The most asked questions
Who will appraise my works?
When you entrust your works of art, paintings or collection to an auction house for appraisal, several types of qualified people are involved: auctioneers, clerks, experts and specialists, rightful owners, committees and market authorities.1.
How will you organise the auction of my works?
Capturing the attention of potential buyers is an art that requires true professionals used to a demanding market.The trust placed in us by our customers will enable us to organise nearly 300 auctions in 2022 in Paris (Hôtel Drouot, Salle VV, le 116, etc.), Nice, Belgium, Switzerland, Morocco and online.In 2020, despite the COVID crisis, MILLON's auctions will be just as numerous, diverse
What happens after the auction of my works?
Settlement of the sale Once your work of art has been purchased by a buyer, we proceed with the payment in accordance with the terms previously agreed with you during the mandate.After the auction, MILLON notifies the seller by e-mail of the result of the sale, which is visible in your customer area.Payment is made by bank transfer three weeks after the sale (as soon as the buyer has paid in fu
What happens after I decide to entrust my works to the auction house?
Once the art expert has made his estimate, you can decide whether or not to put it up for sale.The sale mandate :You will then be asked to sign a sales mandate, also known as a sales requisition.
What is the difference between an estimate and a valuation?
While an estimate is free, an appraisal may not be, insofar as it involves the responsibility of the auction house and its expert. This responsibility relates to the substantial qualities of the work.
I inherit: what should I do with the furniture?
Have you just inherited some furniture and would like to know its value? Or has your solicitor recommended that you carry out a tax inventory to avoid the 5% lump sum?
What costs will I have to pay to sell my goods at auction?
The auction house must be able to adapt its sales fees to your situation. Everything is negotiable... taking certain parameters into account.
How do I choose an auctioneer?
Choosing an auctioneer to sell at auction : 1. First and foremost, get a quick, well-argued estimate of the item you want to sell. Be careful not to confuse speed with haste. An estimate given too quickly, without taking the time to ask for provenance, additional photos or precise dimensions, would be questionable.2.
Is it possible to finance my art purchases through leasing?
COMPANIES AND THE SELF-EMPLOYED CAN FINANCE THEIR ACQUISITIONS WITH ART LEASING!Would you like to bid on a work of art, a piece of furniture or an objet d'art at a Millon auction?Our Millon auction house has teamed up with Bail Art, France's leading art leasing company since 2009, to offer its corporate and professional buyers an attractive financing solution.Leasing with an option to
How can I have my purchases delivered?
If you are unable to collect your purchases yourself, our services are available to answer any questions you may have about shipping and delivery.For all enquiries, please write to this address: firstname.lastname@example.orgIN PARIS, MILLON delivers to you in the Ile de France (40km around Paris) Our delivery drivers start their rounds at 7am and call you an hour befo
What are the terms and conditions of sale for?
The conditions of sale are attached to each sale at the end of the catalogue and on the internet.They constitute the terms to which our auction house commits itself vis-à-vis buyers and which the latter accept by making a bid.They indicate the means by which bids are to be placed, the terms of payment, customs and VAT regulations, and in particular the sales costs, conditions and costs of stora
How can I withdraw the works I've bought?
Lots are delivered after full payment of your purchases.If you are present, you can collect your purchases immediately after the sale.If you are buying remotely, you will need to make an appointment depending on the conditions of each sale.Please note that the place where your purchase is stored is indicated on your auction slip.As Millon has several storage areas, lots are not always stored at
How do I pay for the prizes I've won?
If you are present in the auction room: When the lot is sold to you in the auction room, the auctioneer goes to you to give you the label identifying the lot.From then on, the auctioneer's clerk is at your disposal until the end of the sale to finalise payment for your lots and issue you with a receipt.So you don't have to wait until the end of the sale to pay and collect your purcha
How do I buy at public auction?
A) INFORMATION On our website, you will find a calendar of all forthcoming sales , both live and online.Auction catalogues can be viewed online in PDF format, on the website or in hard copy.If the auction catalogue you are interested in is not yet complete, you can register and be alerted by e-mail as soon as it goes online.You can also use our search engine to search by keyword and receive e-m
Comment puis-je trouver un expert en art fiable ?
Pour trouver un expert en art fiable, vous pouvez contacter des maisons de ventes aux enchères réputées ou encore des comités d’artistes. Assurez-vous que l'expert est certifié et possède une expérience avérée dans l'estimation d'œuvres similaires.
Glossary for sellers at our public auctions
Valuation:This is the determination of the value of a property given after an appraisal. Often the value indicated is a "low estimate"/"high estimate" range. Our photo estimates are always given subject to an on-the-spot valuation.
How quickly can my property be sold at auction?
At MILLON, we have a wide range of specialities and sales formats After an inventory or for a single item, our specialists will offer you the opportunity to include your item(s) in a sale that will enable you to obtain the best price.Our credo: We have a speciality for you, from the cellar to the attic!From the moment the item is deposited in our premises, our teams are busy describing it, phot
How much does an inventory cost?
Why and how do I register on the millon.com website?
Before participating in any of our auctions, to place a purchase order or request to participate by telephone from this site, you must have a MILLON account.Registering is very simple:Our teams can assist you on request.You can also create an account very simply on our site.Having an account opened and validated with Millon allows you to be autonomous, to organise your auctions and your purchas
Why use an auctioneer when you're a private individual?
Using an auctioneer seems like a luxury reserved for the lucky owners of a Louis XV chest of drawers or a master painting.
What is a moveable inventory?
A moveable inventory is a document listing a group of moveable assets or works of art.
Why and how should you have your works of art and objets d'art appraised?
Ask for a valuation and put all the chances on your side in the event of a sale, inheritance, division or theft.Armed with your appraisal file or inventory : Insure your works of art at their fair value and assert your rights in the event of loss or theft. In the event of theft, make it easy for the relevant authorities to identify your possessions. Facilitate the succession process by providin
How can I increase the value of the work I own?
When a work is presented for sale, buyers pay close attention to its provenance and 'academic' background.This is why a work accompanied by a bibliography or exhibition presentation can increase in value by between 5 and 20%.MILLON Auction House can help you enrich the pedigree of your paintings, sculptures or objets d'Art.
How do I prepare my bequests and the sharing of my paintings and works of art?
We regularly hear the phrase: "My children only like Ikea and don't want my antique chest of drawers"Many of you want to spare your children the problems associated with managing your assets. So how can you plan ahead?Have a descriptive inventory and estimate made of your assets. Our auctioneers and experts will draw up an inventory, illustrated with photographs, describing an
Can I choose my auctioneer for the estate inventory?
You are free to choose your own auctioneer or commissaire de justice (former judicial auctioneer)In most cases, notaries work with one or two auctioneers.
What happens at an auction following an inheritance?
On thebasis of the inventory , you decide whether to sell all or part of the furniture:If you have not made a tax inventory, we can draw up a private inventory and then sell all or part of your possessions.We take care of organising the sale from A to Z: inventory, transport, sales, payment.You can sell in the name of a joint owner or, if the property has been divided, in the name of each heir.
I've had an inventory drawn up. How do I sell at auction?
Once the tax inventory has been completed, you will come into possession of the estate's movable property.
I've opted for the 5% fixed price. Do I need an auctioneer?
Yes, you will need an inventory estimate to know the value of your furniture, paintings, trinkets, jewellery, etc...If you wish to divide the property, the advice of an independent and impartial professional will enable you to make a fair and irreproachable division that will preserve the harmony of the family.At your request, we can make lots.
How does the tax inventory work? Do I need to be present?
The auctioneer or court commissioner, the notary and the heirs go on site to list all the goods, furniture, objects, paintings, jewellery, etc.
Tax inventory VS 5% lump sum
To settle inheritance tax, the value of the movable assets must be calculated. The law provides two ways of estimating the value of the movable property in an estate:Draw up an inventory listing all the deceased's personal property.
I've heard about the 5% package, what is it?
In the absence of an estimated inventory of the estate's movable assets, the taxable value of the deceased's movable assets will be estimated at 5% of the total assets of the estate.The 5% lump sum may be higher than the actual value of the movable property, in which case it is strongly recommended that an inventory of the movable property be drawn up by a court-appointed auctioneer
What should I do when I inherit furniture?
If the estate is in the process of being settled, an auctioneer and a notary may proceed with the valuation of your furniture, regardless of whether or not you own any works of art.The General Tax Code (art 764 I) provides for three options for valuing furniture as part of the inheritance:The price of the movable property obtained at public auction, when the sale takes place within two years o
How much does it cost to buy at auction?
What are buyer's fees?Buyer's fees are calculated on the basis of the hammer price. They are added to the final bid. If you buy an item at 100 euros and the fee is 25% incl.