STEP 01
Sign Up

Seoul Auction’s online auctions can be participated in by anyone without having to pay a membership fee. All one must do is register for membership on the Seoul Auction website and complete a simple self-authentication procedure before the auction begins.

Only those who have applied for membership via Seoul Auction’s website and completed the identity verification process are eligible to bid in an online auction.

To apply for membership, an email certification process must be completed. Therefore, please provide a valid email address when applying for membership.

  • Register on the website

    Please check the Fill the Bidding registration -> YES
    • To be able to participate in online auctions, you must check “Yes” under “Bidding Registration” when applying for membership.
    • The bidding button will become available for use one or two weekdays after selecting “Yes.”
    • If the bidding button does not become available, please send an email inquiry to info@seoulauction.com
    • If you register for membership near the closing time of an auction and make an email or phone inquiry related to bidding, Seoul Auction will provide all necessary assistance.
    • If you require the assistance of an employee regarding a bidding-related matter, please do not hesitate to contact us at any time.
    Register
STEP 02
Preview

Preview is a simple and small exhibition for check the condition of objects and art works before the auction begins. Anyone can enter the preview show and get a detail service regarding the objects and art works. The dates of preview exhibition and current auction will be notice through the invitation or website.

  • We submit the auction art works/objects as they are at the preview show.
  • We ensure the conditions of the items from the point we presented items on the auction.
  • The auction proceed with based on check the real objects through the preview show. Thus, we recommend that please fully check the condition of qualities of art woks/ objects.
STEP 03
Bidding Method
  • Bidding can be done on the Seoul Auction website during the preview exhibition. Lots will be opened and closed by numerical sequence from the closing time of the auction.
  • If a bid is made less than 30 seconds before closing time, the auction will be automatically extended for 30 seconds.
  • The closing time may vary depending on the online auction number.
  • Bidders may participate in online bidding after completing a procedure to confirm consent.
If you use Internet Explorer, please verify your settings before the online auction begins.
How to enable the automatic refresh
on the online auction page

  • Single bid

    Manual bidding is made once at a time as given amount of the money.

  • Automatic bid

    Automatic bidding after establishing bid limit in advance

    For automatic bidding, if there is no other bidder, the lowest bid will be designated as the successful bid.

The asking price unit for each bid amount in the online auction is automatically changed as follows.

This applies to all auctions held online as of November 1, 2019.

From(￦) To(￦) By(￦)
~ 1million won 50,000 won
1million won 3million won 100,000 won
3million won 5million won 200,000 won
5million won 10million won 300,000 won
10million won 30million won 500,000 won
30million won 50million won 1,000,000 won
50million won 100million won 2,000,000 won
100million won 200million won 3,000,000 won
200million won ~ 5,000,000 won
STEP 04
Bidding Results and Payment
  1. 1. Successful bid and bid priority

    A successful auction bid is granted to the bidder with the highest bid price. Opportunities for successful bids are granted with priority given to automatic bids, followed by manual bids.

    If two identical bids are made, priority will be given to the individual who entered his or her bid price first (based on the time indicated by the server).

    When a bid is made, the auction bid increases based on the bid increment.

  2. 2. Confirmation of successful bid
    Once a successful bid has been determined, an email confirmation of the successful bid is sent. The bidder may also confirm the successful bid price and commission fees on the Seoul Auction website (Log in > Account > Auction Transaction Information > Purchase List).
    The bidder cannot cancel his or her bid without incurring a penalty. In the event a bid must be cancelled, the bidder’s intention to cancel must be expressed in writing within seven days of the successful bid being made. A penalty corresponding to 30 percent of the successful bid price must be paid within seven days for breach of contract.
  3. 3. Purchase commission
    • The bid commission for successful bids is generally imposed in accordance with the relevant regulations, which are listed below.
    • The commission rates may be applied differently, in accordance with internal policy.
    • Online auction: 18% (VAT not included)
    • Hammer Price : price announced by the auctioneer upon banging the gavel
    • Purchase Price : sum of the hammer price, bid commission, and VAT
  4. 4. Payment guidelines
    Methods of paying the full price of the artwork successfully bid upon are listed below.
    Website payment
    • For an artwork bid upon via online auction and payment with a credit card that is accepted in Korea, credit card payments may be made on the Seoul Auction website. For a high-value item, there is a chance that credit card payment may not be accepted, in accordance with the policy of the relevant credit card company. The successful bidder should make the payment after logging in to the Seoul Auction website and confirming the hammer price.
STEP 05
Settlement

Ways for the bidder to receive the artwork

  1. 1. In principle, the winning works of the auction should be received directly by the buyer
  2. 2. Direct receipt of works
    - Seoul Auction Headquarters, B1F, 24 Pyeongchang 30-gil, Jongno-gu, Seoul - Seoul Auction Gangnam Center, 864 Eonju-ro, Gangnam-gu, Seoul
  3. 3. Please make a reservation with the 'sales representative' and the date of visit three days before the desired receipt date of the successful bid work.

    It is operated by a reservation system, so you cannot receive the work if you visit on the same day without a reservation.

  4. 4. Date and time of receipt of works: Monday to Friday (excluding legal holidays) / Company business hours from 10:00 to 18:00 (excluding lunch hours from 12:00 to 13:00)

    Refer to the winning bidder's car when the work is commissioned: Up to 80*100 cm in size including frames

  5. 5. If it is difficult to receive the work directly from the successful bidder, we will arrange the transportation of the work (art transportation company) at the responsibility and cost of the successful bidder.

    There is a high risk of damage or loss of the work, so the delivery company does not arrange it

Basic shipping fee (One Way)

  • Delivery will be carried out from Monday to Thursday in Seoul and the Seoul metropolitan area.
  • Delivery outside the Seoul metropolitan area is carried out every month at 1,3,5 weeks. (There is a possibility of schedule change in case of exceptional circumstances.)
  • Additional shipping fees apply for remote areas (including Jeju), individual, or international shipping, and are the customer's responsibility.
  • Customer costs for special installation and additional transportation personnel required works.
  • Delivery Inquiries: +82 (0)2-2075-4404
  • All deliveries are subject to face-to-face receipt, and non-face-to-face receipt is not possible