the values exceeding the limits specified in the Act on the protection of monuments and the care of monuments outside the country requires the consent of the relevant authorities. We would also like to remind you that in accordance with the applicable regulations, the Auction House is obliged to collect personal data of customers making transactions in the amount of more than 15 000 Euro.