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Hotel Drouot
Auction sales For more than four centuries, the French tradition of public auction house sales of fine furnishings has been offering unique guarantees in the professional world and security in transactions. The bids are called public because they are accessible to all: whether as a spectator, a bidder or a buyer. Through the auction sale the "just price" of an object can be reached, thanks to the transparent and public confrontation of offers and demands. This equally gives a unique opportunity to discover the art market and to learn how to look at objects.
DID YOU KNOW?
The practice of holding auction sales dates back
to Roman antiquity;
when they were managed
by an auctionator.
Auction sales Hotel Drouot
Voluntary and Judicial sales.
The law of 10 July 2000 outlining the regulations from voluntary sales of furniture to public sales distinguishes between two types of sales, both with differing judiciary systems:

- Voluntary sales, from the free decision of a person to sell all or part of his goods, conducted by a qualified auctioneer. ;
- Judicial sales, required by law or the decision of a judge, carried out by a judicial auctioneer.
The auctioneer Commissaire-priseur
Operator for public voluntary sales & Judicial auctioneer. Voluntary sales are managed by an operator for public voluntary sales of furniture, whose activity is conditioned by the law of 20 July 2011; conditions of qualification and suitability must be met according to the judgement of the Council for auction sales.

The judicial auctioneer conducts judicial sales. Ministerial officer, he is named by decree of the Lord Chancellor and depends on the Chambre Nationale des Commis¬saires-Priseurs Judiciaires.
The judicial auctioneer is equally able to make valuations and draw up inventories in preparation for insurance.

Public auction sales transactions have a very high level of security and transparence thanks to the training required to manage sales, the five-year guarantee for the operator's responsibility as well as the five-year guarantee of authenticity attached to the adjudicated object.
Estimates Enchere_estimation
The free estimation service Drouot. Highly experienced within the field of the international art market, the auctioneers at Drouot are skilled representatives who can give detailed and objective information on an object in full confidentiality. They are authorised to value objects and give an estimate. They can draw up an inventory in preparation for a sale, an inheritance, a division or insurance. This inventory is a genuine directory of movable assets, including their description (era, provenance, technique, bibliographic and visual references...) and evaluation.

The Drouot auctioneers are also available for advice on managing movable assets.

If you wish to obtain an estimate of an object you own, you can contact one of Drouot's voluntary sales companies.

You can also get a first opinion from a photo sent by post of mail, or make an appointment by telephone to arrange for an estimate at your home (prices on request).
Selling at Drouot Ventes Encheres
Estimate, sales order, fees. To sell an item or a work of art at auction, simply contact one of Drouot's voluntary sales companies.

The estimate
The auctioneer gives an initial estimate and then seeks to identify the object and determine, on the basis of current knowledge, its quality with regard to its nature, its geographic origin and its era. He then advices the client on how to put it up for sale, in function of the market, and informs them of the conditions of sale

The sales order
This is a question of a mandate contract through which the client charges the auctioneer the objects he wishes to sell. This written convention is carried out in total transparence and confidentiality. The requisition lists the seller's identity, the type of sale (catalogued or not) in which the object will be included, the reserve price as well as the fees, laws and taxes which the seller will have to pay.

The fees.
The costs borne by the seller are fixed by a mutual agreement between the auctioneer and the client. These costs include the payment for the proposed service plus the expenditure incurred by the sale (expert advice, the catalogue, advertising).
Buying at Drouot Ventes Encheres Acheter
Public viewing, sale, payment. The catalogue of sale gives essential information about the object: its description, characteristics, date, condition and provenance. The catalogue also lists the legal conditions of sale; it is advised to take a look at it before bidding. The catalogues can be viewed at Drouot, on www.drouot.com and on the internet sites of the auctioneers.

Public viewing
These exhibitions takes place the day before the sale from 11am to 6pm and the morning of the sale 11am to 12pm. The auctioneers and their team are at the public's disposition to answer any questions about the objects and to give estimates. The public viewing allows the public to see the condition of objects up for sale.
A virtual visit of Drouot's rooms is also available the day before the sale from 11am onwards

The sale
In order to bid during a sale, a gesture of the hand to the attention of the auctioneer signals your bid. In this case, the amount of the bid is left to his judgement. To place a bid of a specific amount, it is recommended to announce this aloud. The blow of the "adjudicated" hammer transfers ownership of the item to the highest bidder. The sale crier hands out a label allowing the bidder, after payment to the voluntary sales companies, to take possession of the bought item. In a voluntary sale, the sale price is the hammer price plus the fees fixed by the auctioneers.
These are independent and non-negotiable. The fees total is indicated in the catalogue and announced at the start of the sale; it sometimes gradually decreases. An absentee bid can be handed over to the auctioneer or his associates during the viewing. This allows the auctioneer to represent every absent person at the moment of the sale and to buy an item in their place under the best possible conditions. It is equally possible, on request, to place bids by telephone during the session and also upon inscription to bid online.

Payment
Payment can be made in either cash, cheque or credit card. At the moment the payment is made, you will be issued with a bill of sale allowing, together with the label to collect the object.
Payment in cash is accepted of up to €1,000 for individual or professional buyers residing in France, and for professional buyers from outside of France; for individual buyers residing outside of France, the upper limit is €10,000, upon presentation of written proof. In the case of payment by cheque, collection of the bought item can only happen after the cheque has been cashed or upon presentation of guarantees provided by the buyer.
After-sales service Ventes Encheres Acheter
Storage, packing service, transport.All purchases made during a sale are available after payment. With the bill of sale and the sales label, the buyer can take the acquired object without additional costs, in the sales storage room that very night before 6pm or the following morning before 10am (or in the case of sales taking place on Saturday, on the Monday morning before 10am)

Storage
From 10am the day after the sale, the objects are placed into our storage room. The costs of storing these are calculated in proportion to the duration they are held, their size and amount they were sold for.
All about storage

Packing service
A free packing service for objects is offered at Drouot Richelieu from 2pm to 6pm.
All about packing service

Transport Drouot-Géodis
Drouot offers all-inclusive transport services to its buyers. A team of specialists is dedicated to daily deliveries in Paris and the Parisian region. Drouot can equally assure deliveries in the provinces or on an international scale. Delivery by post is proposed for larger objects.
All about Transport Drouot-Géodis