Conditions of purchase
Grev Wedels Plass Auksjoner (GWPA) prepares catalogues containing photographs and descriptions of all lots to be auctioned. Great emphasis is placed on ensuring that the information given is exact and as complete as possible.
The catalogues’ auction estimates are based on market evaluations and serve as a guideline for potential buyers. Our auction prices are available through leading artprice databases.
Some of the lots on auction may have a reserve price. Normally the reserve price is below the lowest value of the auction estimate printed in the catalogue. Bids below 80% of the lowest estimate will only exceptionally be taken into consideration.
Customer Services (CS)
CS handles all written bids handed in prior to the auction. With several written bids on the same lot above the seller’s reserve price, CS will bid on behalf of the highest bidder. CS ends bidding just above the second highest written bid, and will apply for buying the object at the lowest price possible. If only one written bid exists, CS will bid on behalf of the bidder on the lowest possible sum above the seller’s reserve price.
Grev Wedels Plass Auksjoner is responsible for the correctness and layout of the catalogue. During preview, the buyer has the opportunity to view the object and its condition, and condition reports for all lots are available on request. GWPA can therefore not accept any claims from buyers not taking advantage of the examination facilities offered. Any complaints must be put forward no later than 30 days after the auction date.
Condition reports available on request. If you wish to see artworks on paper out of frame, please contact us the day before your visit at the latest.
In addition to the final bid price: Buyer’s premium of a total of 25% which includes commission fee, VAT and fee to the Relief Fund for Visual Artists. For export, VAT is refunded on condition of freight by an approved shipping agency.
The items are sold in NOK. Exchange rate at the day of payment..
Payment, pickup and delivery
Registered buyers bidding with numbered paddles or written bids have eight days of payment credit.
Lots must be picked up within eight days after the auction, unless special arrangements are made. Payment must be registered on our client account before lots are released.