Transaction process for Auctions

Transaction process for Auctions

Supplement to BeArte Gallery Auction Regulations

 

  1. Information about the finished auction is automatically transferred to
    • the Art Seller
    • the Bidder
  2. The moment the Bidder wins an auction, the final price for the artwork (bidding price, VAT, buyer premium, transport costs etc.), together with a payment link, are sent by e-mail to the bidder.
  3. In the case of payment via bank transfer, the Bidder has 3 days to make the bank transfer
  4. All payments are sent to BeArte Gallery account, which is used for settlements between parties of the process
  5. Art Seller has 7 working days to send the order, from the moment the Art Seller receive information about the reservation of funds on the Bidder credit card or about receives of the bank transfer by BeArte Gallery
  6. Art Seller must send a VAT invoice to the BeArte Gallery via e-mail, stating the transaction number in the title, and listing the final price for the artwork (bidding price, VAT, buyer premium, transport costs etc.)
  7. BeArte Gallery sends, in return, an invoice to the Art Seller, with Buyer Premium (18%), and, for artists associated with the BeArte Gallery, the standard commission agreed between the artist and BeArte Gallery and listed in the artist’s profile.
  8. BeArte Gallery transfer found to Art Sellers account, after the Bidders 14-day return right, minus 18% Buyer Premium and, in case Art Seller is an artist associated with BeArte Gallery, in addition, the standard commission agreed in the normal conditions between Artists and BeArte Gallery. Transport costs will also be issued on the same invoice in case BeArte Gallery has arranged the transport.