home Auction How to Buy

01.

Auction

Introduction to Offline Auction

Major Auction

Our Major Auctions feature masterpieces by modern and contemporary Korean and international artists, as well as a wide array of Korean traditional art including ink paintings, ceramics, calligraphy, craft, and Buddhist art. Major auctions take place bimonthly and in person and generally involve our most prestigious lots.

02.

Registering
to Bid

02.

Registering to Bid

We recommend bidders to register at least 30 minutes before the auction. Prospective buyers must complete and sign a registration form with their details and provide a form of identification. We may further require bank details from which payment will be made or other financial references as a condition of bidding at K Auction.

03.

Bidding

Bidding in person

To bid in person, bidders need to register and collect a bidding paddle before the auction begins. All bidders shall be held personally and solely liable for all obligations arising from any bid including both telephone and written bids. Through the act of bidding, it is assumed that the bidder accepts all the terms and conditions of buying at K Auction.

Written Bidding

For the convenience of clients who cannot attend an auction, K Auction will accept written bids. K Auction will execute your bid(s) in increments and attempt to purchase the lot for you at the lowest price. Written bids must be submitted at least 24 hours before the auction. Please refer to the catalogue for the Written Bidding Form.
K Auction will do its utmost to carry out bidding instructions for written bidders. However, K Auction shall not be held responsible for any failure to do so or delay in doing so, or for any error and/or omission by K Auction.

Telephone Bidding

If you prefer to bid by phone we can arrange a K Auction staff member to contact you and bid on your behalf. Please refer to the catalogue for the Written Bidding Form.

Priority of Bids

Please note that in the event that an in-person bid, written and telephone bid are made at the same price priority is given in the order of written bid, in-person bid and telephone bid.

04.

After
the Sale

04.

After the Sale

Straight after a lot is sold, the respective bidder must confirm their purchase by signing a bidding confirmation form. Once the auction is over a bidding result summary will be sent to the successful bidder via fax or e-mail. The buyer must make full payment for the purchased good(s) within 7 days of the auction date. For more details, please refer to our terms and conditions.

05.

K AUCTION
account

05.

K AUCTION account

Payment can be deposited to the following bank account::

Account Name: K Auction
Bank Name: KEB Hana Bank, Yangjae-Dong
Bank Address: Hongsan bldg, 67-5, Yangjae-Dong, Seocho-Gu, Seoul, KOREA
Account Number: 196-910005-07204
Swift Code: KOEXKRSE

06.

Buyer's
Premium

06.

Buyer's Premium

Major Auction

For successful bids, a buyer’s premium of 15% will be applied to the hammer price. VAT will also be applied to those who are currently residing in South Korea.