Regulation of the Auction

ARTSLIMIT, S.R.O. AUCTION NOTICE FOR THE AUCTION

“CHARITY AUCTION FOR THE FOUNDATION SPOLU S ODVAHOU

 (member of Bátor Tábor Family)”

 

  1. Artslimit, s.r.o., Prague 6, Patočkova 5, ID: 09048006, VAT number: CZ09048006, (hereinafter “Artslimit”) conducts the Auction at the request of the Foundation Spolu s Odvahou (member of Bátor Tábor Family), ID: 28996542, headquartered at: Žižkova 403/20, Mladá Boleslav III, 293 01 Mladá Boleslav (hereinafter referred to as the “Organiser“), in the “Own Auction” mode according to its Terms and Conditions.
  2. This Auction Notice regulates the special rules of the auction “CHARITY AUCTION FOR THE FOUNDATION SPOLU S ODVAHOU” (hereinafter referred to as the “Auction“). Legal relations related to the Auction are governed by the Organiser’s terms and conditions described in this notice.
  3. The bidding phase runs from 29th September at 10 AM and closes at 7 PM on 15th October 2024, the Live auction begins on 15th October 2024 at 8:30 PM on the website: artslimit.com (hereinafter referred to as the “Website“).
  4. All offered lots at the Auction are published on the Website in the Auction section. The auction starts on the date and time indicated on the Website, where the starting prices of the lots and their order according to the catalog number are indicated.
  5. The auction is accessible only to registered Users. Act No. 26/2000 Coll., on public auctions, does not apply to the Auction. Artslimit is entitled to refuse the participation of any User in the Auction without giving any reason; there is no legal right to register or participate in the Auction. Artslimit is entitled to require the deposit of a security as a condition for the User’s participation in the Auction. The amount of the security then amounts to 20% of the Starting Price of the respective lot, unless otherwise stated on the Website.
  6. The minimum bid increments are as follows:

 

  1. 5,000 CZK, if the last bid amount is less than 100,000 CZK,
  2. 10,000 CZK, if the last bid amount is at least 100,000 CZK, but less than 500,000 CZK,
  3. 50,000 CZK, if the last bid amount is at least 500,000 CZK, but less than 1,000,000 CZK,
  4. 100,000 CZK, if the last bid amount is at least 1,000,000 CZK, and more.

 

  1. The order of Bids and limits is decided by the order of their registration and the person authorised by the Organiser (auctioneer).
  2. The exhibition of auctioned works will take place at Kunsthalle Praha, Klárov 5, Prague 1 from 9-15 October 2024.
  3. Artslimit will provide the list of winning bidders to the Organiser after the end of the Auction. The organiser will contact the winning bidders about the method of payment and collection of the lot(s) and will provide a complete after-sale service.

For further questions, please contact:

Ms. Katarína Koščíková

email: k.koscikova@spolusodvahou.cz tel.: +420 734 766 055

  1. The winning bidders acknowledge that after the end of the Auction, the given Sold (Purchased) lot(s) is (are) not covered by any Artslimit insurance and in the event of damage to the given Sold (Purchased) lot(s), they understand this.
  2. The achieved price consists of the selling price of the work and the remaining amount, which represents the bidder’s gift to the Organiser. After proper and full payment of the achieved price, the seller issues a tax receipt for the sale price to the respective bidder and the Organiser a donation receipt for the remaining amount, which is the difference between the auctioned price and the sale price.
  3. Payment for the purchased lots is possible by card at the place of the auction or by bank transfer to the account of the Bátor Tábor Czech Republic Foundation held at Komerční banka: 43-6195580267/0100 (IBAN: CZ620100000043619558026). Payment in cash is not possible.
  4. By registering, users participating in the Auction agree to be bound by this Auction Notice and the Terms and Conditions of Artslimit. In case of any dispute, the jurisdiction of the courts of the Czech Republic is determined.