Please note the change in the VAT treatment of works of art that has been in force since 1 January 2014. Accordingly, the full VAT rate of 19% is now to be applied to all types of works of art. This change affects all lots marked with an "R" in the catalogues (standard taxation).
A change in Grisebach's billing modalities concerns works of art consigned for the auctions from a country outside the EU. They are labelled with an "N" in the lot number. In these cases, in addition to the buyer's premium (e.g. 32% of the hammer price up to a hammer price of EUR 1,000,000), the import sales tax of 7% of the hammer price will be added to the hammer price. The VAT is then already included and is not shown separately (differential taxation according to § 25a UStG).
If you would like to bid at Grisebach for the first time, you will need to complete the initial bidder registration form and additional documents in order to register:
Private individuals
We will require a copy of your identity card or a comparable document proving your identity and - if not included - proof of your current registration address.
Companies, corporations, foundations and other legal associations
We will require a document showing the registration of your company (e.g. extract from the commercial register). We also require a document showing your authorisation to represent the company. If you would like a standard taxed invoice showing VAT, please indicate this when registering to bid. We cannot correct invoices retrospectively!
Persons bidding on behalf of third parties
In addition to the registration documents for your client (natural person or company as described above), we also require a document of your identity and a written authorisation from your client.
We ask for your understanding that we generally cannot accept third-party payments for your purchases. Due to legal requirements, we can only accept payments from the buyer. If you are bidding with us for the first time or are planning a significantly higher bidding activity than before, Grisebach may request a bank reference, a bank statement or other suitable security to check your creditworthiness. The amount of the security to be provided may amount to 20% of the total bidding volume planned by you. Please note Grisebach's auction conditions, which become binding for you when you register to bid, and do not hesitate to contact us at any time if you have any questions. You can reach us by telephone on +49 30 885915 0 and by e-mail at registration@grisebach.com
