Auction always looks forward to receiving items on consignment:
please feel free to contact us at any time. Any information
that you provide will be treated in strictest confidence.
1. Consultation and Valuation
If you have an artwork that you are considering selling
on consignment, please send us details of it* by mail, fax,
or e-mail complete with a photograph or image. Upon verifying
the nature and condition of the piece, we will consult with
you about its provisional valuation and consignment terms.
Valuations are free, so please do not hesitate to inquire.
*Just as much as you know about the piece: artist, title, medium,
dimensions, year executed, raisonne number, edition, signature
or seal, inscription on accompanying box case, seal of authenticity,
whether or not it is accompanied by a certificate of authenticity,
of Your Piece
After notifying you of the provisional valuation, we will
ask you to leave the piece with us for inspection. The cost
of shipping and packaging is borne by you. Depending on the
nature of the piece, and how many pieces you have in total,
we may need to consult with you specifically about method
of shipping. After inspecting the piece directly, we will
present you with a current estimate of its auction value
based on our own valuation.
If an appraisal is required, we will execute
the necessary procedures on your behalf. You will be charged
for the appraisal at cost. The piece cannot be consigned
if it fails to be authenticated by an authentication committee,
any designated registration committee of a professional arts
association, any designated appraiser, or any professional
art researcher. Please note that even in that case, it will
still be your responsibility to pay the appraisal costs.
3. Sales Consignment Agreement
Upon agreeing to the final estimate, the reserve, and the rest of the consignment
terms, you may decide to consign your piece, at which point a sales consignment
agreement will be concluded with you. Please note that the agreement cannot
be canceled once signed. The piece will, until auctioned off and delivered
to the purchaser, be carefully kept in our safekeeping at a place of storage
designated by us and under insurance coverage. The cost of that insurance is
borne by you.
4. Production of the Catalogue, and Catalogue Illustration
Each time an auction is to be held,
a catalogue is produced containing information on and photographs
of all the consigned properties; this is sent out to subscribers
both in Japan and abroad some twenty days before the auction.
You will be charged an illustration fee of between 5,250
yen and a maximum of 31,500 yen per piece. The illustration
fee for each piece, the size of the photograph, and the
page layout are all determined by our staff.
5. Promotional Activities
Every effort is made to advertise the pieces up for auction
in advance to art collectors and individuals who are unable
to attend the auction or visit the pre-auction viewing.
Press releases are issued to art magazines and other media,
for example, and ads placed with them.
6. Pre-Auction Viewing
Before each auction, a pre-auction viewing is held where
all properties are put on display for our clients to view
directly. Our specialists are on hand to explain and promote
7. The Auction
Properties are auctioned one at a time
in the order in which they appear in the catalogue, being
knocked down to the highest bidder. You will be notified
in writing of the results after the auction.
As long as receipt of payment from the successful bidder
has been confirmed, payment will be sent to your account
by bank remittance twenty days after the auction, after
subtracting the commission fee and consumption tax thereon,
the catalogue illustration fee, the cost of insurance, and
any other expenses incurred on your behalf (restoration
costs, appraisal fees, shipping, etc.). Please note however
that in case of a delay in receipt of payment from the
successful bidder, only once receipt of payment is confirmed
will you be paid.
9. Return of Unsold Pieces
Unless otherwise instructed in advance, we will send unsold
pieces back to your registered address within twenty days
of the auction via a shipping company designated by us.
All associated shipping, packaging, and insurance costs
will be borne by you. If you are going to pick up the piece
in person, please advise us in advance. If you wish to
consign the piece again or put it up for post-auction or
private sales, please consult with us.
10. If an Auctioned Piece Turns Out to Be a Forgery
This is an arrangement whereby you receive
payment, based on the estimate, in advance of the auction
date. The amount paid and other terms are decided after separate
discussion; please consult with us for details.
Besides auctioning pieces on consignment,
we also handle private sales. Under this arrangement you
provide us with information on the piece or leave the piece
itself with us, and we broker its sale without putting it
up for auction. Please consult with us about this option
if you have a piece that you do not wish to consign to auction.
If, within five years of the date of the auction,
a consigned piece is determined to be a forgery, the sales
consignment agreement between you and Mallet Japan will be
terminated. If we have not yet remitted payment to you, we
will simply return the piece in question. If we have completed
payment to you, you will be asked to refund that amount in
full, after which we will return the piece in question.
If you wish to convert a piece to
instant cash without consigning it for auction, we may
buy it from you. Please feel free to consult with us about
purchase price and other terms.