Fondation Beyeler Summer Night’s Gala: A Benefit Auction for Fondation Beyeler 2018
15 SEPTEMBER, 2018 (BASEL, SWITZERLAND)
It is with great pleasure that Fondation Beyeler present the works of art for their 2018 Benefit Auction at their Summer Night’s Gala. Once again, these collector’s items have been donated by internationally acclaimed artists, collectors and galleries with whom Fondation Beyeler enjoys a close working relationship. They are joined by some much sought-after Art Editions from the Fondation Beyeler Art Shop.
The benefit auction gives you the opportunity to purchase some very special works of art and at the same time to support Fondation Beyeler’s ambitious program of world-class exhibitions, which affords large numbers of people an unforgettable experience of art.
Thank you for your support.
TERMS AND CONDITIONS
Making a bid within the auction will be construed as a binding offer. The bidder remains bound to his bid until it is either outbid or expressly rejected by the auctioneer. All items sold within the framework of the auction are subject to value added tax at the Swiss rate of 7.7%, which will be added to the hammer price (incl. VAT hereinafter referred to as the “Purchase Price”).
Acceptance of Bid
Provided that the bid equals or exceeds the reserve price, the item under the hammer shall be knocked down to the highest bidder (the “Buyer”) in Swiss francs as acknowledged by the auctioneer within the framework of the auction. The fall of the auctioneer’s hammer constitutes a purchase agreement between Beyeler Museum AG and the Buyer.
Passing of Title
The title in the auctioned object passes to the Buyer as soon as the Purchase Price (incl. VAT) has been paid in full and Beyeler Museum AG has matched this payment to the corresponding object.
Payment, Collection and Insurance
The Purchase Price (incl. VAT) may be paid directly in the Art Shop or else by invoice within 7 days. The storage company KRAFT E.L.S. AG will endeavor to contact the Buyer within 7 days of the auction in order to arrange delivery and payment of same. Items purchased at the auction must be delivered or shipped by KRAFT E.L.S. AG within 14 days of the auction and at the Buyer’s own expense. Alternatively, the Buyer may collect his purchased items within 14 days of the auction, by prior appointment and at the Buyer’s own expense, from KRAFT E.L.S. AG, Exhibition Logistics Services, Florenzstrasse 5–9, CH-4142 Münchenstein. Items purchased at the auction may be handed over as soon as the Purchase Price (incl. VAT) has been paid in full and Beyeler Museum AG has matched this payment to the corresponding item. Failure to collect or arrange the delivery of purchased items within 14 days of the auction may result in the Buyer being charged for storage by KRAFT E.L.S. AG. These storage charges will be invoiced directly to the Buyer by KRAFT E.L.S. AG. The auctioned item is insured by Beyeler Museum AG until collection or delivery and at the latest up to October 1, 2018. From October 2, 2018, onwards, insurance cover becomes the responsibility of the Buyer.
The auction and these Terms and Conditions are governed by Swiss law. All disputes arising out of or in connection with the auction and these Terms and Conditions shall be solely and finally settled by the courts of Basel-Stadt.