Live bidding may start higher or lower
Buyer's Premium
R0 - 20,000:20.0%
R20,001+:20.0%
Bidding Increments
| From: | To: | Increment: |
|---|
| R0 | R199 | R10 |
| R200 | R219 | R20 |
| R220 | R249 | R30 |
| R250 | R279 | R30 |
| R280 | R299 | R20 |
| R300 | R319 | R20 |
| R320 | R349 | R30 |
| R350 | R379 | R30 |
| R380 | R399 | R20 |
| R400 | R419 | R20 |
| R420 | R449 | R30 |
| R450 | R479 | R30 |
| R480 | R499 | R20 |
| R500 | R999 | R50 |
| R1,000 | R1,999 | R100 |
| R2,000 | R2,199 | R200 |
| R2,200 | R2,499 | R300 |
| R2,500 | R2,799 | R300 |
| R2,800 | R2,999 | R200 |
| R3,000 | R3,199 | R200 |
| R3,200 | R3,499 | R300 |
| R3,500 | R3,799 | R300 |
| R3,800 | R3,999 | R200 |
| R4,000 | R4,199 | R200 |
| R4,200 | R4,499 | R300 |
| R4,500 | R4,799 | R300 |
| R4,800 | R4,999 | R200 |
| R5,000 | R5,999 | R500 |
| R6,000 | R6,999 | R500 |
| R7,000 | R7,999 | R500 |
| R8,000 | R8,999 | R500 |
| R9,000 | R9,999 | R500 |
| R10,000 | R19,999 | R1,000 |
| R20,000 | R21,999 | R2,000 |
| R22,000 | R24,999 | R3,000 |
| R25,000 | R27,999 | R3,000 |
| R28,000 | R29,999 | R2,000 |
| R30,000 | R31,999 | R2,000 |
| R32,000 | R34,999 | R3,000 |
| R35,000 | R37,999 | R3,000 |
| R38,000 | R39,999 | R2,000 |
| R40,000 | R41,999 | R2,000 |
| R42,000 | R44,999 | R3,000 |
| R45,000 | R47,999 | R3,000 |
| R48,000 | R49,999 | R3,000 |
| R50,000 | R99,999 | R5,000 |
| R100,000 | R199,999 | R10,000 |
| R200,000 | R219,999 | R20,000 |
| R220,000 | R249,999 | R30,000 |
| R250,000 | R279,999 | R30,000 |
| R280,000 | R299,999 | R20,000 |
| R300,000 | R319,999 | R20,000 |
| R320,000 | R349,999 | R30,000 |
| R350,000 | R379,999 | R30,000 |
| R380,000 | R399,999 | R20,000 |
| R400,000 | R419,999 | R20,000 |
| R420,000 | R449,999 | R30,000 |
| R450,000 | R479,999 | R30,000 |
| R480,000 | R499,999 | R20,000 |
| R500,000 | R999,999 | R50,000 |
| R1,000,000+ | | R500,000 |
Conditions of Sale
Estimates
Pre-sale estimates are based on recent market prices achieved at auction for comparable property, condition, rarity and provenance. Any bid between the high and the low estimate will, in Strauss & Co's opinion, stand a fair chance of success. Estimates are exclusive of Buyer's Premium and VAT. Printed estimates in the catalogue may be altered and are subject to revision.
Reserves
Lots may be subject to a reserve and below which a lot may not be sold. This is a confidential figure between Strauss & Co and the seller.
Bidding at the Auction
The auctioneer will accept bids from those present in the saleroom, by absentee written bids left in advance or from telephone bidders. The auctioneer may bid on behalf of the seller up to the amount of the reserve, by placing consecutive or responsive bids for a lot.
In person: Prior to the sale, bidders are required to complete a registration card in order to obtain a bidding number and to produce some form of identification, for example, ID document, driving licence, passport or proof of current address. The onus is on the bidder to ensure that the auctioneer is aware of the bid and that the correct lot number, bidder's number and price are called out.
Absentee written bids: These are written instructions from prospective buyers instructing Strauss & Co to bid on their behalf up to a specific amount for each lot. Although bidders are advised to record the maximum limit to which they will bid they may well be successful in securing the lot at a lower figure, depending on other interest in the lot. In the event of an identical bid, the earliest received will take precedence. Telephoned Absentee bids must be confirmed before the sale in writing. Please ensure that Absentee bids are submitted at least 24 hours before the sale.
Telephone bids: Bidders who are unable to attend the auction may arrange to bid on the telephone. A telephone clerk will call you from the saleroom and bid on your behalf. To register, please contact the Bid Department. As the number of telephone lines is limited, it is advisable to book a telephone at least 24 hours before the sale. In the event of a breakdown in the telephone communications, it is advisable to leave a maximum bid as a safeguard. Telephone bids may be recorded.
Buyers Premium
Buyer's Premium
We charge a premium to the buyer on the final bid price.
The buyers premium for the Monarch Hotel auction is 15% for all lots.
For live auctions this is calculated at 12% for lots selling over R20 000, and 15% for lots selling at and below R20 000.
For wine auctions this is calculated at 12% for all lots.
For all online auctions this is calculated at 15% for all lots (including wine lots).
Shipping Terms
Please contact shipping@straussart.co.za for a quote
Collection
Where auctions are not held at a Strauss & Co office, all purchases must be removed from the auction venue by 1pm on the day following the sale. After this time, all purchased lots will be removed either to Strauss & Co's offices or to Stuttaford Fine Art Storage, and may be subject to removal, handling and storage fees.
Large items of furniture may be sent to Stuttaford Fine Art Storage at the purchaser's expense.
All wine purchases are currently being stored in refrigerated, secure ideal conditions at Wine Cellar in Observatory, Cape Town. The Strauss & Co Fine Wine Auction Coordinator will be in contact with you once payment has been received to finalise options for collection, delivery or further cellaring for long or short-term.
Payment
All lots sold will be invoiced to the name and address that appear on the bidding forms. Successful bidders are required to make payment for their purchases immediately after the sale. Purchases will be released upon proof of payment.
Methods of Payment
Payment may only be made by:
• Electronic Transfer
International Payments:Remitter to bear all costs
• Credit cards acceptable to Strauss & Co
(Diners Club, Mastercard and Visa)
Banking Details
Strauss & Co
Standard Bank Killarney
Branch Code: 007205
Current Account No: 001670891
Swift Address: SBZA ZA JJ
Payment
All lots sold will be invoiced to the name and address that appear on the bidding forms. Successful bidders are required to make payment for their purchases immediately after the sale. Purchases will be released upon proof of payment.
Methods of Payment
Payment may only be made by:
• Electronic Transfer
International Payments:Remitter to bear all costs
• Credit cards acceptable to Strauss & Co
(Diners Club, Mastercard and Visa)
Banking Details
Strauss & Co
Standard Bank Killarney
Branch Code: 007205
Current Account No: 001670891
Swift Address: SBZA ZA JJ
VAT
Please take note that VAT is payable by buyers on the premium at the applicable rate. (15%)
Shipping Terms
Please contact shipping@straussart.co.za for a quote
Collection
Where auctions are not held at a Strauss & Co office, all purchases must be removed from the auction venue by 1pm on the day following the sale. After this time, all purchased lots will be removed either to Strauss & Co's offices or to Stuttaford Fine Art Storage, and may be subject to removal, handling and storage fees.
Large items of furniture may be sent to Stuttaford Fine Art Storage at the purchaser's expense.
All wine purchases are currently being stored in refrigerated, secure ideal conditions at Wine Cellar in Observatory, Cape Town. The Strauss & Co Fine Wine Auction Coordinator will be in contact with you once payment has been received to finalise options for collection, delivery or further cellaring for long or short-term.
