Buying from EKO auctions
Participation and registration
To take part in online auctions, all you need to do is register HERE and then authenticate your account when entering the auction.
Auction bidding and auction.
A participant in the auction may make offers:
- by written pre-tender
- via the website’s tender form
- in person in the auction room
- by phone during the auction
Bidding will be in the order of the works in the catalogue. Bidding is conducted by the auctioneer, who announces the auction work and its starting price for each work. Participants in the auction indicate their intention to buy by raising their participant number or in any other understandable way. The auctioneer confirms the last bid with three hammer blows, quotes the final price and the number of the winning bidder. In the case of equal bids, the first to bid wins.
Auction bidding steps
|50 – 1000
|1000 – 3000
|3000 – 10000
|10000 – 50000
|50000 – 100000
|100000 – …
Pre-bids and bids made via the authentication link on the website are always treated as automatic bids. A bid made orally during the auction which is higher than the step specified will be immediately considered as a normal bid at that price. The auctioneer has the exclusive right to resolve all bidding-related issues and complex situations at the auction.
The auction collection can be viewed in the EKO gallery or on the website www.eestikunstioksjonid.ee before the auction. If the auction is held outside the EKO’s galleries, the EKO will announce a preview of the works before the auction.
Purchase price and payment procedure
The purchase price is the last offer plus a 10% ‘ghost fee’. The Auctioneer will issue the buyer with a sale and purchase agreement or invoice for payment of the auction purchases by cash or bank transfer within 5 (five) days of the auction.
The Auctioneer reserves the right to withdraw any work prior to the auction, to change the order in which works are to be sold at the auction and to make any further amendments to the Auction Rules.
The Buyer undertakes to arrange for the removal of the purchased work from the Auction House within 7 (seven) working days after payment of the purchase price. In the event that the purchased work is not removed within the stipulated period, the Auctioneer and the Purchaser shall be deemed to have entered into a storage contract and the Purchaser shall be obliged to pay the Auctioneer a storage fee of 10 (ten) euros per day, unless otherwise agreed.
The buyer will be responsible for all arrangements for the removal of the purchased items (including transport, insurance), unless otherwise agreed between the buyer and the auction organiser. The purchaser is responsible for obtaining the necessary permits to take the purchased items out of the Republic of Estonia.
Works purchased at the Kuressaare Estonian Modern Art Auction will be delivered free of charge to Tallinn, Vilmsi 41. It is also possible to have the work delivered to an address in Estonia specified by the customer, in which case an agreed fee will be added depending on the address requested.