The estimated price of a lot is based on a market valuation of the lot made by Blomqvist. The estimate acts only as a guide and the price at which the lot is sold may vary from the estimate.
PAYMENT AND CHARGES
A premium of 25% on the hammer price is payable for lots staying in Norway. For lots to be exported, the premium is 21,2% plus 25% VAT for artwork 20% plus 25% VAT for other objects. The VAT will be refunded (see EXPORT). Payment can be made immediately after the hammer has fallen or made within one week of the purchase. We accept Visa and Mastercard.
DROIT DE SUITE AND ARTIST FEE
The artist resale law (Droit de suite) covers the purchase of art by living artists and is applicable up to 70 years after the artist’s death. For more expensive artwork the royalty is reduced as follows:
50.000,01-200.000 Euro: 3%,
200.000,01-350.000 Euro: 1%,
350.000,01-500.000 Euro: 0,5%
above 500.000 Euro: 0,25% and the maximum royalty on any work is 12.500 Euro.
For the lots in question the invoice will be reduced accordingly. 70 years after the artist’s death there will be an art tax fee of 5% on the sale price plus the premium.
Please note that all lots bought at the auction not collected or transport arranged for within 30 days after the auction will be transported to an external warehouse at the buyers expense. Special erms apply for buyers outside of Norway.
All lots are sold in the state and condition in which they are found when sold. The catalogue is produced to the best of Blomqvist’s knowledge. Should any doubt arise about the genuineness of any lot, Blomqvist must be informed immediately and in any event no later than 30 days after the auction. Given adequate proof that the purchased lot is not according to the catalogue text, the
buyer is entitled to return the lot in the same condition as sold against repayment of the purchase price. The buyer is not entitled to receive any payment for cost or loss of profit beyond repayment of the purchase price. No warranty what so ever is given by Blomqvist’s employees, its servants or agents to any buyer in respect of any lot. Any expressed or implied conditions or warranties are hereby excluded.
DEFECTS AND CONDITION
Defects and conditions are usually not indicated in the catalogue. It should not be possible to claim cancellation of a purchase in pursuit of the above provisions if:
a) The catalogue description on the day the lot was sold to the buyer was in accordance with the then generally accepted opinion of scholars and experts.
b) The only way of establishing whether the lot was a forgery at the time of the publication of the catalogue was the implementation of scientific process, the validity of which was only acknowledged after the time, and required a disproportionate amount of cost or would have been impossible to carry out without damaging the lot in question.
a) Exemption from the Norwegian VAT when exported by a forwarding agent. Lots exported within one month from the auction through a forwarding agent approved by us are exempted from Norwegian VAT. Let us know if you need more details. The rules apply to a buyer with a permanent address abroad who wishes to take a purchased lot along as luggage. The lot must have been paid in full and the Norwegian VAT of 25% must be deposited with us. The VAT will be refunded as soon as we have received the export papers with the official custom clearance stamps.
b) Exemption from the Norwegian VAT when exported by the buyer personally as luggage.
The following rules apply to a buyer with a permanent address abroad who wishes to take his/hers purchased lot along as luggage. The lot must have been paid in full and the Norwegian VAT of 25% must be deposited with us. The VAT will be refunded as soon as we have received the export papers with the official custom clearance stamps.
Please note that lots covered by the provisions of the Cultural Heritage Act of 9th of June 1978, no. 50 with changes latest 3rd of March 2000 no. 14, need a written export permission before being exported. Blomqvist will help with the application free of charge, but any charge by the institutions will be added to the purchase price.
These conditions of business from Blomqvist are valid from June 8th 2020