For Buyer

How to Buy

If you would like to participate our auction, you must register first.
Please fax us complete “REGISTRATION FORM” and “PARTICIPATION AGREEMENT” with a copy or your ID.
If you have any questions regarding this, please contact at info@shinwa-market.com .

REGISTRATION FORM:

We request complete ‘Registration Application Form’, ‘Participation Agreement’ for your registration.
Please fax or mail with your copy or I.D.. The FAX number is: +81-3-3572-6115

REGISTRATION FORM and Information of I.D. [3MB]
Please provide us a copy of identification, which shows same applicant's name and current address.
Applicant's address must be same that 'Registration Application Form' and copy of I.D.
PARTICIPATION AGREEMENT [3MB]

ABSENTEE BID FORM:

Please download particular auction’s form.
Pleae send the complete forms 48 hours before the auction begins.

INDIVIDUAL Applicant [3MB]

BUSINESS Applicant [3MB]

1. SHINWA MARKET conducts Bags/Watches & Jewellery auctions:

2. Inquire about the auction dates.

3. Subscribe to auction catalogues
About 2 weeks before an auction, the catalogue is delivered to all subscribers, allowing them to see the articles offered. These catalogues are valuable resources in understanding the current market.

4. Apply for entry ticket
Entry tickets are provided free of charge.

SHINWA MARKET CO., LTD.
[Ueno]Rich Bld.,2/F, 5-8-13, Ueno, Taito-ku
Tokyo 110-0005
Tel: +81-(0)3-5817-7380 FAX +81-(0)3-5817-7381

[Ginza]Ginza Medical Bldg., (formerly Gyosei Bldg.)
7-4-12 Ginza, Chuo-ku, Tokyo 104-0061
Tel: +81 (0)3-3569-0030 FAX +81 (0)3-3572-6115

You also can apply for a ticket at the preview or at the auction itself.
Please note that to prevent money laundering, we ask you to provide us with information that will confirm your identity, such as a passport. Details will be provided upon receipt of your request.

5. Preview
Prospective buyers are strongly advised to personally examine the property at the preview.
All properties are exhibited.

Please feel free to ask any questions at that time.
The dates of the previews are listed in the catalogues.

6. Auction

Please come to the auction hall before the auction begins.
We will provide you with a paddle in exchange for your entry ticket.
The Auction will be held only in the Japanese language and will proceed in lot order.Each article will be shown on the screen. Bidders are advised to confirm that the article is the one they wish to buy before bidding.
The auctioneer will typically seek bids increases of 3 to 5%
When the auctioneer has accepted the final bid and struck the hammer, the auctioneer will call out the paddle number of the buyer and ask that person to raise the paddle number so the number can be recognized.
*No bidding is accepted after the hammer sounds.

7. Successful bid
Successful bidders are asked to exmaine the confirmation documents carefully and then sign. Successful bidders are to pay the final bid price plus the buyer’s premium, in addition to consumption tax.

BUYER'S PREMIUM

For each lot, up to and including 2 million yen of a winning bid is charged a commission at a rate of 16.2%(including tax). Winning bids beyond 2 million yen up to and including 50 million yen is charged a commission at a rate of 12.96%(including tax). Additionally, any winning bids beyond 50 million yen will be charged a 10.8% rate (including tax) on the remainder of the bid.

Amount of Hammer price
up to and including 2,000,000 yen・・・・・・・・・・・・・・・・・・・・16.2%
beyond 2,000,000 yen up to and including 50,000,000 yen・・・・・・・12.96%
beyond 50,000,000 yen ・・・・・・・・・・・・・・・・・・・・・・・・10.8%

example) 60 million yen hammer price

Hammer price60,000,000 yen
Commission324,000 yen (16.2% of 2,000,000yen)
Commission6,220,800 yen (12.96% of 48,000,000yen)
Commission1,080,000 yen (10.8% of 10,000,000yen)
Total67,624,800 yen

8. Payment

Buyers must pay within 10 calendar days of the sale.
Payment can be made into our bank account, by cash, or by bank cheque, or Credit card(VISA, MASTER,UNION PAY)
After payment is complete, the property can be collected one day after the auction at SHINWA MARKET office.
The receipt handed to buyers at the time of sale must be shown in order to take possession of the work.
Those who wish the item to be delivered can fill out the request form enclosed with the bill.

9. Download Forms
Please click here to download all forms.