After the Auction

Hammer Price

With the fall of the hammer, the item is considered sold: at that moment, the buyer assumes full responsibility for the lot. In addition to the hammer price, the buyer must pay a 26% buyer’s premium, inclusive of VAT as required by current regulations.

Payment for Lots

A 26% buyer’s premium, inclusive of VAT as required by current regulations, must be added to the hammer price.
Payment for the purchased lots must be made immediately after the conclusion of the auction, using one of the following methods:

Cash up to €4,999.00
Credit or debit card (Mastercard, Visa, Amex)
Bank or cashier’s cheque (subject to prior verification with the issuing bank), payable to: Bolli&Romiti srl
Bank transfer – indicating the lot number(s) in the payment reference – to the following account:
Banca Sella S.p.A.
IBAN: IT80C0326803200052874385750
BIC: SELBIT2BXXX

Please note that for payments made by cheque, the items will be delivered only after the funds have cleared.

Subject to agreement with the seller, Bolli&Romiti may offer deferred payment terms to buyers deemed reliable. However, items will not be delivered until full payment has been received.
Potential buyers interested in this payment method must contact the management in advance.

Collection of Lots

Purchased items must be collected within seven (7) working days, upon presentation of a valid identity document by the buyer.
If a third party is collecting on behalf of the buyer, they must present a written authorization signed by the buyer, along with a copy of the buyer’s ID.

Upon explicit request, Bolli&Romiti staff may assist with packing and shipping of the purchased lots, at the buyer’s expense and risk. The buyer must release Bolli&Romiti from all liability in this regard.

After ten (10) working days, Bolli&Romiti will no longer be responsible for the safekeeping of the purchased items or for any deterioration or damage. The items will be held at the buyer’s risk and responsibility, and storage fees will be charged as follows (VAT excluded):

Furniture and sculptures: €15.00 per day + VAT
Paintings: €10.00 per day + VAT
Objects: €5.00 per day + VAT

At the management’s discretion, the items may be transferred—upon prior notice to the buyer—to the Itaca Transport warehouse, located at Via Rocca di Cave 31, Rome, which will apply the same storage fees plus transport costs.
These rates are posted and available for consultation at Bolli&Romiti’s premises.

Shipment of Lots

Upon request, shipping quotes can be provided by national and international logistics companies specializing in the transport of artworks, selected according to specific requirements in terms of timing, method, and cost.
Shipping will be carried out at the buyer’s risk and expense, and the buyer must release the auction house in writing from any liability.
Our staff is also available to provide guidance and recommendations on all shipping and insurance options for the lots.
For any needs, the shipping department is available Monday to Friday, from 10:00 am to 1:00 pm and from 2:00 pm to 5:30 pm.

Export of Purchased Lots

Legislative Decree no. 42 of January 22, 2004 regulates the export of Cultural Property outside the territory of the Italian Republic.
EEC Regulation no. 3911/92 of December 9, 1992, as amended by EEC Regulation no. 2469/96 of December 16, 1996, and EEC Regulation no. 974/01 of May 14, 2001, regulates the export of Cultural Property outside the European Union.

To export Cultural Property over 50 years old from Italy, an Export License is required, which the buyer must obtain personally.
The auction house is not responsible for such permits and cannot guarantee their issuance. Upon request, the auction house may handle the application process for the export licenses; related costs are borne by the buyer.
Failure to obtain these authorizations does not justify the cancellation of the purchase or non-payment.

According to Article 8, paragraph 1, letter B of Presidential Decree 633/72, buyers wishing to export the item outside the EU and obtain a VAT refund must comply with the following procedures:

Complete customs procedures and export the item outside EU territory within 3 months from the invoice date
Submit the original customs declaration or an equivalent document within the same 3-month period, directly to the auction house

The 3-month deadline, starting from the invoice date, may be suspended for the time required to obtain the export certificate.