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GUARANTEES PROVIDED FROM THE PUBLIC SALE

The auction system in France (in its present form) offers more guarantees to the buyer
and seller than any other system.

GUARANTEES PROVIDED TO THE BUYER

The auction system in France (in its present form) offers more guarantees to the buyer
and seller than any other system.

The sale catalogue: The descriptions of lots, which are listed in the catalogue, engage the responsibility of the expert. The "before sale" display of lots allows the purchaser to personally assess the physical condition of the goods.

The presence of an expert at a public sale represents an additional guarantee for the buyer. Since 1985, auctioneers are no longer fully responsible for descriptions provided in the sales catalogue. In effect, the auctioneer relinguishes responsibility in matters of authenticity providing an expert assists him.

The authenticity certificate proposed by an expert is valid for 30 years.
Consequently auctioneers select an expert from among the most competent in their field of specialisation

 GUARANTEES PROVIDED TO THE SELLER

Payment:
French law states that a sale is settled at the fall of the hammer. In public auction sales the auctioneer ensures a payment guarantee to the seller.

The reserve price:
The reserve price is a minimum fixed by the seller before the sale, and is known only to the auctioneer and the expert. (If an item of furniture or other good remain unsold, the seller does not bear any expense, other than transport expenses).