A Chinese Canton and Famille Rose decorated porcelain vase on a turquoise fond background

Sales Conditions Ostantix Auctions

1. Organizer:
• Ostantix Auctions BV
• Address: Torhoutsesteenweg 553, 8400 Ostend, Belgium
• VAT number: BE 0795.478.687
• Phone Kenneth: +32 (0) 498 22 92 21
• Phone Glenn: +32 (0) 494 26 21 47
2. Contact Information:
• Email Info: info@ostantix-auctions.com
• Email Support: support@ostantix-auctions.com
• Email Accounting: accounting@ostantix-auctions.com
3. Auction Process:
• The auction takes place according to the usual Belgian conditions for auctions.
4. Payment:
• Payment must be made no later than five working days after the last auction day.
• According to the anti-money laundering law, amounts from €3,000 must be paid by cheque, credit card, or bank transfer.
5. Bidding Steps:
• Bids proceed according to the following steps:
• 0-200 Euro: + 10 Euro
• 200-500 Euro: + 20 Euro
• 500-1000 Euro: + 50 Euro
• 1000-2000 Euro: + 100 Euro
• 2000-5000 Euro: + 200 Euro
• 5000-10000 Euro: + 500 Euro
• 10000-20000 Euro: + 1000 Euro
• +50000 Euro: +5000 Euro
• Deviations are only possible after approval of the auctioneer and cannot be disputed.
6. Auction Costs:
• The auction costs amount to 25% of the hammer price, plus an extra fee for online bids on auction platforms:
• LiveAuctioneers: + 5% fee
• Invaluable: + 5% fee
• Drouot: + 1.5% fee
• Lot-tissimo: + 5% fee
• Epailive: + 3% fee
7. Statement of Goods:
• Goods are sold in their current condition at the time of assignment.
8. Information about Goods:
• Information provided is informative and not binding.
• Buyers are encouraged to inspect the goods personally or request more details via a condition report at least 24 hours before the auction day.
• Complaints about condition, catalogue description, or dating will not be accepted after assignment.
9. Color Aberrations and Lens Distortion:
• Buyers should consider possible visual deviations in photos.
• Color perception varies due to contrast, brightness, screen type, lighting, and surrounding colors.
• Lens distortion is possible; returns based on color deviations or lens distortion will not be accepted.
10. Damaged Goods during Viewing Days/Auction Days:
• Interested parties who damage a lot must report this immediately.
• Failure to report damages may result in legal action.
• Compensation may be required up to the high estimate plus 27.5%.
11. Collection of Goods:
• Buyers are responsible for their goods after assignment.
• Collection times will be announced after the auction.
12. Identification:
• Buyers must identify themselves correctly.
• Bidding numbers are available shortly before the auction.
• Personal information is treated discreetly and not shared.
13. Own Responsibility:
• Buyers are expected to purchase at their own expense.
• A placed bid is legally binding.
14. Disputes:
• Disputes are settled by a bailiff/notary without recourse.
15. Resale Right:
• For original art, a resale right applies where the author is either a living EU artist or has passed away within the last 70 years.
• The fee is calculated as follows:
• 4% on the portion of the sale price between €2,000 and €50,000
• 3% on the portion between €50,000.01 and €200,000
• 1% on the portion between €200,000.01 and €350,000
• 0.5% on the portion between €350,000.01 and €500,000
• 0.25% on the portion above €500,000
• The maximum resale fee is €12,500.
• Even if not collected at the time of invoicing, buyers may still be required to pay this amount up to five years later.
• More details can be found at www.resaleright.be.
16. Payment Methods:
• Cash (up to €3,000)
• By transfer (transfer costs are borne by the buyer) to:
• IBAN: BE98 7370 6709 9993
• BIC: KREDBEBB
• Beneficiary: Ostantix Auctions BV
• Bank: KBC Bank
• Payment card in person at the auction hall.
• Payment card online.
17. Late Payment Interest and Costs:
• Invoices unpaid after 30 days will incur:
• An administrative fee of €25 per lot
• 1.5% interest on the total invoice amount
• An additional 1.5% interest every 14 calendar days thereafter.
18. Storage Policy:
• Buyers have 30 days to collect purchased items.
• After 30 days, a storage fee of €5 per lot per day (excl. 21% VAT) applies, even if fully paid.
• Buyers must arrange a collection appointment to avoid charges.
19. Bidding Options:
• Bidding can be done by telephone, online, or in writing.
• Bids in the auction room always have priority.
• Foreign bidders must identify themselves at least 24 hours before the auction.
• A bank guarantee may be required in certain cases.
20. Merchant Identification:
• Traders must identify themselves as such upon receipt of their buyer number.
21. Non-Paying Buyers:
• If a buyer defaults, the lot will be re-auctioned.
• The original buyer remains liable for any losses.
22. Customs Regulations:
• Buyers must adhere to their country’s customs rules.
• The auction house is not responsible for export issues.
23. CITES Regulation:
• Buyers and sellers must be aware of CITES regulations regarding protected materials (ivory, rhino horn, taxidermy, etc.).
24. Acceptance of Terms:
• By participating, all buyers agree to these conditions.
25. Right of Refusal:
• The auction house may refuse bidders or require a deposit.
• Deposits will be deducted from the final invoice or refunded after the auction.
26. Legal Jurisdiction:
• Belgian law applies.
• The Court of Bruges has exclusive jurisdiction over disputes.