1. By participating in the auction, the Buyer accepts the terms and conditions of the auction set forth without reservation.

2. The Auctioneer always acts on behalf of the seller. The Auctioneer directs and decides on the consecutive biddings for each lot, has the right to refuse bids smaller or higher than those he proposed by him.

3. The Auctioneer at his discretion has the right to refuse entry or participation in the auction of any individual as well as the right to withdraw from the auction at any time any lot.

4. A Buyer is considered to be the bidder who accepts the highest price offered by the Auctioneer and to whom the Auctioneer close the lot on. Offers from persons not attending the sale are accepted by the Auctioneer either in writing or by telephone during the conduct of the auction and under the condition that the bidder’s personal information as completed in the “Written Offer” from are accurate and correct at least 24 hours prior to the start of the sale.

5. Each work is sold “as is”. The Auctioneer and his agent / associates bear no responsibility for any possible defects, imperfections, damages or wear and tear on a work. All statements made in the catalogue as to the provenance, dating, authenticity and estimate of a work are to the best of knowledge and does not imply or create ultimate responsibility for the Auctioneer or his agents / associates. A Buyer has the right to return a work within three (3) years of its purchase if it can be reasonably proved that it is a counterfeit or fake. In such case, the Auctioneer agrees to return to the buyer the amount paid (including commission and VAT). Conditions of accepting the work are that it has not been resold to a third party, it is the same condition as it was when it was originally purchased from the Auctioneer, and there are no notes or mentions in the auction catalogue disputing its authenticity.

6. Each work is considered in good faith by the Auctioneer to be the property and ownership of the seller, who in turn guarantees that the work is free from any legal claim or demands by others.
The works can be collected once payment in full is settled from the sales office beginning the day after the auction. The buyer is required to settle his account and collect his purchase within seven days of the auction.

7. In the event the buyer refuses or is unable to settle his accounts and collect his purchase within 30days of the auction date, the Auctioneer has the right to a) initiate legal action against the buyer demanding payment in full, b) dispose of the work through a private sale or auction, and c) demand compensation for any damages incurred due to the buyer’s inability to fulfill his obligations.

8. For all sales the following rates of Buyers Premium will be payable by Buyers of Lots:
15% from
0 to 25.000 of the Hammer Price
10% from
25.001 to 50.000 of the Hammer Price
5% from
50.001 and above.
All the sums payable to us by the Buyer are subject to 19% VAT.

Lots with symbol (*) 19% VAT is added on the hummer price as a buyer's premium plus 19% VAT on it and also 19% VAT on the buyer's premium.

How to Buy at Psatharis Auctions
How to find out about Psatharis sales
This step by step guide to buying at Psatharis is designed to help answer any questions you might have about how to buy at Psatharis.
The first step to buying at Psatharis is to find out when and where sales are being held.
Sales Diary
If you would like to be sent a sales diary please email subscriptions.
Catalogues can be obtained from our catalogue subscriptions page. You can contact us for a catalogue on +357 24621109 or +357 99564131
or email us at psatharisauctions@cytanet.com.cy
Alternatively you can view our listed catalogues online in our website.
On the Internet.
A full sale calendar of all scheduled forthcoming sales can be found on www.psatharis-auctions.com.cy by using the menu at the top of the page. Click on the “calendar” or “current auction” or on the “results buttons”.
Condition reports.
Once you have found an item you are interested in bidding for you can obtain a condition report from our office by emailing or telephoning us.
Buying at auction
Registering to bid
Once you have established that you want to bid on an item you need to register with Psatharis Auctions.
Like many auctions houses, Psatharis Auctions operates its sales using a paddle bidding system. If you wish to bid you must register before the sale, providing  your name and address, and proof of identity and residence, for example your passport or driving license or identity card. In exchange, you are given a paddle - a card printed with your personal number for the sale.
At the end of the sale, or when you have finished bidding, please return your paddle to the registration desk.
Once you have registered for a sale you are ready to bid. There are a number of ways that you can bid for an item at auction.
Attending the sale.
You will be issued with a paddle when you register at the sale and you must show this to the auctioneer, by raising it, when you wish to bid on a lot. If you are successful in your bidding the auctioneer will make a note of your paddle number and you can proceed to the cashier for payment. If you would like to bid on further lots in the sale you can pay for all your items at the end of the sale. If you pay with cash you can take your items away immediately. If you pay by credit card you will liable to a surcharge and you can take your items away immediately. If you pay by check you must wait until the check has cleared before you can pick up your items.
Bidding over the telephone
This is particularly appropriate if you want to place your own bids on a specific lot even though you cannot attend the sale yourself. Telephone bids must be booked in advance with us.  You will also be asked to complete a Telephone Bid Form in the usual way, providing proof of identity and your contact telephone and fax numbers.

Visit the website: www.psatharis-auctions.com.cy
Go to “place bid”
Click on print “Telephone Bid Form”

Alternatively, you may telephone your bid through to the saleroom Bids Office, but we must receive written confirmation from you - either by fax or post- at least 24 hours before the start of the auction. If we receive two bids of equal value, preference is given to the bid that arrives first

On the day of the sale, our representative will telephone you about ten lots before your lot comes under the hammer. When this happens, you will be talked through the bidding and asked at each stage if you wish to continue - either until you are successful or until you choose to cease bidding.
Absentee Bid Form
We are happy to undertake placing of absentee bids on your behalf. This means that, with your written permission, we act as your representative to secure an item for you at the lowest possible price. You simply complete an Absentee Bid Form (Which you will find printed in the appropriate sale catalogue, or which can be obtained from our office), giving your price limit for any specific lot. This should be the maximum hammer price that you are prepared to pay, remembering to take into the additional 15% buyer’s premium and 19% VAT on buyer’s premium. You will be required to provide your credit / debit card details, proof of identity and residence if you are registering for the sale.

Alternatively, you may telephone your bid through to the saleroom Bids Office, but we must receive written confirmation from you - either by fax or post- at least 24 hours before the start of the auction. If we receive two bids of equal value, preference is given to the bid that arrives first.

On the day of the sale, please check whether your bid has been successful by telephoning us an hour or so after the end of the sale. Otherwise, a successful bid is confirm by invoice. You must ensure that Psatharis Auctions has cleared payment prior to you collection your lot.
Registering to leave an absentee bid on the internet.
First you need to registered with Psatharis Auctions.
Go to “place bid”
Click on “absentee form”
Complete the form and post / email it back to us.
You are now ready to bid
After the sale
To find out if you have been successful in your bidding please look at the online results that will be published after the sale Click on  ‘results’ to go to the results page.

The price you pay is the amount at which the auctioneer’s hammer falls (the hammer price), plus 15% on the buyer’s premium and VAT 19% on buyer’s premium where applicable. You are issued with an invoice made out to the name and address on your Registration Form, which may not be subsequently altered. The invoice breaks down these cost elements. Full details of charges and rates can be found in the ‘Conditions of Sale’ and ‘Important Notices’ printed in each catalogue.

Method of Payment
Euro cash / check to be drawn on a Cyprus bank and made payable to ‘Psatharis Auctions Limited’. If payment is made by post, please enclose the tear-off slip from your invoice. Checks drawn by third parties cannot be accepted.

Collection / Delivery
We are happy to assist with delivery and will provide a quote to do so. We can arrange for your goods to be delivered to you, once we have received your written dispatch instructions and full payment, including shipping costs. For international deliveries an export license may be required.

Please contact us for further information.

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Psatharis Auctions