In order to harmonize the fiscal procedures between the countries of the European Union, with January 1, 2001 new rules were introduced in Italy with the extension to the Auction Houses of the margin scheme. Article 45 of Law 342 of 21 November 2000 provides for the application of this regime to sales concluded in execution of commission contracts defined with:
- private subjects;
- tax liabilities that have subjected the operation to the margin regime;
- subjects who have not been able to deduct the tax pursuant to articles 19, 19-bis and 19-bis2 of Presidential Decree 633/72 (which sold the asset exempted under article 10.27 - quinquies);
- subjects who benefit from the exemption regime established for small businesses in the State of belonging. By virtue of the special legislation, in the aforementioned cases any VAT is due from the Auction House.
In some circumstances it can print the history of the ownership of a work on the catalog, if that information can contribute to its study or if it is still well known and vague to distinguish the same work. However, the identity of the seller or previous owners may not be made public for a number of reasons, for example, that information may be excluded to accommodate the seller's request for confidentiality or because the identity of the previous owner does not it is known due to the age of the work.
Contract price, Purchase commission and VAT
The purchase commission is set at a rate of 20% + 3% on the hammer price
Estimates published in the catalog
The estimates published in the catalog are indicative for potential buyers. In any case, all the lots, depending on the market, can reach both higher and lower prices than the indicated evaluations. It is always advisable to consult us as the auction nears as estimates can be subject to revision. The valuations printed on the auction catalog do not include the purchase commission and VAT.
Assistance for potential buyers
Martini arte experts are generally available during the exhibition prior to the auction, or by appointment, in order to provide advice to potential buyers on particular items or on any aspect of the auction procedure: only written opinions are answered, yes reminds potential buyers that each lot is sold in the conditions in which it is found at the time of the award.
Offers of those who cannot be present at sales
If we receive instructions, we will execute the offers and provide the necessary information. This service is free. The lots will always be purchased at the cheapest price allowed by other offers on the same lots and from the reserves registered by us. In the case of identical bids, priority will be given to the one received before.
Please always indicate an "upper limit" - the amount you would bid on if you were to attend the auction personally. Purchase orders with unlimited offers will not be accepted.
Those who cannot participate can take advantage of our ASTA LIVE service on www.astemartini.it .
Orders if dictated by telephone are accepted only at the risk of the sender and must be confirmed by letter, fax or telegram before the auction. The valid fax number for the offers isIn order to ensure a satisfactory service to the bidders, we strongly recommend that you send us the offers so that they are received by us at least 24 hours before the auction.
Verbal communication will not be considered valid.
Relaunch and response offers
The auctioneer can open the offers on each lot by making an offer in the interest of the seller. The auctioneer can also bid in the interest of the seller, up to the amount of the reserve, formulating bids and replies for a lot. Martini Aste employees may bid on an Aste Martini auction only if the employee is not aware of the reserve price and if he makes the offer in full compliance with the internal regulations that regulate the offers in the auction of employees.
Unpaid items not collected immediately after the auction and for which Martini will no longer be responsible, will be transferred to the martini aste warehouse or other transport company. After 5 working days from the auction the transporter will charge the purchasers € 28,50 plus VAT for the transfer and the first week or part of the storage of each lot.
For each subsequent week or part, € 13.00 plus VAT will be charged. These rates include insurance up to € 2,600.00 in value per lot. In addition to this amount, the buyer will be charged a percentage of one per thousand on the value as insurance coverage.
Payment and withdrawal of purchases. Shipping services
The following forms of payment may facilitate the immediate withdrawal of what you have purchased:
1) Cash for an amount not exceeding € 3,000.00.
2) Bank draft, subject to prior verification with the issuing institute.
3) Current account check, after agreement with the Martini administrative management.
4) Bank transfer: Unicredit - Sanremo - Via Matteotti, 138
In accordance with the provisions of Italian law: Martini Aste is required to request its clients to present an identity document (identity card, driving license, passport and confirmation of the domicile).
According to the Italian law (art. I of the DL 3 May 1991 n ° 143 converted, with modifications, in 5 July 1991 n ° 197) does not accept the payment in contact for amounts over € 3.000,00 Martini will bill the invoice to the same person which appears when the pallet is registered.
It is not possible to deliver the goods against payment by bank check and circulate unless this has been specifically agreed before the auction.
Payments made promptly by one of the methods listed above will avoid delays, storage and shipping and insurance costs.
A representative of a shipping company will be at your disposal for information and to receive instructions for any shipments of the lots purchased during the exhibition and sales. The sales conditions require buyers to pay for the goods purchased immediately.
However, in limited circumstances and in any case with the consent of the seller, Martini has the possibility to offer to buyers that it deems reliable the faculty to pay for the goods purchased at extended intervals. Normally the deferred payment methods must be defined before the sale. Before determining whether or not to grant payments.