Terms of sale

At Curio srl, it is possible to request a completely free valuation of pieces that you want to put on sale through Online Auction or through Auction Shop.  It is also possible to send pictures of pieces to be sold, together with all relevant information for assessment, to ask our experts for an indicative estimate.

Curio srl does not charge for analysis and estimates for pieces intended for inclusion in their auction sales.  They are able to perform appraisals on jewellery and watches. They may propose to a customer eventual gemological analysis for majors gems in their possession, using collaborators accredited in the field.

Should a person decide to sell a piece estimated by Curio srl at one of their auctions, they must complete a Sale Mandate, where there will be a list of the objects, prices, commission and any costs for insurance, photography and transport.  An identification document must be provided and a tax code for the annotation on the P.S. registry, kept at the Curio srl offices.  The Sale Mandate is with representation, therefore, Curio srl does not replace the principal in dealings with third parties.  The parties responsible for the issuance of the invoice will receive, together with statements, a list of the names of buyers in order to proceed to invoicing.

The reserve price is the minimum amount, before commission under which the consigned piece cannot be sold.  The aforementioned amount is agreed between the client and Curio srl, therefore it is reserved between these two parties.  If the reserve is not reached during the sale, the lot will be unsold.  

On the sold lots, Curio srl will apply a commission at 12.50%, plus VAT, and insurance, both which will be deducted from the proceeds.

When selling figurative artworks or manuscripts through the Auction or the Auction Shop, the Diritto di Seguito, or Droit de Suite, Legislative Decree n. 118 of 13 February 2006 is due.  This is a fee corresponding to a percentage of the sale price on the occasion of the sale subsequent to the first transfer, that is the right of the author, and/or heirs, of figurative artworks and manuscripts.  This sum is paid by the seller and is due for all subsequent transactions in which they participate as the seller, buyer, or intermediary.

This payment is due if the sale price is not less than 3.000,00 euro and is determined as follows:

  1. 4% for the portion of the sale price between 3.000 and 50.000 euro. 
  2. 3% for the portion of the sale price between 50.000,01 and 200.000 euro.
  3. 1% for the portion of the sale price between 200.000,01 and 350.000 euro. 
  4. 0,5% for the portion of the sale price between 350.000,01 and 500.000 euro.
  5. 0,25% for the portion of the sale price above 500.000.
  6.  

Curio srl is required to pay the Droit de Suite on behalf of the sellers to the Società italiana degli autori ed editori (SIAE).

Before the start of the Online Auction the Principal will receive a report with a list of his/her pieces included in the sale, with the corresponding lots numbers, the respective reserves and/or the sale price before fees.  On completion of the auction, the Principal will receive a list of the works with their outcome.  The unsold lots can be collected or, in agreement with our experts, included in subsequent auctions.  For Auction Shop, the amount of time for the piece to be in the auction will be agreed and made in accordance with needs and wishes, agreed at the time of signing the Seller’s Mandate.

After sixty dates from the date of the Online Auction or the Auction Shop, or in the case of an auction at the offices of Curio srl, always after having finished the work collection, we will settle with the client, with the issuance of a report containing detailed fees and other previously agreed expenses.