中部国際オークションロゴ

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Bid&Sell

Exhibit Flow Bidding Flow

Exhibit Flow

The following is an explanation of the process from participation in the auction to delivery of the work.

step1Photo Assessment

step1

Please send us a photo of the work you wish to exhibit by e-mail or post. Please include the history of the work (how you acquired it) and its size.

step2Contract

step2

We will set the winning bid price (Estimate) for your artwork and explain other expenses. After that We will send you the registration documents.

step3Promotion

step3

In addition to the distribution of catalogs containing the products, we will handle a variety of promotional activities, including advertising in specialized magazines.

step4Preview Meeting

step4

At the preview meeting of the auction, bidders will be able to view the items in person. We are planning to hold this event overseas as well.

step5Auction

step5

On the day of the auction, the items are carefully auctioned one by one. In addition to the customers at the venue, many people bid in writing or by telephone, and a lively auction is held.

step6Settlement and return your artworks

step6

Payment will be processed within one month (bank business day) after the successful bid. For unsuccessful bids, you may choose to have the item shipped to you at your expense or pick it up directly from us.

Bidding Flow

We will explain the evaluation of the work, the contract, and the payment after the auction.

browse the catalog

The catalog will be completed about three weeks before the auction. The online catalog will also be available on our top page.

Preview Meeting

At the Preview Meeting of the auction preview held the day before the auction, all items to be sold at the auction will be displayed for you to view in advance. The color and condition of the actual items may differ from the photos in the catalog, so please be sure to check the condition yourself.

Registration

If you wish to participate in the auction, you will need to pre-register for the auction. On the day of the pre-auction viewing, you will need to present our company's recognized identification, fill out a registration form, and pay the deposit before the auction.

Participate in auctions

There are three ways to participate in our auction.

1.Come directly to the auction

Numbered paddles for the auction will be given to participants who register and pay a deposit on the day of the auction.

The auction will proceed in the order of the numbers in the catalog. The auctioneer on the stage will bid up the amount (in Japanese yen).
If you wish to bid, please raise your paddle so that the auctioneer can see it.

The bidder with the highest bid will be considered the winner.

The highest bidder each time will be considered the winner. Specifically, the winner will be the one whose paddle number is read out when the hammer strikes.

Our staff will bring you a "Winning Bid Confirmation", please check the contents and sign it.

Please note that you cannot cancel your bid after the auction. In order to ensure the smooth progress of the auction, we may refuse your entry at our own discretion.We reserve the right to refuse admission.

Absentee bidding using the "Written Request for Purchase Bid" form

We recommend that you participate in the auction at the venue on the day of the auction, but those who cannot attend the venue may participate in the auction by sending documents.

If you are unable to attend the auction, you can participate in the bidding by sending documents to the following address by fax or mail at least 10 days before the auction.

Fax to: 052-784-8614

Ouji Building 5F, 1-4-17 Ikeshita, Chikusa-ku, Nagoya, Aichi 464-0067, Japan

Bank 1:

Financial Institution Name : The Bank of Mitsubishi UFJ, Ltd.

Financial Institution Code : 0005

Branch : Kakuouzan Branch (264)

Account Type : Savings Account

Account number : 0137096

Name of account: Kabushikiya Chiyuubu Kokusai Auction Co.

Transfer bank (1) *For transfers from overseas

Bank Name : Our Bank Name in English is [MUFG BANK, LTD.]

SWIFT code/BIC code : [Our banks SWIFT code] "BOTKJPJT (8 digits)" is common to all domestic branches.

If 11 digits are required, please add X to the last three digits and enter "BOTKJPJTXXX".

Branch Name : KAKUOUZAN BRANCH

Branch Address : 9-13, KAKUOUZANTORI, CHIKUSA-KU, NAGOYA-SHI, AICHI, 464-0841, JAPAN

Payee account number : [Branch number - Account number] 264-0137096

Payee Name : Chubu International Auction

Bank 2

Financial Institution Name : Credit Union Aichi Shoginko

Financial Institution Code : 2442

Branch : Shibata Branch (009)

Account Type : Savings Account

Account number : 0151920

Account Name : Chiyuubu Kokusai Auctions, Inc.

3. Bidding by phone

If you are unable to attend the auction on the day of the event, you may bid by phone. Please complete the application at least 10 days prior to the auction.

5. payment and fees

The amount to be paid is the hammer price plus a 15% bidder's fee and a 10% consumption tax on the bidder's fee.

(Example) Sold price 1,000,000 yen

Successful bid price (hammer price) 1,000,000 yen

Buyer's commission (15%) 150,000 yen

Consumption tax on bidder's commission (10%) 15,000 yen

Amount paid (total purchase price) 1,165,000 yen

6. delivery of goods

Please pick up the purchased items after payment is completed. All transportation, insurance and other expenses after the completion of the auction shall be borne by the successful bidder.

After 7 days from the end of the auction, the successful bidder will be required to pay an insurance fee of 1,000 yen per day for each item purchased.

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