Sell with Drouot Estimations
Sales Process
1 Valuation of Items
The process begins as soon as you request an appraisal (online, at our offices, or during an inventory at your home...). If the valuation suits you, you deposit your item in exchange for a receipt.
Together we define the terms of the sale. Once validated, we send you a mandate to sign, including item-by-item valuations, possible reserve prices, and the sales strategy. Our fees as well as the costs related to the sale are specified, along with the tax conditions.
We exhibit the lots for sale during viewings that precede the public auction.
The auction results are sent to you by mail within the week following the sale.
The proceeds of the sale, less fees, will be settled within thirty to sixty days following the auction, by bank transfer.
Terms
The sales of Drouot Estimations are organized under the usual conditions of public auctions and in accordance with the laws in force.Following the meeting or the inventory, the auctioneer will advise you and review with you the best conditions of sale (dates, publicity, catalogue, fees, reserve price), as stated in a contract.
Any item that remains unsold and is not collected by the seller within 15 days after the date of the sale will incur storage fees of €10 excl. VAT per month and per item, payable by the seller. It is specified that any item not collected within one year will be considered abandoned, without prejudice to the storage fees due.
Fees
File opening fee: €30.49 excl. VAT, i.e. €36.59 incl. VAT.Sales commission: 15% excl. VAT, i.e. 18% incl. VAT, calculated on the hammer price.
Buyback fee: 3% excl. VAT, i.e. 3.60% incl. VAT of the last bid, in the event that the item does not find a buyer.
Special fees:
- Expert’s fee: 3% to 7% excl. VAT depending on the specialty.
- Contribution to publicity and catalogue costs according to quotation.
Taxes, duties and various levies:
- For items in precious metals (jewelry, silverware) not bearing hallmarks in compliance with French legislation, fees will be charged by the Guarantee Service.
- For hammer prices exceeding €5,000 per item, a flat-rate capital gains tax of 6.5% will be deducted directly from the sale proceeds.
- For the sale of original works (paintings, prints, modern sculptures), a resale right of 4% per item with a hammer price between €750 and €50,000, and a decreasing rate beyond that, will be withheld for the benefit of the artists (art. 42, law of March 11, 1957). This resale right does not apply if the seller acquired the work directly from the artist less than 3 years before this sale and if the sale price does not exceed €10,000.
Transport
Transport is the responsibility of the seller and may be organized by our services.Payment
The result of the sale will be sent to you by mail in the week following the auction.Payment of the sale proceeds, after deduction of fees, will be made within thirty to sixty days following the sale, by bank transfer.
