1. APPLICABILITY OF THE TERMS

1.1 These Seller’s Terms apply as standard terms between the seller (the “Seller”) and Aktiebolaget Stockholms Auktionsverk (“SAV”) at SAV’s Online auctions, Hammer auctions and, unless otherwise agreed, in applicable parts also in a “private sale” in accordance with 12.1.

2. UNDERTAKING OF STOCKHOLMS AUKTIONSVERK

2.1 SAV undertakes to sell, as commission agent and on the terms set out below, the items submitted by the Seller.

2.2 SAV is entitled to sell a submitted item at the auction occasion which, in SAV’s assessment, gives the best result or which for any other reason is the most appropriate.

2.3 SAV is entitled to change the order of the items offered at an announced auction, to move the auction to another time, to close the auction early or to cancel the auction entirely.

2.4 SAV applies the Act on Measures against Money Laundering and Terrorist Financing (lagen om åtgärder mot penningtvätt och finansiering av terrorism) (the “Money Laundering Act”) or equivalent national legislation in its operations. The Money Laundering Act entails, among other things, an obligation for SAV to identify every Seller and to carry out customer due diligence measures. In connection with customer due diligence measures, a Seller may be asked to submit certified documentation substantiating, among other things, the Seller’s information on the purpose and nature of the business relationship, as well as other additional information. SAV is also entitled to refuse a Seller who does not submit the documentation requested.

3. REGISTRATION

3.1 In order to sell with SAV, the Seller must be registered with SAV. Registration can only take place if the Seller accepts these Seller’s Terms.

3.2 Registration of a legal entity as Seller shall be made by an authorised signatory or by a representative holding a written power of attorney signed by an authorised signatory. The power of attorney shall give the representative the right to bind the legal entity to SAV’s Seller’s Terms. A person acting for a legal entity is personally responsible, in relation to SAV, for having such authority.

3.3 The Seller shall present proof of identity in connection with registration. The information provided by the Seller upon registration shall be correct and complete.

3.4 SAV is entitled to refuse registration and is also entitled to deregister the Seller with immediate effect or from a specified later date without stating any reason for this. Even if deregistration takes place, these Seller’s Terms continue to apply to items already submitted and to sales already completed.

4. SUBMISSION OF ITEMS

4.1 During the cataloguing work, the submitted items are examined more closely. Only once this examination has been carried out does SAV decide whether the items are to be accepted for sale at auction.

4.2 The Seller is responsible for having full and unrestricted title to items which the Seller submits to SAV for sale or, if the item is owned by a third party, for the Seller having the full and unrestricted right to sell and to receive payment for that item.

4.3 If the Seller does not own an item which the Seller submits for sale, the Seller shall inform SAV of the ownership circumstances and shall, where necessary, substantiate by written certificate its authority to represent all owners of the item. SAV is not obliged, absent particular cause, to verify a Seller’s authority to sell an item.

4.4 SAV is entitled to retain a submitted item if anyone other than the Seller should assert title or another right to the item and it is not evident who is the rightful owner or otherwise has the right to dispose of the item. The retention may continue until it has been established, by a judgment having legal force or by agreement, who is entitled to the item, whereupon SAV is entitled to release the item to the party who has proven its right thereto.

4.5 The Seller, or the person who submits items, is obliged to inform SAV of known defects and deficiencies in submitted items.

4.6 As soon as SAV has decided to accept the assignment to sell the item, a written sales agreement shall be drawn up between SAV and the Seller.

4.7 SAV reserves the right, unilaterally and without any right to compensation for the Seller, to withdraw from the sales assignment for a particular item if doubt arises regarding the authenticity of the item, the title to the item or other information which SAV deems material.

4.8 Revocation of the sales assignment shall be made in writing. The Seller is under no circumstances entitled, without SAV’s consent, to revoke the sales assignment later than three days before the item begins to be shown to the public. If the Seller revokes the sales assignment, the Seller shall compensate SAV for costs of handling and valuation of the items etc. with an amount corresponding to the full seller’s commission under the agreed contract, calculated on the estimated price, plus the full buyer’s commission. In addition, the Seller shall compensate SAV for all actual disbursements incurred and directly attributable costs relating to the assignment. This includes, but is not limited to, costs of transport, insurance and customs and import charges.

4.9 All transport of items to and from SAV takes place at the Seller’s expense and at the Seller’s risk.

4.10 The Seller shall inform SAV if an item contains material from species covered by Council Regulation (EC) No 338/97 (CITES) and shall, on request, provide the requisite certificates or documentation regarding the age and origin of the item. SAV is entitled to withdraw from the assignment without any obligation to pay compensation if the requisite certificates are lacking or cannot be obtained.

5. CATALOGUING AND PRICING

5.1 SAV has the full and unrestricted right to determine how items are to be described and depicted and how they are presented in images. SAV is also entitled to amend and supplement a cataloguing.

5.2 The Seller is obliged to review the catalogue descriptions of the items which the Seller has submitted and to notify SAV immediately if any description is, in the Seller’s opinion, incorrect.

5.3 SAV sets the estimated price in consultation with the Seller on the basis of a conservative market valuation. The estimated price serves only as guidance for prospective bidders and the final sale price may deviate materially from the estimated price, both upwards and downwards.

5.4 SAV always strives for correct and complete catalogue descriptions. The information is provided without warranty and SAV is not liable for any inaccuracies or incompleteness noted before, at or after the sale. SAV corrects or supplements information, where possible, without delay.

5.5 All photographs and depictions are the property of SAV and may, without separate compensation, also be used for purposes unconnected with the sale.

6. FEES

6.1 Hammer auctions: For each lot, a commission of 17% including VAT of the hammer price is payable to Stockholms Auktionsverk, together with a photography fee from SEK 350 including VAT for photography.

Online auctions: For each lot, a commission of 17% including VAT of the hammer price is payable to Stockholms Auktionsverk, together with a photography fee of SEK 170 including VAT for photography.

6.2 An insurance fee of 1.75% including VAT of the hammer price is payable for each submitted item.

7. STORAGE AND INSURANCE

7.1 From the time of receipt, submitted items are covered by insurance taken out by or on behalf of SAV against damage in connection with burglary, fire or water damage, and against theft or breakage, up to a value not exceeding the estimated price (if the estimated price is stated as an interval, the midpoint between the higher and the lower estimated price shall apply) less sales fees, unless a separate written agreement on a different insurance value has been concluded. If the item has been sold, liability is limited to the hammer price less sales fees etc. Where no estimated price has been set, and in the case of valuation assignments, the preliminary valuation figure applies instead. Where a reserve price is set but no estimated price, liability is limited to the reserve price.

7.2 SAV is responsible for ensuring that submitted items are stored in a secure manner.

7.3 SAV cannot be held liable for damage to picture glass and frames or for natural changes in living materials, such as the bleaching of paper and the formation of cracks in wood, or for wear and tear in connection with viewings.

7.4 SAV is not obliged to compensate the Seller for any damage exceeding the insurance value for a submitted item under clause 7.1.

7.5 SAV is entitled to remedy damage to an item instead of paying compensation where SAV finds it appropriate.

7.6 SAV’s liability for submitted items is limited to what is stated in these Seller’s Terms.

7.7 In the event that SAV has compensated the Seller for an item, SAV has, once compensation has been paid, title to and the right to repossess the item.

8. RESERVE PRICE

8.1 The Seller is entitled to set a reserve so that a submitted item is not sold below a certain price, provided that the estimated price is SEK 2,000 or higher. The reserve price may not exceed the estimated price. If the estimate is stated as an interval, the reserve may not exceed the lower price in the interval. The reserve price shall be agreed in consultation between the parties and be approved by SAV and confirmed in the sales agreement or in writing at a later time by agreement with SAV.

8.2 If an item does not reach the reserve price, or is knocked down without any bid having been received, the item reverts to the Seller.

8.3 SAV is entitled to sell an item below the reserve price provided that the Seller receives the same payment as if the sale had reached the reserve price.

9. BIDDING

9.1 The Seller is not permitted, whether personally or through anyone else, to manipulate the bidding. SAV is not liable for any legal consequences arising from the Seller’s manipulation of the bidding.

10. ACCOUNTING

10.1 After the auction has closed, the Seller receives a written preliminary statement of the auction result.

11. PAYMENT

11.1 Payment to the Seller is made twenty-five (25) banking days after the close of the auction, provided that full payment has been received from the buyer and provided that the buyer has not given notice of a defect in, or rescinded, its purchase or, in the case of an Online auction, has not exercised the statutory right of withdrawal. If the buyer’s withdrawal period has not expired at the time of the ordinary payment, payment to the Seller is postponed until three (3) banking days after the expiry of the withdrawal period. If SAV exceptionally allows the Seller to be paid before the buyer has paid SAV, the Seller transfers title to the submitted item to SAV.

11.2 (Online auction only) If the buyer has exercised the statutory right of withdrawal within the withdrawal period, the sale is rescinded and the item is put up for sale again on unchanged terms of sale.

11.3 All payment is made to an account designated by the Seller at a bank within the EU or the EEA or at another bank which SAV approves at its own discretion. The Seller is responsible for ensuring that the account details provided are correct. Any bank charges in connection with payment are borne by the Seller. Payment in cash is not permitted.

11.4 If the buyer has not paid in full at the time of payment under clause 11.1, or if notice of a defect or rescission has occurred, the sale may be rescinded by SAV, unless SAV and the Seller agree to continue to demand payment from the buyer. SAV has no obligation to take measures against the buyer unless a specific agreement to that effect has been made with the Seller. Nor is SAV liable for the loss which the Seller may suffer as a result of non-payment.

11.5 If the Seller has a debt due and payable to SAV, SAV is entitled to set off such debt before payment to the Seller.

12. UNSOLD ITEMS

12.1 Online auctions: If an item is not sold and unless otherwise agreed, SAV is entitled, without prior notice, to publish the item for sale at auction again. If the item has already been at auction three times, SAV is entitled to publish the item a further three times with the reserve reduced by a maximum of 20%. Items which, despite attempts at resale under this clause, have not been sold shall be collected by the Seller no later than five (5) days after the most recently closed auction. For items not collected, SAV is entitled to charge a fee of SEK 50 per day and item after day five (5).

Hammer auctions: If an item remains unsold when it is offered at an auction, SAV has the exclusive right, within five (5) days after the last day of auction in the auction round in which the item was offered, to sell the item for no less than the reserve price by way of a “private sale”.

12.2 Online auctions: Items shall be collected by the Seller no later than five (5) days after the most recently closed auction in accordance with clause 12.1 above.

Hammer auctions: If an item does not reach the reserve price and is not sold, the item shall be notified in writing for resale or be collected no later than five (5) days after the auction.

12.3 For items not collected in time in accordance with clauses 12.1-12.2 above, a storage fee of SEK 50 including VAT per item and calendar day is charged. For furniture and other bulky items, a double storage fee applies.

12.4 If the Seller has a debt due and payable to SAV, SAV is entitled to retain unsold items as security for the Seller’s payment of such debt.

12.5 If the Seller fails to pay a debt due and payable to SAV, or to collect unsold items within the time limit stated in clauses 12.1-12.2 above, SAV is entitled to send uncollected items to storage at a freight forwarder of its choice. All transport and storage costs are charged to the Seller.

12.6 SAV is entitled to sell items which have not been collected by a Seller in accordance with the provisions of the Act (1985:982) on the right of traders to sell goods that have not been collected (lagen (1985:982) om näringsidkares rätt att sälja saker som inte har hämtats). The sale proceeds shall be applied firstly to cover costs for storage/forwarding fees and thereafter to cover SAV’s claims against the Seller which are due and payable. Any surplus shall be paid to the Seller.

12.7 For unsold items which are not collected in time by the Seller in accordance with clauses 12.1-12.2 above, SAV has no responsibility for storage. Such items are therefore thereafter stored at the Seller’s risk.

13. RIGHT OF WITHDRAWAL

13.1 (Online auction only) Sales of items which take place solely by auction online and where bidders have no opportunity to be present in person are covered by the right of withdrawal under the Distance Contracts and Off-Premises Contracts Act (lagen (2005:59) om distansavtal och avtal utanför affärslokaler). If the buyer exercises its right of withdrawal, SAV reserves the right, without prior notice to the Seller, to republish the item for bidding, whereupon SAV bears no financial liability towards the Seller for changes in the item’s final price upon a resale. If a buyer exercises its right of withdrawal, SAV also reserves the right to reclaim any compensation paid out to the Seller.

14. LIABILITY FOR DEFECTS

14.1 The Seller is responsible for the authenticity of items. In the event that an item, in SAV’s assessment, constitutes a forgery or an unlawfully exported cultural object, is suspected of being associated with money laundering or terrorist financing, or is deemed to have been stolen or to be subject to restitution, SAV is entitled to withdraw from the sales assignment and to retain the item and/or to report the matter to the Swedish Financial Intelligence Unit (Finanspolisen) or another competent authority. If the item has already been sold when the doubts come to light, SAV is entitled, where applicable, to refund the purchase price paid to the buyer and to claim the corresponding amount from the Seller, if the purchase price has already been paid out to the Seller. In these situations SAV is also entitled to retain the purchase price.

14.2 Items are sold to buyers on the terms set out in SAV’s purchase terms. The Seller is reminded that the buyer may, on the basis of the purchase terms or mandatory consumer legislation, assert a defect or deficiency in a sold item, withdraw from the purchase or make other claims arising from the purchase, and that such claims may give rise to liability for the Seller under the clauses below.

14.3 In the event that SAV becomes liable to a buyer for defects or deficiencies in sold items, SAV is entitled to compensation from the Seller corresponding to what SAV has paid or is obliged to pay to the buyer, together with SAV’s costs arising from the claim. The compensation includes but is not limited to the purchase price refunded, the buyer’s commission refunded and other fees which SAV has refunded to the buyer, price reductions or other compensation, the cost of repair or replacement, the cost of return, transport, insurance, handling and storage of the item, the cost of investigating the item, reasonable costs of legal representation and costs in court or other dispute resolution proceedings, and interest under the Interest Act (räntelagen (1975:635)).

14.4 If the buyer wishes to rescind the purchase, SAV is entitled to decide whether the rescission is to be accepted. If the purchase is rescinded, SAV has the right but not the obligation to resell the item in accordance with section 12 of these terms.

14.5 Unless otherwise required by mandatory legislation, SAV is in no case liable for direct or indirect loss which the Seller may suffer, unless SAV has acted with gross negligence. It is incumbent on the Seller to take reasonable measures in order to prevent, avert or limit loss or damage.

15. PERSONAL DATA

15.1 SAV is the controller for the processing of the Seller’s personal data. Information on the processing, its purposes, legal bases, recipients, storage periods and the rights of the data subject is set out in SAV’s privacy policy at https://stockholmsauktionsverk.com/sv/personuppgiftspolicy/.

15.2 In the event of changes to registered information, the Seller shall itself notify SAV of this.

15.3 Personal data may be disclosed to Stockholms Auktionsverk’s parent company (Auction Network Sweden AB, company registration number 556859-5150, Grev Turegatan 44, 114 38 Stockholm).

16. OBLIGATION TO PROVIDE INFORMATION TO THE SWEDISH TAX AGENCY

16.1 Under the Act (2022:1681) on platform operators’ collection of certain information in the field of taxation (lagen (2022:1681) om plattformsoperatörers inhämtande av vissa uppgifter på skatteområdet), SAV may be obliged to collect certain information about sellers. SAV may, in addition, be obliged to provide information to the Swedish Tax Agency (Skatteverket) in accordance with the Tax Procedure Act (skatteförfarandelagen (2011:1244)). The Seller is responsible for ensuring that the information provided to SAV is correct and for notifying changes without delay.

17. FORCE MAJEURE

17.1 SAV is relieved from liability for failure to perform a particular obligation under these terms if the failure is due to a circumstance of the kind stated below and the circumstance prevents or substantially impedes timely performance thereof. Relieving circumstances shall be deemed to include acts of war, currency restrictions, shortage of means of transport, fire, action by a public authority, amended legislation, labour conflict, general shortage of goods, restrictions in power supply, accident, epidemic, pandemic, cyberattacks and IT operational disruptions at third parties, power and communication outages, sanctions/export restrictions and natural disasters or circumstances equivalent thereto. If SAV’s performance of a particular obligation is delayed by more than three months due to a relieving circumstance, the Seller is entitled to rescind the agreement in writing without any obligation to pay compensation.

18. LANGUAGE VERSIONS

18.1 These Seller’s Terms exist in Swedish and English. In the event of any discrepancy between these versions, the Swedish version shall prevail.

19. GENERAL

19.1 In the event that the Seller has acted in the capacity of a consumer, the terms of mandatory consumer legislation apply instead of these terms if and to the extent that mandatory legislation provides terms that are more favourable to the Seller than these terms.

19.2 Disputes concerning SAV’s terms shall be determined in accordance with Swedish law before the general courts in Sweden, with Stockholm District Court as the court of first instance.

19.3 In the event of a complaint where the parties fail to reach agreement, a seller who is a consumer and resident within the EU has the possibility of turning to the National Board for Consumer Disputes (Allmänna reklamationsnämnden), www.arn.se or Box 174, 101 23 Stockholm. Consumers resident in another EU/EEA country can obtain free guidance from Konsument Europa (ECC Sweden), www.konsumenteuropa.se.

These terms apply as of 21 September 2026.