How to buy - Karl&Faber

Buying & Collecting

Karl & Faber runs six art auctions annually at the company’s headquarters in Munich. We auction works from the periods Old Masters, 19th-century art, modern art and contemporary art. Following each auction, works that have not sold are offered at post-auction sales. At irregular intervals, we carry out direct sales, which we present on our website. During these special promotions, artworks go on sale at fixed prices and can be purchased through our website, in writing or by phone – the first bidder wins the lot.

 

Register

Take a moment to create your personal account. Through the account you can track offers and create wish lists, subscribe to automatic notifications for upcoming auctions and promotions and gain easy access to information about artists and available works. Also, you can bid online or make purchases when post-auction sales and direct sales are taking place.

The privacy policy of Karl&Faber applies.

Discover

Online
Our online catalogues become available four weeks prior to the start of the auction. Register on our website to consult them more easily. We will keep you up to date with our latest catalogues.

On Site
Viewings in Munich start ten days prior to the auction. Further viewings are held in Hamburg, Vienna, Düsseldorf and Stuttgart. The dates are listed here.

Direct
We offer opportunities to discover and acquire artworks outside of auctions: Our post-auction sale is on for ten weeks following the auction. In our private sales, we offer exclusive works to select customers, and our online partners have appealing offers as well. In addition, you can take part in our direct sales.

Bidding

The auctioneer calls out one lot number after the other and takes bids from bidders in the room, and from callers and those bidding online. Written bids are taken into account as well. The person who makes the highest bid wins the lot.

 

 

In Person

As a bidder you may want to be personally present at the auction. However, you need not be present for the duration of the entire auction. Feel free to take part in the auctioning of specific lots only. We will notify you about the approximate time when the lot you are interested in will be open for bids.
Before you can bid, you need to register at the reception desk. The receptionist will ask to see your ID and hand you a bidder number. To bid on a lot, give the auctioneer a clear indication, for example by holding up your hand or your bidder number.

In Writing

You can place a written bid, just register via My Karl&Faber. You can also send us a signed bidding form: by post, by fax or as a PDF.
We will confirm your bid by email. Unfortunately, we can only consider bids that reach us at least 24 hours before the auction.

By Telephone

Would you like to bid by phone? Please register by going to My Account and submitting your telephone number along with your bid. We will confirm your bid in writing and let you know the approximate timeframe when we will call you regarding your lot number.

Online

You may participate in an auction online. Register by going to My Account and submit your bids online. Also, our partner Invaluable facilitates live bidding via the internet.

Buying

Purchase Price
The purchase price of an artwork at auction is composed of the hammer price and the buyer’s premium and, depending on the case, droit de suite charges. Value added tax and shares in costs may apply, see Fees & Taxes.
You can pay as soon as your bid has been accepted. The following payment options are available:

  • EC-card with PIN
  • Cash

Should you not be able to pay for your purchase immediately, we will send you an invoice.

FURTHER INFORMATION

Shipping & Transport

You may remove the objects you won at auction after making your payment. We package them expertly for transportation and, if you like, we will hire a professional carrier to handle the shipment. We will provide you with detailed information regarding the cost of this service. All costs for packaging, shipping and insurance are incurred by the buyer.

Insurance

Transportation by a carrier is insured separately through the carrier. For further information please contact the Shipping Department.

Fees & Taxes

Purchase Price
The purchase price consists of the hammer price, the buyer’s premium and droit de suite charges, i.e. 1.5% of the net amount for works whose author has been deceased for less than 70 years plus statutory turnover tax thereon.

Premium
Artworks subject to regular taxation are marked „R“ after the catalogue number. In these cases, the buyer shall be charged a premium for each individual object as follows: 25 % on a hammer price up to and including 500,000 EUR; 23 % on the amount exceeding a hammer price of over 500,000 EUR and up to and including 1,500,000 EUR; and 18 % on the amount exceeding 1,500,000 EUR. Statutory turnover tax at a rate (at present) of 19 % shall be added to the hammer price, the premium and any further costs which may be charged, and shall be separately shown on the invoice.

When applying § 25 a Value Added Tax Act (differential taxation), the premium as well as any further costs are subject to the value added tax not shown separately, currently amounting to 19 %. The premium, taking into account the scale stipulated in the provisions above, shall then amount to 32 %, 27 % and 22 %. An “N” behind the catalogue number indicates differential taxation on works of art which originate from a country outside of the EU. For such objects, the advanced import tax will be charged at a rate of 7 % of the hammer price in addition to the premium.

 

General Information

You can download our General Information here.