All items that are offered and sold by Heffel Fine Art Auction House live auctions, heffel.com online auctions and Heffel Gallery Limited are subject to our published Terms and Conditions of Business, our Catalogue Terms and any oral announcements made during the course of our live sales.
Heffel Fine Art Auction House and heffel.com charges a Buyer's Premium calculated at a rate of twenty-five percent (25%) of the Hammer Price of the Lot up to and including $25,000; plus twenty percent (20%) on the part of the Hammer Price over $25,000 and up to and including $5,000,000; plus fifteen percent (15%) on the part of the Hammer Price over $5,000,000, plus applicable sale tax.
If you are unable to attend our auction in person during our live auction, you can bid by completing the Absentee Bid Form found in our catalogue or on our Internet site. Please note that all Absentee Bid Forms should be received by Heffel Fine Art Auction House at least 48 hours prior to the commencement of the sale.
Bidding by telephone, although limited, is available. Please make arrangements for this service well in advance of the sale. Telephone lines are assigned in order of the sequence in which requests are received. We also recommend that you leave an Absentee Bid Form that we will execute on your behalf in the event we are unable to reach you by telephone.
If you are unable to submit a bid for our online auction, please contact us to discuss other possible arrangements.
Bidding typically begins below the low estimate and generally advances in 10% increments.
General Bidding Increments:
|$50 ~ 300||$25 increments|
|$300 ~ 500||$50|
|$500 ~ 2,000||$100|
|$2,000 ~ 5,000||$250|
|$5,000 ~ 10,000||$500|
|$10,000 ~ 20,000||$1,000|
|$20,000 ~ 50,000||$2,500|
|$50,000 ~ 100,000||$5,000|
|$100,000 ~ 300,000||$10,000|
|$300,000 ~ 1,000,000||$25,000|
|$1,000,000 ~ 2,000,000||$50,000|
|$2,000,000 ~ 5,000,000||$100,000|
|$5,000,000 ~ 10,000,000||$500,000|
Payment must be made by:
a) Bank Wire direct to our account
b) Certified Cheque or Bank Draft, unless otherwise arranged in advance with the Auction House, or
c) a cheque accompanied by a current Letter of Credit from the Purchaser's bank which will guarantee the amount of the cheque. A cheque not guaranteed by a Letter of Credit must be cleared by the bank prior to purchases being released.
We honour payment by VISA or Mastercard for purchases from within North America up to $5,000 for online auction purchases and $25,000 for live auction purchases.
Payment can be made by Bank Wire to:
Royal Bank of Canada,
1497 West Broadway,
Vancouver, British Columbia,
Telephone 800 769~2520
Transit # 05680 003
Account # 133 503 3