BUYING FROM AUCTION
THE AUCTION
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REGISTRATION & BIDDING
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Prospective buyers must register to bid prior to the auction.
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Cooee Art Leven offers several ways to participate in one of our auctions. Bidding forms are also available in our showroom in Redfern during the auction preview. Bidding forms can be submitted in person, online or emailed. If you have not previously bid with Cooee Art/Cooee Art Leven, upon receiving your bid form we will request photo identification, such as a drivers licence or passport.
If you have any questions about the bidding process please contact us.
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There are four ways to bid at a Cooee Art auctions:
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In person – Our auctions are open to the public and held at our premises at 17 Thurlow Street Redfern. We welcome your attendance if you are in Sydney. Click here to register
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Online – Whether you are just a suburb away or half way around the world you can bid for all Cooee Art lots in the comfort of your home or office, live and in real-time on our dedicated auction website at auction.cooeeart.com.au or on Invaluable.
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Absentee on the website – Here you can leave a bid online for an artwork right up until the auction starts at 7pm. You leave your highest bid and you will be informed if someone bids higher than you. Note that you are only informed until the beginning of the auction at 7pm. If you are out bid by someone in the room or on the phones during the auction you will miss out. A good strategy is to leave the highest bid you are willing to buy the artwork for and the computer will keep bidding on your behalf up to that amount. No one is able to see your highest amount so you may just win the artwork for a much lower amount.
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Absentee – For those who prefer not to attend the auction or bid online, you can either leave an Absentee bid with us directly by filling in the form found at the back of this catalogue or at the viewing in Sydney. Leave your highest bid on any artworks and the Auctioneer will bid on your behalf up to but not over this top bid listed. If there is no one else bidding or they pull out before your highest bid, you will win the work for the next bidding increment which may even be less than your top bid. Click here to register
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Telephone – By using this option, you can bid yourself on any artwork from the comfort of your home anywhere in the world. You will be called 2 – 3 lots before your selected artwork comes up and one of our staff will act on your behalf and be your eyes, ears and spokes person for the evening. It is also advisable to leave a Cover Bid (which acts the same as the Absentee Bid listed above) so that if we are unable to reach you on the night then the person calling can then step in and bid for you up to that amount. Click here to register
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BIDDING INCREMENTS
Bidding usually opens below the listed pre-sale estimate and proceeds in the following increments however it is at the discretion of the auctioneer and may vary.
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$0 – $1,000 by $50
$1,000 – $2,000 by $100
$2,000 – $5,000 by $200
$5,000 – $10,000 by $500
$10,000 – $20,000 by $1000
$20,000 – $50,000 by $2,000
$50,000 – $100,000 by $5,000
$100,000 – $200,000 by $10,000
$200,000 – $500,000 by $20,000
$500,000 – $1,000,000 by $50,000
$1,000,000 – and over by $100,000
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BUYER’S PREMIUM
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A buyer’s premium of 25% (including GST) is added to the hammer price on each lot.The hammer price is the last bid that is accepted by the auctioneer.
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SUCCESSFUL BIDS
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The fall of the auctioneer’s hammer indicates the bid has been accepted and the work is sold, the buyer assumes full responsibility for the lot from this time.
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PRE-SALE ESTIMATES
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The price range listed against each lot reflects the opinion of the art specialists as to what they expect the hammer price each artwork may achieve and is informed by realised prices for comparable artworks in the secondary market. These estimates are intended as a guide only and may sell outside of these ranges. Pre-sale estimates do not include buyer’s premium or other charges where applicable.
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RESERVES
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The reserve is the minimum price that the vendor will accept for each lot and the lot can not be normally sold lower than this amount. This information is not provided to prospective buyers.
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CERTIFICATE OF AUTHENTICITY & PROVENANCE
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Each artwork will be listed with the known provenance or history of ownership. Non disclosure may indicate that the prior history and provenance was unknown to Cooee Art. All artworks sold through the Cooee Art auctions come with a certificate of authenticity from our auction house. We do endeavour to track down the original certificates from the sellers of the artworks prior to the sale, however, these are often misplaced and are no longer available.
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TERMS AND CONDITIONS
Full terms and conditions can be found here
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COPYRIGHT
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The copyright of the artworks listed in this catalogue may be owned by the artist or third party and used under licence by Cooee Art. The buyer must not reproduce or otherwise use the images or text without prior written consent. Cooee Art has paid the cost of copyright via the Copyright Agency, 2021
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RESALE ROYALTY
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Some lots consigned for this auction may be subject to the Resale Royalty for Visual Artists Act 2009. Any payments due under the obligations of the Act will be paid by the vendor.
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DISCLAIMER
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All information on this website has been compiled from material currently available in the public domain. Its re-presentation is available without charge to subscribers in a manner consistent with the fair dealing provisions of the copyright act. Cooee Art P/L has attempted to make contact with the author and or creator of all the images used on the website. If the author and or creator of an image has been wrongly attributed, Cooee Art P/L is happy to make any necessary changes but will not be made liable to any copyright infringements.
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AFTER THE AUCTION
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PAYMENTS
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The day after the sale, the Post Sale Service team will send you an Invoice. The final amount due will include the hammer price, the 25% buyer’s premium and the service fee charged by Invaluable if you are using their services. Electronic Bank Transfer is the simplest payment method and your invoice will include our bank details. A 2% surcharge applies to Visa, MasterCard and AMEX payments. Alternatively, payment may be made by cheque, cash or eftpos. Please note: payments made by cheque are subject to a 5-day clearance before goods can be collected.
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GOODS AND SERVICES TAX
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Buyers are required to pay a 10% G.S.T which is the sum of:
a. Included in the final bid prices where buying from a GST registered vendor; and
b. Included in any additional fees charged by Cooee Art; and
c. Included in the Buyers Premium
Where GST applies to some lots the final bid price will be inclusive of GST.
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COLLECTION, TRANSPORTATION & SHIPPING
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All collection notifications, shipping options and requests for carrier recommendations are to be emailed to our Post Sale Services email address auctions@cooeeart.com.au Cooee Art will endeavour to supply you with the best and most cost affective option for shipping your artwork to you but you are not obliged to use this service and may organise your own transport options but please inform us as soon as possible of your preferred method. Proof of identification is required upon collection and lots not collected within seven days of the sale may incur costs associated with external storage and freight.
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Should you request that Cooee Art wrap and/ or pack your goods and arrange postage of your items for you, a fee will apply and whilst all care is taken, we accept no responsibility for any damage.
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