Auctions held by RESSLER KUNST AUKTIONEN GMBH are open to the public. This means that anyone has free admission. Even if you do not wish to bid, every auction is a fascinating event and we invite you cordially to attend.
Purchasing at the auction house is very easy:
You can also bid via telephone, after you sent us an absentee bid order
We make every effort to call the objects of art in the order given in the catalogue. However, changes are possible. The auctioneer may change the order of calls and call objects of art together or separately.
Bidding steps generally increase in increments of approximately 10% of the previous bid. For example, if the starting bid is € 3,000, the following ones will be € 3,200 – € 3,500 – € 3,800 – € 4,000, etc.
The sale is awarded to the highest bidder, unless his bid remains under the minimum sales price agreed with the seller. In that case, the auction house has the possibility to award a “conditional sale“. This means that the auction house must ask the seller of the object of art to consent to this lower-than-agreed price before the sale can be considered final.
In case of a successful bid, the bidder is obliged to pay the sales price of the object of art. This consists of the final bid, the buyer’s premium, resale royalties and value added tax, where applicable.
According to differential taxation, the buyer’s premium is 25% of the final bid. In this case, value added tax is included in the provision.
According to regular taxation, the buyer’s premium is 21% of the final bid. In this case, value added tax of 13% will be added.
In the case of works by living artists and artists who died no longer than 70 years ago, we are obliged to collect resale royalties. These are paid to the artist or his estate. It is calculated at 4% of the final bid if the final bid is no more than € 50,000, an additional 3% for the following € 150,000, an additional 1% for the following € 150,000, an additional 0.5% for the following € 150,000, and for any amount beyond this sum 0.25%. However, resale royalties may amount only to a maximum of € 12,500.
Purchased objects of art that have not been picked up must be placed in external storage at the buyer’s expense after 4 weeks. All works of art are insured by us; however, this insurance coverage terminates 8 days after the final bid or sale.