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Lot 3

Lechev Giorgi
Untitled
Estimate: €1.500 – €1.700

Starting bid:  800,00

Auction has not been started yet.

Starting Time Left:

Ending On: November 17, 2024 22:00

Absentee bidding explained. Click here.

Total Bids Placed:

Auction starting November 14, 2024 19:00
Lechev Giorgi
Bulgarian.
Born in 1949.
Untitled
Oil on canvas
Unframed: 91 x 72 cm
Framed: 104.6 x 85.9 cm
Signed lower right
Executed in 1989.
Provenance: Private collection, Cyprus.

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Bid increments 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

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Buyer's Premium & VAT

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

Hammer Price + Buyer’s Premium (12%) + *VAT (5% or 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: 12% of the Hammer Price of any amount. 

*Value Added Tax (VAT) applies as follows: artworks are taxed at a reduced rate of five percent (5%) (‡ symbol) or nineteen percent (19%) († symbol) on the hammer price, depending on the item. For items marked with the Omega symbol (Ω), the hammer price is exempt from VAT. A nineteen percent (19%) VAT applies to the Buyer’s Premium for all items, regardless of the symbol.

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

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

Read the auction Terms & Conditions in English and Greek here.

Visit the FAQ page for more.

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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.

Enquiry

Contact one of our specialists and we will advise further on this item.

Lechev Giorgi, Untitled, Oil on canvas, 91 x 72 cm

Lechev Giorgi

Untitled

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Absentee Bid

A convenient bidding option that allows you to place your bid before the auction begins. Place your maximum bid in advance without the need for a formal registration, and your bid will be executed at the lowest possible increment and never exceeding your specified maximum.

Lechev Giorgi, Untitled, Oil on canvas, 91 x 72 cm

Lot 3

Lechev Giorgi
Untitled
Starting bid:  800,00

Please complete this form as soon as possible. In the event of a tie, the first bid received will take precedence. All bids must be submitted at least 24 hours before the auction starts. Bids below the starting price will not be accepted. For assistance, please email us or call us at +357 25 384804.

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What are Absentee Bids?

Absentee bidding is ideal for those unable to attend an auction or prefer not to participate in person. This method simplifies the process: no registration required. Submit your maximum bid via the Absentee Bid Form at least 24 hours before the auction. Your bid will be executed at the lowest possible increment, never exceeding your specified maximum.

Telephone bidding is also available upon request 72 hours before the auction.

Successful bidders will be notified with purchase and payment details after the auction.

Watch a short video on how to submit an absentee bid here.

Please read our Terms and Conditions for a complete understanding of our bidding procedures and policies.

Make an offer

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

Lechev Giorgi, Untitled, Oil on canvas, 91 x 72 cm

Lechev Giorgi

Untitled
List price: Starting bid:  800,00

(Prices do not include VAT)

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Symbols Definition

†  The single dagger symbol indicates these items will be sold under the 19% VAT standard rate on the hammer price.

‡ The double dagger symbol indicates these items will be sold under the 5% VAT reduced rate on the hammer price. For more information on the reduction, please see our announcement.

Ω The Omega symbol indicates these items are VAT exempt on hammer price; 19% VAT applies to premium.

#  The hash symbol indicates 19% VAT applies only to buyer’s premium.

The diamond symbol indicates 19% VAT applies to hammer price and buyer’s premium.

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

☐ The square symbol indicates there is a reserve price.


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

This guide explains how the total purchase price is calculated.

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

• Read the auction Terms & Conditions in English and Greek for more.

• Visit the FAQ page for further assistance.

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Complimentary Delivery

Complimentary delivery is provided from the seller’s location to you and delivered to your door in 3-7 business days from the date the order is placed. Signature is required at delivery. 

Free Delivery does not include unpacking, inspection, assembly or installation. 

Items with an order amount that exceeds €2.000,00 are offered with complimentary delivery within the zone of the Republic of Cyprus. The option to select the delivery services will be available in your cart upon checkout.

Frame Notice

Please note that some items are framed - the cost of the frame is included in the posted price. The frame type is displayed in the product images and the frame dimensions can be found under the 'Item Description' section in the relevant product page.

Should you wish to add a frame, change or remove the current frame please contact a member of our support team.

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Reduced VAT item

This item qualifies for a reduced tax rate with a 5% VAT applied at checkout.

For more information please read our announcement here and contact us at +357 25384804 or via email.

NEW: Submit Absentee Bids Before Auction Opening – Written & Telephone Options

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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.

Lechev Giorgi, Untitled, Oil on canvas, 91 x 72 cm

Lechev Giorgi

Untitled

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Notice

Effective May 2024, Peter’s Gallery has lowered its VAT rates from 19% to 5% for all categories excluding Silkscreen prints & Poster prints. Please refer to our announcement and our Terms and Conditions for more information.

Lot Prices

Please note that Lot 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 minutes 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 the announced auction ending time. Lots may extend for up to two hours to accommodate competitive bidding.

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Aftersale

Unsold artworks from the latest auction are now available for purchase at their starting price for a limited time. The Aftersale offers a second chance for unclaimed items to find their new collector. They can be viewed on this page under the ‘Aftersale‘ label or by visiting the gallery.

For a direct view of the Aftersale items only, you can browse them here.

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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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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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