Buying at Strauss & Co


Strauss & Co: The global leader in the South African art market.

Five live auctions are held a year featuring South African and International paintings, watercolours, prints and sculpture. Two are held in Johannesburg and three in Cape Town with the Cape Town auctions also including furniture, silver, ceramics, glass and jewellery. The Johannesburg auctions are held at Strauss & Co's offices at 89 Central Street, Houghton, Johannesburg. In Cape Town, a Contemporary Art auction is held in the Silo District at the V&A Waterfront, while two others are held at The Vineyard Hotel in Newlands which is in walking distance from our office at The Oval. In 2019 we introduced Fine Wine auctions in Johannesburg and Cape Town.

Aspects of buying at Strauss & Co auctions are found below.


Estimates

Pre-sale estimates are based on recent market prices achieved at auction for comparable property, condition, rarity and provenance. Any bid between the high and the low estimate will, in Strauss & Co’s opinion, stand a fair chance of success. Estimates are exclusive of Buyer’s Premium and VAT. Printed estimates in the catalogue may be altered and are subject to revision.


Reserves

Lots may be subject to a reserve and below which a lot may not be sold. This is a confidential figure between Strauss & Co and the seller.


Buyer’s Premium

We charge a premium to the buyer on the final bid price.

For live auctions this is calculated at 12% for lots selling over R10 000, and 15% for lots selling at and below R10 000.

For wine auctions this is calculated at 12% for all lots.

For all online auctions this is calculated at 15% for all lots (including wine lots).

Please take note that VAT is payable by buyers on the premium at the applicable rate.


Pre-auction Viewing

This is open to the public and free of charge. Strauss & Co’s specialists are available to give condition reports or advice at viewings or by appointment.


Bidding at the Auction

The auctioneer will accept bids from those present in the saleroom, by absentee written bids left in advance or from telephone bidders. The auctioneer may bid on behalf of the seller up to the amount of the reserve, by placing consecutive or responsive bids for a lot.

In person: Prior to the sale, bidders are required to complete a registration card in order to obtain a bidding number and to produce some form of identification, for example, ID document, driving licence, passport or proof of current address. The onus is on the bidder to ensure that the auctioneer is aware of the bid and that the correct lot number, bidder’s number and price are called out.

Absentee written bids: These are written instructions from prospective buyers instructing Strauss & Co to bid on their behalf up to a specific amount for each lot. Although bidders are advised to record the maximum limit to which they will bid they may well be successful in securing the lot at a lower figure, depending on other interest in the lot. In the event of an identical bid, the earliest received will take precedence. Telephoned Absentee bids must be confirmed before the sale in writing. Please ensure that Absentee bids are submitted at least 24 hours before the sale.

Telephone bids: Bidders who are unable to attend the auction may arrange to bid on the telephone. A telephone clerk will call you from the saleroom and bid on your behalf. To register, please contact the Bid Department. As the number of telephone lines is limited, it is advisable to book a telephone at least 24 hours before the sale. In the event of a breakdown in the telephone communications, it is advisable to leave a maximum bid as a safeguard. Telephone bids may be recorded.



Payment

All lots sold will be invoiced to the name and address that appear on the bidding forms. Successful bidders are required to make payment for their purchases immediately after the sale. Purchases will be released upon proof of payment.

Methods of Payment

Payment may be made by:

  • Electronic Transfer
  • Cheque (to maximum of R 50 000 by prior arrangement)
  • Credit cards acceptable to Strauss & Co (Diners Club, Mastercard and Visa)

Banking Details

Strauss & Co
Standard Bank Killarney
Branch Code: 007205
Current Account No: 001670891
Swift Address: SBZA ZA JJ


Collection

All purchases must be removed by 1pm on the day following the sale from the auction venue. After this time, all purchased lots will be removed either to Strauss & Co’s offices or to Stuttafords Fine Art Storage, and may be subject to removal, handling and storage fees.

Large items of furniture may be sent to Stuttafords Fine Art Storage at the purchaser’s expense.