PENCK A.R. (n. 1939)

Auction

Items are sold to the highest bidder at the auction on dedicated auction days, or previously notified. The auctioneer may change the order of lots as notified in the catalogue and has discretion to combine and divide lots. Should complaints emerge regarding the winning of an item, the auctioneer has discretion to resume the auction from the preceding bid.

Viewing of the lots before auction

All lots will be on display prior to auction, in the case of traditional auctions, or can be viewed by appointment for online auctions, in order to examine the quality and condition of items; no complaints will be accepted after the hammer, even if there are errors in the catalogue

Buyer's premium

The hammer price of an item is increased by 29% to the buyer, to include buyer's premium and VAT. Capitoliumart offers also an online bidding service via the-saleroom.com for bidders who cannot attend the sale. Please note that any lots purchased via the-saleroom.com live auction service will be subject to an additional 3% commission charge + VAT at the rate imposed on the hammer price.

Note

Antique items declared of significant interest under art. 6 of Legislative Decree 29/10/99 no.490 are indicated as such in the catalogue or announced during the sale. On such items, the Italian State may exercise the right of first refusal within 60 days of the sale notice; the sale, therefore, will only take place after the deadline has passed. In the event that the right of first refusal being exercised, the bidder will be entitled to reimbursement of any amounts already paid.

Security deposit 

For new customers the auction house may require the payment of a security deposit in order to participate to the sales. This deposit must be paid in the forms of payment allowed by the general terms and conditions, in the cases and in the amounts determined by the Auction House.

IMPORTANT NOTICE TO ALL BUYERS ABOUT CONDITION

Condition is not stated in the catalogue. The absence of such reference does not imply that the lot is in good condition or free from faults. Prospective buyers should satisfy themselves by inspection as to the condition of each lot. Condition reports can, however, be provided on request, but are for general guidance only and any such report is, of necessity, subjective.All those who take part in the sale fully accept these regulations and upon acquiring any item assume legal responsibility for the purchase made. Any dispute will be the resolved by the Court of Brescia.

Payments

Forms of payment accepted are: cheque, bank transfer, credit card (Visa, Mastercard and American Express) and cash up to €1,000.00. In the case of cheque or bank transfer, payment will be considered cleared only upon confirmation by our bank of transfer of the amount due. No item will be delivered prior to this. Payments for items purchased must be made no later than 5 working days from the date of the auction. In case of default by the buyer, the auction house will assume that the sale is closed and make the item available again to the seller. .Capitoliumart offers also an online bidding service via the-saleroom.com for bidders who cannot attend the sale. In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed with Capitoliumart: 1. authorise Capitoliumart, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and 2. confirm that you are authorised to provide these credit card details to Capitoliumart through www.the-saleroom.com and agree that Capitoliumart is entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.

Deferred payments

For purchases with a minimum €5,000.00 hammer price, auction fees excluded (for each individual auction, where more than one item is purchased), a deferred payment service is provided interest-free, with 5 monthly installments and immediate payment of the auction fees and first installment of the hammer price. To be eligible for deferred payment, you must notify the auction house in advance, indicating the lots in which you are interested. For information email: [email protected]

Bank details (UBI BANK)

HOLDER: CAPITOLIUMART S.R.L.

BANK: UBI BANCO DI BRESCIA SPA

BRANCH: BRESCIA VIA TRIESTE

BIC SWIFT: BCABIT21

IBAN: IT53F0350011210000000062448

Bank details (BANCA LA VALSABBINA)

HOLDER: CAPITOLIUMART S.R.L.

BANK: LA VALSABBINA

BRANCH: BRESCIA VIA XXV APRILE

BIC SWIFT: BCVAIT2VBRE

IBAN: IT70K0511611200000000055623

Shipping with CapitoliumArt

CapitoliumArt provides an all-inclusive service for packaging and shipping of lots for auction buyers.

- The service can be paid for in one transaction together with the purchased lots.

- For several lots, up to a maximum of four, with the exception of large sculptures and furniture items, these can be combined in a single package; in this case the shipping cost will be the lot with the highest shipping cost plus 5 euros for each additional lot.

- Insured shipping can also be provided on request.

- In the case of framed lots, the glass is always removed before shipment.

For quotes and information please write to: [email protected] 

Shipping by external courier

If the customer wishes to have the items collected by an external shipping company, the cost of packaging will be €25 per item.

For quotes and information please email: [email protected]

Export from the Italian territory: 

Export of lots outside the territory of the Republic of Italy, especially items more than fifty years old, is subject to regulations under Legislative Decree 29/10/99 no. 490 (art. 65-72).

Issue of the relevant certificates for free circulation is the responsibility of the buyer.

Failure to provide or delay in the issuing of any licence does not constitute cause for termination or cancellation of the sale, or justify any delay in payment by the purchaser of the total amount due.