Methods of selling works of art and related costs

As regards the expenses incurred by the auction house, these include all costs relating to the organization, advertising, printing and dissemination of the auction catalogs, except for any sponsorships from private parties.

For the sole estimate of the works, all the necessary information (name, technique, size, year, 2 front / back photos) must be communicated for each, in order to search and be able to give them a correct quotation. The service has a cost of € 50 VAT per work and includes research costs in addition to the appraisal.

Immediate anticipation

For the conferment of works with reserves of at least Euro 3,000, ApuliaAste provides an advance service to the client up to 20%. This amount will be discounted at the time of payment for the works sold and, in the event of non-award, the client will be required to return the sums paid without any additional costs and charges.

What are the costs to be borne by the sender?

Resale right

Resale right (Droit de Suite) D.LGS. n ° 118 of 13/02/2006, in force since 9 April 2006 in Italy, i.e. the right of the author (living or deceased for less than 70 years) of works of figurative arts and manuscripts to receive a percentage on the price of sale of the originals of their works on the occasion of subsequent sales to the first. Warning: the law n. 34 of 25 February 2008 (Official Gazette, ordinary supplement, no. 56 of 6 March 2008), art. 11 modifies art 150 of the law on copyright (n. 633/41), providing for a different method of calculating the right. The new legislation is applicable from sales made from 21 March 2008 onwards. This right will be borne by the seller and will be calculated on the hammer or sale price equal to or greater than € 3,000 and cannot in any case exceed € 12,500, for each Lot. The amount of the right to be paid is determined as follows: 4% for sales up to € 50,000, 3% for the sales portion between € 50,000.01 and € 200,000.00, 1% for the sales portion between € 200,000.01 and € 350,000.00, 0.50% for the sale part between € 350,000.01 and € 500,000.00, 0.25% on the sale price over € 500,000. The resale right charged to the seller will be paid by ApuliaAste to SIAE on the basis of the provisions of the law.
Other charges

The insurance and transport costs for the delivery of the awarded lots are borne by ApuliaAste.
Tax regime

The tax regime to be adopted for each transaction will be that suggested by the regulations in force and by the tax identity of the subjects participating in the auction.