Strauss & co - 26 - 28 July 2020, Online
7 Buying at Strauss & Co A step by step guide for buying at auction 1. BROWSE UPCOMING SALES The sale can be viewed on our website: www.straussart.co.za Catalogues can be purchased from our offices or by subscription. Cataloguing information 1. Descriptions include size, date, medium and attribution of the lot. Where possible, provenance, literature, exhibitions and additional notes are also included. 2. Estimates are given for all lots and are based on recent prices achieved for comparable property, taking into account quality, condition and provenance. Estimates are exclusive of Buyer’s Premium and VAT. 3. The reserve is a confidential figure between Strauss & Co and the seller below which a lot may not be sold. It never exceeds the lower estimate. Specialists are available online to advise, discuss and help you with the lots you are interested in. Condition reports are available on request and are advisable if you are unable to attend the preview. Saleroom notices amend the catalogue description of a lot after our catalogue has gone to press. 2. REGISTER TO BID To place a bid, you must first register for the auction on our website www. straussart.co.za . You can do this simply by clicking on the ‘Register to Bid’ link and completing the short online form. An email will be sent to you confirming your registration and paddle number. If you are bidding at Strauss & Co for the first time you might be asked for a holding deposit before you are approved to bid. Prospective Bidders who have not previously registered with us are required to register at least 24 hours before the auction commences 3. BID IN THE SALE Submit a bid Placing a bid before the auction begins allows you to get in on the action ahead of the live bidding that takes place once the auction kicks off. This can be done on our website by clicking ‘Submit your bid’ on the lot that you are interested in. Absentee bids If you would like to place a maximum bid that our auctioneer will execute on your behalf, you can click on the ‘Absentee Bid’button on our website. This will open a digital form for you to complete, and it will be submitted to bids@straussart. co.za or you can complete our PDF form, found on our website under ‘Auction Details’, and submit it to bids@straussart. co.za An sms will be sent to you to confirm your bids. Telephone bidding If you prefer to bid by phone, we will call you from the saleroom and bid with you on the phone. Please complete our PDF form, which can be found on our website under ‘Auction Details’, and submit it to bids@straussart.co.za An sms will be sent to you to confirm your bids Virtual live bids Once the live auction begins, you will gain access to an exclusive virtual bidding console that simulates all aspects of being at the auction house in a live sale. Virtual live bidding is user-friendly, safe and secure. Remember to check our terms and conditions regarding charges, including buyer’s premium, which is added to the hammer price on each lot. Please contact our Client Service Department: Johannesburg 011 728 8246 if we can assist in any way. 4. IF YOUR BID IS SUCCESSFUL You will receive an invoice and payment instructions shortly after the sale. How do I pay and collect? All the lots you purchase will be invoiced to the name and address that appear on the registration form. Please arrange payment and collection immediately after the sale. How much will I pay (Live Auctions)? If you are successful, you will pay the hammer price plus the buyer’s premium on each lot as follows: 12% for lots selling over R20 000, 15% for lots selling at and below R20 000 + VAT on the buyer’s premium on each lot. Methods of payment Payment may be made by:– a) Electronic Transfer (EFT) Current Account Strauss & Co Standard Bank: Killarney Bank code: 007205 Current Account No: 001670891 Swift address: SBZA ZA JJ b) Credit cards acceptable to Strauss & Co: Mastercard, Visa and Diners Club c) Telegraphic Transfer (TT) Remitter to bear all costs. Insurance Please note: Strauss & Co does not provide insurance on sold lots. It is advisable therefore to pay and collect as soon as possible. If you require insurance, we recommend that you contact ITOO Art Insure Gail Bosch, Artinsure Product Head, gail@artinsure.co.za or 082 965 8837. Collection of purchases 1) From Strauss & Co, Johannesburg Purchased lots can be collected from our offices at 89 Central Street, Houghton, Johannesburg. Please call first to make an appointment. 2) From Strauss & Co, Cape Town Clients wishing to collect from Strauss & Co Cape Town may make use of the Stuttaford consolidated shipment. Please indicate clearly on your Absentee Bid Form if you would like Stuttaford to quote or inform a member of staff. Unless specified by buyers, items will not be insured in transit. Payment of purchases and transport costs will be payable to Strauss & Co and Stuttaford upon collection of purchased lots from the Cape Town Office: The Oval, Oakdale Road, First Floor Colinton House, Newlands. Tel: 021 683 6560. 3) Door-to-door delivery service Please contact our logistics and shipping department if you require a quote for delivery: shipping@straussart.co.za For wine deliveries and shipping please see ‘Buying Wine at Strauss’on page 11.
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