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We take seriously
our role as the most powerful auction house in Japan
for consignors who would like to liquidate properties
at competitive value.
Please do not hesitate to call us if you are considering selling
articles that you hold.
Our strong record of service and results demonstrate that your needs
will receive the attention they deserve.
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| 1. Please contact us |
You are welcome to contact us in English, French, or Japanese.
Of course, the privacy of all clients will be respected. The following
chart describes the process from initial contact through final
sale.
SHINWA ART AUCTION CO., LTD.
B-4F, Ariake Frountier Bldg., 3-7-26 Ariake, Koto-ku, Tokyo 135-0063 JAPAN
Tel: +81 (0)3-3520-0066 / Fax: +81 (0)3-3520-0067
Email: info@shinwa-art.com
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| 2. Staff assignment |
After hearing from you, we will assign an appropriate staff member
to take care of your matters.
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| 3. Provisional estimate |
We ask you to provide us with photos and other documentation (such
as size of article, close-ups of artist's signature, and related
information) by post or e-mail.
After our weekly estimate committee meeting considers your item,
we will provide you with a provisional estimate of the price it
would bring at auctions.
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| 4. Safekeeping of your article |
Before being entrusted with your artwork, we will confirm the condition
of the article itself at your convenience. Upon issuing a certificate
of entrustment, we will insure your work and hold it under
strict security.
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| 5. Reserve price |
We will consult with you about a reserve price (the minimum price
you are willing to accept and below which a lot will not be
sold) in accordance with the estimate committee's assessment.
Should you need an official appraisal for such reasons
as inheritance or corporate accounting, Shinwa Art Auction
will provide you with an appraisal certificate based on our
auction experience and knowledge of the market.
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| 6. Contract |
With the exception of the appraisal fee, no payments are required
until a contract is signed.
We ask that you keep the contract documents in a safe place.
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| 7. Survey and repairs |
We will collect as much information about the article as we can,
such as whether it has appeared in any catalogues, whether
it has ever been exhibited, and the year it was made.
In addition, we can offer advice about repair or replacement of
frames, as articles in good condition often attract higher bids
at auction.
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| 8. Catalogue |
A month before the auction, a colour auction catalogue will be
sent to several thousand subscribers.
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| 9. Showing of article |
We will first take the article to prospective buyers who may not
be able to attend the preview or attend the auction itself.
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| 10. Preview |
Prior to the auction, all articles are open to the public for viewing
at no charge.
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| 11. Auction |
Each item is placed up for auction one at a time.
The auctioneer will solicit bids until the hammer price is decided.
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| 12. Payment |
We provide payment of the amount due (hammer price minus expenses
such as consignment fee and storage charges) after confirming
payment by the buyer, who has 10 days after the auction to
convey the funds.
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PAYMENT
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| Consignment
sale fee: |
10.5%
of hammer price (tax included) |
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| example: |
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| Hammer price: |
1,000,000
yen |
| Consignment sale fee: |
105,000
yen |
| Total paid to consignor: |
895,000
yen |
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OTHER CHARGES
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Storage
fee: |
0.7%
per year |
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| example: |
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| Hammer price: |
1,000,000
yen |
| Storage fee (60 days): |
1,150
yen |
| Publishing fee: |
5,000
yen - 50,000yen |
(other
expenses for repairs and appraisals) |
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