How to Buy
With our extensive network of specialists in a wide range of areas from Greek Art to Jewelry and Watches, Islamic art, Antique furniture, Philhellenic items, Silver, Porcelain, Carpets and Rugs, Books, modern prints; whatever your interest Loudos Auctions are pleased to provide with the expert knowledge and guidance that is needed to assist you.
Please read below to understand how to bid and buy at Loudos Auctions.
Every auction will be uploaded at our auction page. You can register to receive email notifications when our catalogues are live on our website and ready to browse.
All the items of the auction will be uploaded at the auction page including their description, auction estimates and starting prices. Viewing times and location of the items will be displayed at the auction page and the auction catalogue.
The condition of items is not stated in the catalogue description, but is included in the online description where available. Buyers can request condition reports for any item offered at auction but, are encouraged to view lots in person prior to bidding to satisfy themselves as to the accuracy of the description and condition of lots.
Please note that an in-house buyer’s premium of 12% + VAT is applied to all lots bought at auction (14,88% inclusive of VAT) at the final hammer price.
Make sure to read the Terms & Conditions of Sale before bidding.
Artist’s Resale Right
Some lots as indicated in the catalogue may be subject to Artist’s Resale Rights (ARR).
This was introduced by a European Directive in 2006 to ensure that artists receive a royalty when their work is resold by an auction house or gallery. This Right applies to living artists and to those who have died within the last 70 years who are from applicable countries. This royalty is paid by the purchaser on top of the hammer price if the sale price reaches or exceeds 1000 euros.
The maximum royalty a work can earn is capped at 12,500 euros.
|Hammer Price||Percentage Amount|
|From €0 to €50,000||5|
|From €50,000.01 to €200,000||3|
|From €200,000.01 to €350,000||1|
|From €350,000.01 to €500,000||0.5|