Sale Terms

1. Sales are conducted by auction according to the Belgian law
2. Payments for lots purchased are expected within 5 working days after the last day of auction.
According to Belgian anti-money laundering laws, amounts from €3.000 can ony be paid by means of bank transfer or card payment.
3. Bidding increments are:

• 0-100 Euro: + 10 Euro

• 100-500 Euro: + 20 Euro

• 500-1000 Euro: + 50 Euro

• 1000-2000 Euro: + 100 Euro

• 2000-5000 Euro: + 200 Euro

• 5000-20000 Euro: + 500 Euro

• 20000-100000 Euro: + 2000 Euro

• + 100000 Euro: + 5000 Euro

Because of the use of online bidding software it is not possible to change this. If a written commission bid does not comply with these increments, it will be rounded to the nearest bid amount. This means that, for example, a bid of 1240 Euro will be rounded down to 1200 Euro and a bid of 1250 Euro will be rounded up tot 1300 Euro.

4. Sales commission is 25%. For bids received through one of our partners (for example Invaluable, Le Figaro, Lot-Tissimo, The-Saleroom, …) this is 28%.
5. Goods are sold "as is" at the moment of adjudication.
6. All statements made by the auctioneer be it in writing or be it orally are not to be relied on as statements of fact.  They are only an opinion, given to the best of our knowledge and are for guidance only.  The buyer is due to verify the condition of the goods by personal inspection.  On request every opportunity will be provided to conduct additional expertise as long as the goods are  not damaged. As a result, after the adjudication no complaint will be accepted.

7. If a viewer damages a good during the viewing days, he is obliged to inform us. A case will be opened and this person’s insurance will have to reimburse the owner. The amount to be reimbursed is the high estimate + 25%.
8. After adjudication the buyer is responsible for his/her purchases.  During the auction goods can not be collected.
9. Every buyer needs to provide identification. A bidding number can be acquired during the viewing days and before the auction. During the auction this is also possible through the front desk. However, we strongly advise acquisition of said number before the auction. Identification measures are a copy of your passport or identity document and a transcription of your personal contact details.
10. Each person is assumed to bid on his own account. Bids are binding contracts. In default of payment, liability to another person will not be accepted.
11. Any dispute occurring during the auction can only be resolved by the acting bailiff/notary. His or her decision is definite and irrevocable.
12. The international rules on copyright law (droit de suite) obliges us to require an extra premium on the hammer price of original works of art made by still living artists, or within seventy years after his or her decease. The premium is required only on hammer prices from €2.000. The amounts required are:
• 4% on the total sum up to € 50.000

• 3% on the amount from € 50000,01 up to € 200000

• 1% on the amount from € 200000,01 up to € 350000

• 0.5% on the amount from € 350.000,01 up to € 500000

• 0.25% on the amount from € 500000

The maximum amount of the right should not exceed € 12500.
 

13. Collection of purchases is only possible after the auctioneer has received full payment. Collection dates will be announced individually per auction and are also available on request. It is the buyer's duty to inquire about collection options. Goods not collected during the pre-arranged collection periods, will be subject to a storage fee of 1,5 Euro per day per lot number, even if the payment is completed in full, unless other arrangements have been made. Goods will only be released after full payment is received.
    We accept payments by means of:
    Cash (under €3.000)

    Bank transfer of the full amount, indicating the invoice number in the commentary section. Fees should be handled by the sender, on this account:

    IBAN: BE48001746875727

    BIC: GEBABEBB
    Bank: BNP Paribas Fortis

    Card payment through our terminal: Maestro payments (free of charge), Visa/Mastercard: +2,5%
 (both for debit and credit cards)
    Paypal: +4,5%. We do not currently accept American Express payments.
14. We can also arrange shipping for your purchases. The cost for this service will be specified after reception of your full payment. We can give you a non-binding pre-sale estimate on simple request. The order of packing/shipping is the same as the payment reception order. We work with several different companies for this: Belgian Post Office, TNT, DHL and Fedex. When choosing for Fedex or DHL, we will only charge for packing. Clients are responsible for arranging and paying for pick-up and shipping costs directly to the courrier service.
15. Both foreign and national buyers who can’t be present during the auction, can bid by telephone or bid live online through one of our partners. As we can not guarantee the proper functioning of available communication channels, we strongly suggest to also send in a back-up bid, to avoid problems.
    Foreign buyers will need to identify themselves in full at least two days before the auction. If necessary, a bank guarantee will be requested which will serve as a guarantee in case of non-payment.
    The auctioneer can not be held responsible in case of disfunctioning of the available communication channels and any consequences related to this, nor from unavailability on the bidders’ side.
16. Dealers are required to identify themselves as such and disclose their business details when bidding or requesting a bid number.
17. In case of non-payment the lots will be put up for sale in another sale. The non-paying bidder will be obliged to reimburse the difference in case of a lower hammer price, according to Belgian law. He will not have any claims over the possible difference above the original hammer price.. He will also need to cover all costs related to the re-offering.
18. By taking part in our sales any person agrees to these conditions.
19. Every participant to our sales is supposed to be aware of these conditions.
20. The sale is conducted by:

    Rob Michiels Auctions

    AARM bvba

    Address: J. Delaplacestraat 118, 8310 Sint-Kruis, België

    VAT: BE 0568.546.989

    Tel.: +32(0)473713668

    E-mail: info@rm-auctions.com
21. Any arising dispute shall only be governed by the Belgian law and only the justice court in Bruges, Belgium, can deal with these disputes.