When items intended for sale are consigned, a list is drawn up and a contract describing the conditions of sale is signed. This indicates the minimum prices and sellers' fees, which will be deducted from the hammer price, and are negotiated case by case depending on the importance of the items. These fees include: the auctioneer's fees, photography costs (all photos are taken by a professional photographer), pre-sale valuation costs (except the cost of any necessary certification, invoiced by the cataloguists if relevant), insurance costs, catalogue costs, the cost of advertisements in the national and international press.Tax implications
Auctions are subject to tax. Capital gains tax is 6.5% of the hammer price and is deducted from each item sold by a private individual for any amount
This tax is exonerated in two cases:
- - If the item has belonged to the seller for more than 22 years (in which case it is necessary to complete a form, which should be sent to us together with one of the supporting documents described).To access the form, click here.
- If the seller is a foreign national and not a tax resident in France.