Frequently Asked Questions

About Peter's Gallery Online Auctions, a Guide on Buying & Selling and more.

FAQ

Yes. The total purchase price is calculated, in short, as such:

Hammer Price + Buyer’s Premium (10%) + VAT* (19%)

The Buyer’s Premium is added to the Hammer Price (winning bid) and is included as part of the total Purchase Price payable by the successful Bidder. In an Online Auction conducted by Peter’s Gallery, the Buyer’s Premium rate is as follows: 10% of the Hammer Price of any amount.

You will also be required to pay *Value Added Tax (VAT) of 19% over the Hammer Price and the Buyer’s Premium (◆ symbol) OR over the Buyer’s Premium only (# symbol).
See the symbols (◆ and #) under the Lot’s title for more information.

Customs duty and any local clearance fees may be applicable for your country.

Further information requests can be submitted via email or call at +357 25 384804. More details can be found in our Terms and Condition (Greek) and in our Buy & Sell page.  You can also view glossary of terms and familiarise yourself with the language of auctions.

Peter’s Gallery is always happy to discuss any Lot in which you are interested.

You may login / register online on here for the auction or you can contact Peter’s Gallery at auctions@petersgallery.com.cy or +357 25 384804. You can also watch the short video how to register and bid online at Petersgallery.com.cy

Yes. Please contact Peter’s Gallery at auctions@petersgallery.com.cy or +357 25 384804

Much like an absentee bid, in online auctions you can register a proxy bid (automated bid) either by placing your maximum bid on your lot(s) via Petersgallery.com.cy or by emailing Peter’s Gallery at auctions@petersgallery.com.cy or +357 25 384804. Watch the step by step video guide here.

Also, a common situation for collectors is bidding against set proxy bids of other users. For instance, if User 1 has set a specific maximum bid and if User 2 comes and places the same maximum bid, then the platform will show an alert message to User 2 that it cannot continue and will place the bid on behalf of User 1 of the same amount as his maximum bid.

For example: User 1 places a maximum bid of €350 and User 2 places the same maximum bid, then User 2 will get an alert message saying “Your bid matches with maximum bid of a user. The bid of this item has been updated. Please check the latest bid and bid again.” The platform then places a bid on behalf of User 1 with the amount of his/her maximum bid. Now, User 2 will have to check the available bid price mentioned under the price-box and try bidding again.

Please visit Petersgallery.com.cy and then follow the instructions on Buy & Sell page. You will need to login / register first before bidding. Watch the short video on how to register and bid online at Petersgallery.com.cy

You can watch the auction on the Petersgallery.com.cy auction page  whether or not you are bidding. We will be sending a series of emails to clients that have registered that include reminders about the auction date and start time as well as reminders to register.

There is an exhibition installed at the Peter’s Gallery building. To visit the exhibition please see the directions to the location here. If you are unable to come to the exhibition, there are also high-definition videos in our social media postings for lots on offer. You can also request more detailed information for any on the lots on offer by emailing us at auctions@petersgallery.com.cy or calling us +357 25 384804. These dynamic features make it easier than ever before to learn about a work of art if you are unable to see it in person.

If you need assistance bidding during the online auction, please call Peter’s Gallery at +357 25 384804 or contact us via a support ticket.

Yes, your property will be available for in-person pick up as of the next day of the sale ending.

Guides

Buying Basics

The Peter’s Gallery experienced staff will guide you through a simple and seamless buying process: from selecting a work, to placing a successful bid, to shipping your purchase. Collectors rely on Peter’s Gallery to understand current trends and acquire pieces that have lasting value, allowing you to bid with confidence. View glossary of terms to familiarise yourself with the language of auctions.

> Watch the short video on how to bid online at Petersgallery.com.cy

 

Three ways to find out what’s for sale:

1. Browse our e-catalogues on Petersgallery.com.cy from your computer or mobile device.
2. Visit our pre-sale exhibitions, which are open to the public at our gallery in Limassol, Cyprus.
3. Register to receive e-mail alerts so that you never miss a sale in your area of interest. Register / Login here.

 

Register to Bid

Online Registration
You also may register on Petersgallery.com.cy by selecting “Login / Register” from the navigation button at the top right corner of the page. Simply complete your registration application at any time prior to the auction.

If you require further assistance while registering to bid, please contact Peter’s Gallery using the contact information below:

+357 25 384804, auctions@petersgallery.com.cy

Place Your Bid
– Online

Participate in real time via the Peter’s Gallery online bidding platform.

For live in-room auctions:

In-Person Registration
To register in person to bid at the sale location before the auction begins, you will need to create an account and provide a government-issued proof of identity such as a driver’s license or passport. A bank reference may also be required. You will also have the opportunity to record your communication details (email or post) and shipping preferences (collect or ship).

– Telephone

Register to Telephone Bid with a Peter’s Gallery representative who will call you during the auction.

– Absentee

Submit an Absentee Bid and allow the auctioneer to execute this on your behalf or place a proxy bid (maximum prid / automated bid) and the platform will bid for you.

If your bid is successful, our team will be happy to assist with the collection or shipment of your purchase.

Pay for Your Purchase

Successful bidders may pay on the day of the auction, immediately after buying. Otherwise, our team will send you an invoice and any shipping quote according to your pre-sale preference. The final amount due will include the hammer price , the buyer’s premium and local taxes. 

Buyers may pay by bank transfer, cheque or cash (subject to any restrictions and legal limits). Certain credit cards are accepted, but please contact Peter’s Gallery directly for detailed information. Payment must be sent from the invoiced party, rather than from a third party. See our Terms & Conditions (GR).

 

Receive Your Property

The Peter’s Gallery team can arrange shipping and convenient delivery of your purchases based on your choice of courier service.

Selling Basics

The Peter’s Gallery knowledgable staff will be delighted to guide you through the entire auction process. Once we determine that your property is appropriate for sale at auction, our team will establish estimates, catalogue your property and market it to prospective buyers. View our glossary of terms to familiarise yourself with the language of auctions.

 

Discover What Your Property Is Worth

Please submit your items here and provide information and photographs of your property. In some cases, we will contact you to arrange an appointment to gather further details. You may also make an appointment to bring your property to the gallery.

Pricing and Payment

The seller’s contract sets the reserve price and the seller’s commission. For sold lots, Peter’s Gallery will send payment within 35 days from the sale date, provided we are in receipt of the buyer’s payment. Your payment will be based on the hammer price less a commission and any agreed-upon expenses. If bidding on your item fails to reach the reserve price, we will not sell the piece at auction. Some consignors choose to take back their work(s), while others decide to offer it in a later auction or through a private sale at our gallery. Together, we will determine the best course of action. Peter’s Gallery will recommend the best type of sale to achieve the highest price for your property and the most suitable time to sell.

How to Bid Online

> Watch the short video on how to bid online at Petersgallery.com.cy

> Read the Tips and Advice on online bidding by Petros Michaelides, Peter’s Gallery co-founder and director.

Browse an auction on Petersgallery.com.cy  We encourage you to contact our team or open a support ticket. All property in the auction is available for viewing in our exhibitions or by appointment.

Place a bid through Petersgallery.com.cy from the start of the auction until the lot closes. See below for how to bid in our online only auctions. Please contact us or open a support ticket should you need any assistance.

Watch your bids! If you are outbid in an online auction, you will be notified with a display message on top of the users page and receive an email notice. 

After your lot has closed, you will be notified on the auction and lot detail pages as well as via email. If you are the winning bidder, you will receive an invoice shortly after the auction including your total charges along with payment instructions via email and/or phone call.

Bidding Increment Table:

From:

To:

Increment:

€1

€999

€50

€1,000

€1,999

€100

€2,000

€4,999

€200

€5,000

€19,999

€500

€20,000

€49,999

€1,000

€50,000

€99,999

€2,500

€100,000

+

€5,000

 

Bidding Steps

Select the lots you wish to bid on and place your maximum bid (also known as automatic / proxy bidding). You will be asked to either log in or create a new account (if you’re not already logged in). You automatically accept the Terms & Conditions by registering and taking part in the auction. You can bid manually, meaning one bid at a time or use automatic bidding. The Peter’s Gallery auctioning system provides proxy bidding (also known as automatic bidding). The platform will place incremental bids on your behalf up to the maximum amount specified. Take a look at our glossary guide to get familiar with auction terms.

Here is an example to understand the implementation of proxy bidding;

If you, Bidder A, place an automated bid of €1,000 by typing “1000” in the price box then clicking the “Place Bid” button next to it, then the system will bid for you at the lowest price possible, and never for more than the maximum bid amount you indicate. Now, if Bidder B places a bid of €1,100, a higher bid than your maximum, then immediate outbidding will occur. Also, if you place a bid and then you see it is outbid immediately (automatically shown in the bidding table in every lot page, under the images) then it is certain another bidder is using proxy bidding and has his or her maximum amount more than your current bid. In this case, you need to bid higher until you have surpassed the other user’s maximum bidding amount.

The closing time noted at the right side of every lot of the auction indicates when the lot will begin to close. Lots will close at their scheduled time unless a bid is placed within five minute of a Lot’s scheduled closing time, in which case we will extend the sale of that Lot by five minutes. The extension of any Lot’s closing time does not affect any other Lot’s closing time; therefore, it is possible that Lots will close out of numerical Lot order. Lots may extend for up to two hours to accommodate competitive bidding.

AUCTION GLOSSARY can be found here. Familiarise yourself with the auction terms;

Maximum Bid

Your maximum bid is the highest amount you would like to bid for a lot. It will be executed by Peter’s Gallery online system at the lowest price possible, and never for more than the maximum bid amount you indicate. Please note that if two clients enter the same maximum bid, the bid which was entered first will have priority.

The bidding platform will automatically place incremental bids on your behalf against any competition up to the maximum bid you have placed. The bidding platform will execute bids beginning at the lowest increment. If your maximum bid is outbid by another client, you will be alerted on Petersgallery.com.cy if you are logged in, via email for a chance to increase your bid. While you can always return to the auction and increase your bid by single increments, we encourage you to take advantage of the maximum bid feature in the event you may be unable to return to your desired lot when the live auction begins.

Also, if User 1 has set a specific maximum bid and if User 2 comes and places the same maximum bid, then the platform will show an alert message to User 2 and will place the bid on behalf of User 1 of the same amount as his maximum bid.

For example: User 1 places a maximum bid of €350 and User 2 places the same maximum bid, then User 2 will get an alert message saying “Your bid matches with maximum bid of a user. The bid of this item has been updated. Please check the latest bid and bid again.”. The platform then places a bid on behalf of User 1 with the amount of his/her maximum bid. Now, User 2 will have to check the available bid price mentioned under the price-box and try bidding again.

Starting Bids

Each lot has a starting bid, which is the lowest possible bid you can place on a lot.You may bid at or above the starting bid (see above for how to place a Maximum Bid). Please note that leaving a bid at the starting bid may not necessarily mean you have met the reserve, though you will be notified if you are the leading bidder or have been outbid. For the time being, Peter’s Gallery has no reserve set for any lots in online auctions.

My Active Bids

Once you have left a bid in an auction, you can view that bid and any other active bids at your account page here  (you need to Login / Register first), which can be found at the top navigation bar of the auction site, in a dynamic button called ‘User Access” then choose “Bids / Auctions” from the dropdown menu. This shows the status of all your active bids. 

FOR ASSISTANCE WITH REGISTRATION & BIDDING

auctions@petersgallery.com.cy

+357 25 384804

Auction Basics

An ancient and elementary form of commerce, auctions have long been the best way to establish the value of unique and rare items. Today, modern innovations such as broadcasting sales over the Internet and accepting bids online in real time allow you to participate in our auctions from anywhere in the world.

View glossary of terms to familiarise yourself with the language of auctions.

Who can watch / take part in an auction?
All of Peter’s Gallery auctions are free and open to the public, and there is no obligation to bid and can watch our auctions online.

Who are the auctioneers at Peter’s Gallery?
Peter’s Gallery was established by Petros and Keti Michaelides in 1973. The company is family owned and works along trained professionals with decades of experience. The auctioneer initiates the online sale and then starting the bidding at a price that is lower than its reserve. The auctioneer acknowledges every bidder, whether they are in a salesroom, participating via the online platform or over the telephone. They also place bids on behalf of absentee bidders. The auctioneer, whose authority is final, determines when the highest bid has been made and declares the lot sold.

How does bidding work?
After the auctioneer starts the online bidding process, they will accept incrementally higher bids until a sole bidder remains. This final bidder purchases the lot. However, if the bidding fails to reach the reserve price, the lot will pass unsold. For the time being, Peter’s Gallery has no reserve set for any lots in online auctions.

What types of auctions does Peter’s Gallery hold?
Peter’s Gallery auctions generally comprise paintings, silkscreen prints, wood prints, aquarelles, sketches, etchings, sculptures in sales dedicated to the local collectors.

The terms and conditions can be found here, in Greek.

The English version of the terms and conditions is available upon request.

Please contact +357 25 384804

Expertise at Peter’s Gallery

The Peter’s Gallery staff is committed in a lifelong project promoting fine art and they are unsurpassed in their depth of knowledge for the local art market and desire to assist clientele. Our team has decades of years of experience in this field and are skilled at determining the current value of fine art. Approachable and enthusiastic, every member of Peter’s Gallery staff is happy to answer any questions you may have about the selling or buying process.

How may I contact a Peter’s Gallery representative?

If you need help buying or selling a specific work of art, start by emailing us, calling us at +357 25 384804 or opening a support ticket so we can help answer your questions. Alternatively, see our location to visit the gallery.

Explore fine art at Peter's Gallery

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Make an offer

Please be advised offers ranging 5% to 15% below the original price have a higher chance of acceptance.

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Information

Aftersale

Unsold artworks from the latest auction are offered at their starting price, via private sale and online for a limited time only.

View the Aftersale items available on this page (see ‘Aftersale‘ label) or visit the gallery.

You can also view the Aftersale items here.

Symbols Definition

#
The hash symbol indicates VAT applies only to buyer’s premium.


The diamond symbol indicates VAT applies to hammer price and buyer’s premium.


The triangle symbol indicates there is no reserve price in place.

The VAT and Buyer’s Premium will be applied on the checkout page.

 

View glossary of terms to familiarise yourself with the language of auctions.

Portfolio Submission

Upload up to three (3) colour images of your artwork. Complete this form for each item.

If you’re an artist interested in submitting your artwork(s) for selling at auction then kindly submit your artwork(s) here.

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Please upload three (3) colour photos of your item: Front, back and signature. Format types: JPG, PNG, TIFF. The size limit per image is 10MB.
Please upload up to three (3) documents. Format types: PDF, JPG, TIFF or PNG. The size limit per file is 10MB.

You can update your email preferences or unsubscribe at any time by emailing us.

Note:

– Please include prices if you have established prices for your artwork. If you do not have established prices and are not certain of how to price your work, the gallery team will assist represented artists with pricing; this assistance is offered as part of Peter’s Gallery representation.

Frame & Restore
Estimation Form

Answer these quick questions and help our dedicated Support Team send a quotation to you faster.

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Please upload up to three (3) colour photos of your item. Format types: JPG, PNG, TIFF. The size limit per image is 10MB.

Enquiry

Contact us and we will advise further on this item.

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Notice

Lots Prices

Please note that lot’s prices listed on this page are exclusive of the Buyer’s Premium, of any applicable taxes and costs, unless otherwise noted.

Auction closing times

Lots will close at their scheduled time unless a bid is placed within five minute of a Lot’s scheduled closing time, in which case we will extend the sale of that Lot by five minutes.

The extension of any Lots closing time does not affect any other Lots closing time; therefore, it is possible that Lots will close out of the announced auction ending time. Lots may extend for up to two hours to accommodate competitive bidding.

Certificate of Authenticity

A Certificate of Authenticity is essential to identify and attest to an artwork's genuineness and provenance. Peter's Gallery issues a Certificate of Authenticity to accompany every piece from our collection.

Peter's Gallery

Hours:

Monday-Saturday

10:00 – 13:00, 16:00 – 18:30

Plan Your Visit

Please keep in mind that not all items are on display. We will be happy to provide assistance with arranging a private viewing upon request. Please contact us should you have specific viewing requirements or any questions relating to your visit.

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The secondary art market

The term “secondary market” refers to art that has been sold at least once before. In simpler terms, the secondary market deals with resale, typically with artworks by artists who have a substantial reputation. For example, most artworks sold through auction houses form part of the secondary market.

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Secure Transaction

Peter’s Gallery is committed to protecting your personal information and securing our computer systems.

We consider the confidentiality of your personal information to be important and we use SSL, the newest and most recent standard security technology to safeguard your transactions and data from manipulation, destruction, or access by unauthorized persons and to prevent unauthorized disclosure.

Information

Buyer's Premium & VAT

The total purchase price is calculated, in short, as such:

Hammer Price + Buyer’s Premium (10%) + *VAT (19%)

The Buyer’s Premium is added to the Hammer Price (winning bid) and is included as part of the total Purchase Price payable by the successful Bidder. In an Online Auction conducted by Peter’s Gallery, the Buyer’s Premium rate is as follows: 10% of the Hammer Price of any amount.

*VAT applies in two ways: Over the buyer’s premium only  OR  over hammer price and buyer’s premium. See symbols under the Lot’s title for more.

Familiarise yourself with the auction terms by reading the Auction Glossary.

Read the auction Terms & Conditions in Greek here.

Visit the FAQ page for more.

Manage your bids and orders
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How offers work

After entering your offer price, you will receive a reply within two (2) business days, letting you know if your offer was accepted or countered.

The email will include payment instructions. Be advised items are not put on hold and will remain available for purchase until your transaction is completed.

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