Seoul Auction, the first art auction house in Korea to launch an online bidding system, offers artworks by a broad range of artists at reasonable prices.
In addition to artworks, our auctions also feature various types of lifestyle items (luxury goods, jewelry, designer furniture, figurines, etc.), offering something for everyone.
contact : firstname.lastname@example.org
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.
Bidding for offline art auctions can only be done by regular (paying) members.
※ To apply for membership, an email certification process must be completed. Therefore, please provide a valid email address when applying for membership.
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 business days after selecting “Yes.”
* If the bidding button does not become available, please send an email inquiry to email@example.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.
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.
• 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 function on the online auction page
Manual bidding (one time) per bid increment per current auction 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.
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. 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. 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. Payment guidelines
Methods of paying the full price of the artwork successfully bid upon are listed below.
Bank : Woori Bank (Pyeongchangdong Branch) Account :1005-500-700549 Account Name : SEOUL AUCTION
Swift code : HVBKKRSEXXX
Inquiries : (Phone) +82-2-2075-4422 (Email) firstname.lastname@example.org
Business hours: (KST) 9:00-18:00
* When making an account transfer, please write the name of the successful bidder in the deposit memo section. If the name of the account holder and name of the bidder are not the same, the deposit confirmation may be delayed. Seoul Auction assumes no responsibility for any inconvenience that may arise from a discrepancy between the name of the account holder and the name of the bidder.
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.
If the bidder would like to make the payment with a credit card that cannot be used online, he or she may make the payment in person at the Pyeongchang-dong office of Seoul Auction.
If a payment inquiry is made in advance, the employee in charge will provide the relevant guidelines.
* The bidder must make the payment for the artwork (including purchase commission) within seven days of the auction (or 21 days, for hammer prices of KRW 300 million or higher) and take possession of the relevant artwork.
* The bidder may make the payment for an artwork via installment based on negotiation with Seoul Auction prior to the auction.
* The bidder may pay the full price for the artwork via cashier’s check, cash, or wire transfer to Seoul Auction’s designated bank account.
Inquiry : +82 (0)2 2075 4422 (English), +82 (0)2 2075 4385 (中國語)(Head Office)
Business hours: (KST) 9:00-18:00
* KRW 10,000 for each additional artwork (only for delivery on the same date and time to the same address)
E.g., successful bids for three artworks shipped to a Seoul address: KRW 50,000 (basic shipping fee for Seoul) + KRW 20,000 (KRW 10,000 each for the other two artworks) = KRW 70,000 shipping fee
★ Artwork installation: separate fee (to be paid to the on-site employee who does the installation)
★ Artworks that require additional personnel for installation: separate fee (to be paid to the on-site employees who do the installation)