What is an auction?
During an auction certain items are offered for sale. The exact purchase price is not fixed previously but potential customers are able to place bids based on a fixed start price (minimum price).
Zemanek-Münster conducts classic auctions in the sales room with or without an online live bidding system, as well as internet time auctions, so-called timed online auctions.
In classic auctions (with or without live online bidding system) the contract of sale is concluded by the auctioneer's knock-down to the highest bidder after three calls.
In the case of timed online auctions, a contract for the purchase of the item is concluded between the auctioneer and the highest bidder after the deadline has expired.
The procedures and rules are subject to the law and they are listed in the ‚Versteigerungsverordnung‘ and the terms and conditions of sale; they are displayed at the auction house and printed in the catalogue as well as online.
Is everyone allowed to participate in an auction?
Auctions are public, but the bidders must be contractually capable and the auctioneer has the right to exclude individuals.
Is there an entrance fee?
Generally no entrance fee will be charged. At some special auctions it is occasionally required to purchase a catalogue.
Is there any dress code?
No, there are no standards regarding dress.