LOT OF LOTS – is the first online- offline auction house in Russia, offering the photographs of established and emerging Russian artists. The auction house was founded by ZERNO photo gallery, in St.Petersburg, which professional expertise and experience are evident in the events and exhibitions and a superior level of individualized client service.
Lot of lots is the destination for international collectors to buy the most important pieces of contemporary photography of Russia.
Terms and Conditions
HOW TO BUY
LOT OF LOTS – is online auction which ends with the online-offline session («room auction»).
Currently, in connection with the COVID-19 pandemic, LOT OF LOTS auction only works in ONLINE format
To bid online, create an account or login.
This is a Proxy auction. This means that the final price is formed during the auction from the last
maximum price offered by one of the buyers at the time the auction ends. This buyer is the winner.
You can bid with the minimum bid increment or place automatic bid by entering your max bid value for a lot. If you are the winner when using the automatic bid, you pay the price of the second highest bid (depending on the auction step), and not the maximum bid that you placed. The maximum bid value is hidden from other bidders until it is reached.
To bid in an auction you will not be attending, please complete the form for absentee bidding at least 24 hours before the sale. For absentee bids, lot of lots will bid on your behalf and attempt to purchase the lot for you at the lowest price, allowing for other bids and reserves, up to your pre-submitted maximum bid. Bid now!
CONDITIONS OF SALES:
– Before room auction starts: You may place a preliminary bid. Enter your maximum bid value and click Bid button. Your current bid will be visible to room bidders and to online bidders as well.
– After room auction starts: Place bid by clicking Bid button or place automatic bid by entering your max bid value.
– Reserve price
Some lots may be listed with reserve price, if it will not be reached the lot will not be sold.
– Buyer’s premium
Lot of lots charges the successful bidder the buyer’s premium – 10% on hammer price of each lot sold. The buyer’s premium is payable by the buyer as part of the total purchase price.
The buyer pays for the purchased lots in rubles at the exchange rate of the Central Bank of Russia on the day of the auction.
The winning bidder must provide payment to the auction house by money transfer within 5 days from the date of the auction. If the winning bidder refuses to pay for the purchased lot, he must pay the auction fee.
Lots cannot be collected until payment has cleared and charges have been paid.
The auction house is ready to assist in the delivery of artworks to the bidder at his/her expense. See more information.
Questions about the Terms of Service should be sent to us via contact page.