Day 1: Ostantix Auctions | Asian Art - Vintage - Jewelry |

Day 1: Ostantix Auctions | Art Antiques |

Date: 3 september 2024

Start auction: 10:00

Day 1 : lot number 1 till 465

Lieu de la vente :

Torhoutsesteenweg 553

Oostende, West-Vlaanderen 8400

Belgium

Expostions publiques:

28th of august till 1 September entre 10:00 – 17:00

Telephone: 0032 494 26 21 47

Buyer's Premium

25 % + 1,5 % Drouot

Terms and Conditions of Ostantix Auctions

Organizer:

Ostantix Auctions BV

Address: Torhoutsesteenweg 553, 8400 Ostend, Belgium

VAT Number: BE 0795.478.687

Contact Information:

Email Info: info@ostantix auctions.com

Email Support: support@ostantix auctions.com

Email Accounting: accounting@ostantix auctions.com

Auction Process:

The auction follows standard Belgian conditions for bidding auctions.

Payment:

Payment must be made within five working days after the last auction day.

According to anti money laundering laws, amounts exceeding €3,000 must be paid by check, credit

card, or bank transfer to our account.

Bidding Increments:

Bidding increments follow 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 with approval from the auctioneer and are not disputable.

Auction Fees:

The auction fees are 25% of the hammer price, plus an additional fee of 0 to 5% for online bids on

auction platforms.

Condition of Goods:

Goods are sold in their current condition at the time of allocation.

Goods Information:

Provided information is informative and not binding.

Buyers are encouraged to personally inspect the goods or request more details if anything is

unclear.

Complaints about condition, catalog description, dating, etc., are not accepted after allocation.

Color Deviations and Lens Distortion:

Please consider possible visual deviations in photos.

Color perception is subjective and can vary.

Lens distortion may occur, returns based on this are not accepted.

Damaged Goods during Viewing/Auction Days:

Damage by third parties to be auctioned goods must be reported.

Damage may lead to legal action and compensation.

Collection of Goods:

Buyers are responsible for their goods after allocation.

Collection times will be announced after the auction.

Identification:

Buyers must correctly identify themselves.

Bidding numbers are available shortly before the auction.

Personal information is handled discreetly and not shared.

Own Responsibility:

Buyers are expected to purchase at their own risk.

Placing a bid is binding.

Disputes:

Disputes will be settled by a bailiff/notary without recourse.

Resale Right:

Original art is subject to resale right if the author is either a living artist (from the EU) or within 70

years after their death, a resale right is due on the hammer price from €2,000 onwards:

o 4% of the part of the sale price from €2,000 up to €50,000

o 3% of the part of the sale price from €50,000.01 up to €200,000

o 1% of the part of the sale price from €200,000.01 up to €350,000

o 0.5% of the part of the sale price from €350,000.01 up to €500,000

o 0.25% of the part of the sale price above €500,000

However, the maximum amount of the right may not exceed €12,500

Even if this amount is not collected when the invoice is issued, the customer can still be obliged to

pay this amount for 5 years following to comply with the resale right. All information about resale

right in Belgium can be found at https://resaleright.be.

Storage Costs and Payment Methods:

1. Cash (for amounts up to €3,000)
2. By bank transfer (transfer costs are borne by the buyer) to account:

IBAN: BE98 7370 6709 9993

BIC: KREDBEBB

Beneficiary: Ostantix Auctions BV

Beneficiary address: Torhoutsesteenweg 553, 8400 Ostend, Belgium

Bank: KBC Bank

Bank address: Marktstraat 18, 8620 Nieuwpoort, Belgium

1. By card payment in the room, in the presence of the cardholder.
2. By online card payment.

Goods must be collected within 14 days after the auction.

Storage costs apply after this period.

Default Interest and Costs:

Administrative costs and default interest are applied to unpaid invoices: On invoices not paid in full

within 30 calendar days from the auction date, the following default interest and costs are calculated:

On day 31: Administrative cost of 25 Euro per lot plus 1.5% of the total invoice amount.

For every 14 calendar days thereafter, an additional default interest is calculated at 1.5% of the total

invoice amount.

Packaging and Shipping:

Goods can be packaged and shipped at additional costs.

The order of packaging/shipping corresponds to the order of payment.

Even when insurance is taken, it does not cover all cases. When it does intervene, not always the full

purchase amount is covered. We will do what we can to assist you but cannot be held responsible for

any losses associated with it.

Bidding Options:

Bidding can be done by phone, online, or in writing.

Foreign bidders must identify themselves 24 hours before the auction.

Trader Identification:

Traders must identify themselves as such upon receiving the buyer's number.

Reoffer:

In case of reoffer, the item will be presented again.

The reofferer is liable for any losses.

Customs Regulations:

Buyers must respect customs regulations for their country. Our auction house cannot be held

responsible for any export problems.

CITES Regulation:

Buyers and sellers must be aware of CITES regulations.

Agreement to Terms:

By participating in the auction, you agree to these terms.

Right to Refuse:

The auction house reserves the right to refuse bidders or require a deposit.

Acknowledgment of Terms:

All buyers and sellers are assumed to have acknowledged these terms.

Disputes and Applicable Law:

In case of disputes, Belgian law applies, and the Court of Bruges has jurisdiction.