Auction Rules

Bidding Methods
Bids may be placed in person during the event, online, through the SNOUF app, or via written bids (absentee bids / bids by proxy).

Reserve Price
The reserve price is the minimum price agreed upon between the seller and the auction house. If the reserve price is not reached, the artwork will remain unsold. In this case, the auction will reopen for an additional month, starting again from the same starting bid.

Buyer’s Premium
No buyer’s premium will be applied in this auction.

Artist’s Resale Right (Droit de Suite)
A percentage royalty payable to living artists or their heirs, in accordance with applicable regulations.

Payment
Payment must be completed within 7 days from the auction closing date, via bank transfer, with the corresponding invoice or receipt issued. In case of non-payment, a penalty equal to 20% of the winning bid may be applied, or the sale may be cancelled.

Allocation of Proceeds
All proceeds from the auction will be donated to designated charitable organizations.

Duration
The auction will close on the 30th day following the end of the event.

LOT 1 – Artwork by Filippo Manfroni (painting)
Item Value
Starting Bid 1.000 €
Minimum Bid Increment 50 €
Reserve Price 6.000 €
Gallery Value 11.000 €
Flash Bid
(Immediate Closing Price)
8.500 €
LOT 2 – Lamp by 03 Studio
Item Value
Starting Bid 1.000 €
Minimum Bid Increment 50 €
Reserve Price 8.000 €
Gallery Value 12.500 €
Flash Bid
(Immediate Closing Price)
9.500 €
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