How to Purchase Artwork Through Consignor Canadian Fine Art
Consignor Canadian Fine Art provides a robust and proprietary bidding platform that makes it simple to register and bid from any internet connected mobile device or computer.
All auctions are active for a determined period of time.
Consignor auctions are scheduled with a start date and time, as well as an end date and time. Full cataloguing and valuation details, as well as images of each lot are available up to ten business days prior to the commencement of an auction.
Buyer’s Premium and Sales Tax.
A Buyer’s Premium of 15% is applicable on all purchases completed through Consignor auctions. The 15% is added to the hammer price. All sales are subject to applicable sales tax, depending on delivery or pick up location of an item, and/or the tax status of the buyer.
Sales are secured by means of a 10% deposit at time of purchase.
Once a lot is sold, a 10% deposit based on the hammer price (up to a maximum of $10,000) is charged to the provided credit card number in order to secure the purchase.
Conditions of Sale.
While the information here provides general details regarding participation in Consignor Canadian Fine Art auctions, please refer to the conditions of sale for detailed information regarding the purchasing terms.
How to bid on a lot
Submit a bid.
Registered bidders are provided the option to place a bid by clicking on the “Bid Now” button found on the listing page for each lot. Bids progress under predefined auction increments. Click here to register.
Set a maximum bid.
A bidder may also set a maximum bid. When this occurs, our system will automatically bid on your behalf ("Auto-bid") until your defined maximum amount is reached. Please note: Maximum bids can only be set at the next bid increment from the current bidding level and then every second bid increment from that point, accounting for challenge bids from other participants in the auction. As well, if you wish to increase your maximum bid, the system will only allow increases set at every second bid increment from your current maximum bid level.
Bidding begins at the reserve price and advances at the following increments:
Bidding Range Increment $100 - $500 $25.00 $500 - $1,000 $50.00 $1,000 - $5,000 $200.00 $5,000 - $10,000 $500.00 $10,000 - $20,000 $1,000.00 $20,000 - $50,000 $2,000.00 $50,000 - $100,000 $5,000.00 $100,000+ $10,000.00
Bid Closing / Bid Extensions.
If a bid is received in the final four minutes leading to the close of bidding on a lot, the bidding close will then reset to a four-minute period. If a bid is received within that four minutes, the bidding will again reset to a four-minute bidding period. This process will continue until there is no bidding activity with an extended four-minute period, closing that particular lot and awarding it to the current highest bidder.