Buying wine at auction / Bidding

 

The auctions are held live at our sale rooms at Pfingstweidstrasse 6, 8005 Zurich, Switzerland.

Interested purchasers can either bid at the auctions at they take place or provide us with written details of their maximum bidding prices in writing by midnight on the Thursday preceding the auction. Later bids than this can not be accepted.


Absentee bidding instructions example

Late bids

Auction process
The auctioneer starts the bidding one increment above the second-highest written bid. If no written bids have been received, the starting price is generally 10-20% below the lower estimate price. 

 

Bidding takes place in the following steps:

Starting price

Bidding increment

CHF 0 - 99

CHF 5

CHF 100 - 199

CHF 10

CHF 200 - 999

CHF 20

CHF 1,000 - 1,999

CHF 50

CHF 2,000 - 9,999

CHF 100

CHF 10,000 - 20,000

CHF 200

Above CHF 20,000

CHF 500

 

Anyone wishing to outbid the price called by the auctioneer is requested to hold up their bidding number clearly and visibly. After calling out the highest bid three times, the auctioneer will award the sale to the highest bidder.

New: Due to an adjustment of our auction conditions to January 1, 2019, no VAT will be charged on the wines, unless they are explicitly marked. 

In addition to the hammer price, the buyer has to pay a premium of 12% and a lot fee of CHF 10.- per catalog number. The additional costs (commission, lot fee, shipping costs) are subject to VAT at the rate of 7.7%. Lots subject to VAT are marked with a * in the catalog. Only with these marked Lots the value added tax is to be paid also on the wine.


Wines purchased at auction may be taken away immediately after payment, or a few days later on presentation of a payment receipt. We accept payment in cash, by Postcard debit card, EC-Direct debit card and Swiss franc (CHF) payment transfer. Credit cards are not accepted.

Lots not sold at auction may be purchased at the defined minimum price (1 bidding increment above the auction starting price) until 12 noon on the Thursday following the auction. Such purchases are subject to the same terms as those applying to wines sold at auction.