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Important notes
You are interested in the securities offered?
In the following notes you will learn – in brief - everything that’s important about the
auction. If you have any queries, then we would like you to send us an email to auktion@hwph.de. These brief notes are for your general
guidance only. In the event of a dispute, the German version of our full legally binding conditions will prevail (see Versteigerungsbedin-
gungen at page 4)
Bids in written form:
We welcome any bids, those in written form too. If you do so, please use the enclosed bid sheet for bidding. We
would like you to check your fax confirmation, when bidding by fax. When bidding by post, please consider the time for postal delivery!
Bidding Online:
We also offer online bidding. For that, you have to register with www.artfact.com. You also have to register at artfact.
com for each single auction. If you do so, you are able to to follow the auction in real time and to place bids during our auction. There
will be an additional 3 % (plus VAT) Buyers‘s Premium charged for lots won on Artfact.
Bidding Increments:
From Euro 1 to 10:
Euro 1
From Euro 10 to 30:
Euro 2
From Euro 30 to 100:
Euro 5
From Euro 100 to 300:
Euro 10
From Euro 300 to 1,000:
Euro 25
From Euro 1,000 to 2000:
Euro 50
From Euro 2,000 to 5,000:
Euro 100
From Euro 5,000 to 25,000:
Euro 500
From Euro 25,000 to 50,000:
Euro 1,000
Above Euro 50,000:
Euro 2,000
Absentee bidding procedure:
Please state your lot number, lot name and your maximum bid (in euros). Your bids will be dealt with on
a discretionary basis. For example: If the start price of a lot is Euro 100, you are bidding Euro 200 and there is no other bidder, then you
will receive the lot for Euro 100 plus our charges. In contrast, if there’s another bidder who bids e.g. Euro 130, then you’ll receive the lot at
the next bid step, that is for Euro 140.
The prices stated in the lot descriptions are all minimum prices. It is not permitted to bid less.
Buyers' premium:
The buyer's premium amounts to 15 % of the hammer price up to Euro 5,000, 10% on the next Euro 5,000 and 5%
on any excess over Euro 10,000 (per lot!). Then we have to add VAT (value added tax) at 19 % of the buyer's premium. This way the
maximum charge amounts to 17.85 %.
Deadlines for submitting the bids:
Written bids for the 27th Public Auction must reach us by Friday, 9 November 2012, noon German time.
Please submit your bids in time. Bids after the deadline will not be accepted for the auction, only for the after sale.
Place and times of the auction:
The 27th Public Auction will take place on November 10th, 2012 in Würzburg, Barockhäuser, Neubau-
straße 12, start at 11 a.m. The auction lots can be viewed from 9 a.m. on Saturday, onwards. End of the auction will be at about 6.00 p.m.
List of results:
Shortly after the end of the auction the list of results will be published on the net at www.hwph.de. The list of results will
be sent to all bidders.
Payment:
After the end of the auction we will send you the invoices for your purchases. For international bidders the payment is easy.
Clients from the eurozone countries can remit their payments to our international bank account. For clients from non-euro countries we
additionally offer the following payment possibilities:
Amounts up to Euro 150:
Please send your money in cash by registered mail or remit it to our PayPal account at auktion@hwph.de.
Amounts over Euro 150:
Please send a cheque in one of the major currencies (Euro, US$, GB£, SFR, Yen). Please convert the invoice
amount by means of the daily exchange rate.
Despatch:
Despatch will only be done after receipt of payment. We ship worldwide for Euro 6 plus 19 % VAT = Euro 7.14!