La Gazette Drouot
Practical guide - Sales Estimates and Purchases
Practical guide - Sales Estimates and Purchases
Drouot is the oldest public auction house in the world. A crossroads of the art market, and an inexhaustible supply of paintings, furniture and objets d’art from all periods and at all values, Drouot is a magical, ephemeral museum open to everyone. Not only can you stroll in front of the exhibition windows and consult the sales catalogues, but you can also go up close to the works, examine them, see their estimates...and perhaps acquire the object of your dreams – a thrilling experience.

Drouot today:
Twenty-one auction rooms divided into four specialised sites, and more than one hundred auctioneers qualified to conduct sales, grouped into 74 auction houses and 72 legal practices.
It sells 600,000 items in around 3,000 sales each year, and provides a range of competitive services including assessment, transport and storage of objects, and cultural training. 

How can you sell at Drouot?
To sell an item or a work of art at the auctions, simply contact one of Drouot’s auction houses or speak to Drouot Estimates. The auctioneer gives an initial estimate and decides on the best conditions for selling: catalogue, advertising, and so on. The object will be included in one of the Drouot auction sales according to its speciality. The seller may set a reserve price, a confidential minimum below which the object will not be awarded. If bids do not reach this threshold, the object remains unsold. It will then be returned, or proposed in a subsequent session at a slightly lower price. The costs borne by the seller are fixed by mutual agreement with the auctioneer, depending on the expenditure incurred by the sale. The most important works may be presented in a preview in one of the "Highlights" exhibitions held twice a year at Drouot-Montaigne, in May and November, thus benefiting from considerable media coverage and an extensive public relations campaign with collectors worldwide.

How can you estimate the value of your objects?
The Drouot auctioneers are authorised to value objects and give an estimate. They can draw up an inventory in preparation for a sale, an inheritance, a division or insurance. This inventory is a genuine directory of movable assets, including their description and evaluation. The Drouot auctioneers are also available for advice on the management of movable assets. If you wish to obtain an estimate of an object you own, you can contact one of Drouot’s voluntary sales companies or the Drouot Estimates office.  You can also get a first opinion from a photo sent by mail, or make an appointment by telephone to arrange for an estimate at your home. A qualified auctioneer will then value your objects on the premises.

How can you buy at Drouot?
The objects are exhibited before the sale. During the exhibitions, the auctioneers and their staff provide information on the objects and announce the estimates. There are three possibilities for participants in the sale. If the bidder is present, a simple hand gesture to the auctioneer means a raised bid. In this case the bid amount is left to the discretion of the auctioneer. If you want to make a specific bid, it is recommended to say the amount out loud. The object will be awarded to the highest bidder. The auctioneer will then give you a purchaser's slip enabling you to take possession of your purchase after payment. If you cannot attend the auction, you can leave a proxy bidding form with the auctioneer or auction clerk. The proxy bidding form authorises the auctioneer to represent any person absent at the time of the sale and complete the purchase on that person's behalf for the best price. You can also make bids by telephone or, with certain auctions, the Internet. In both cases you need to contact the office or the auction house before the sale.

What are the fees? How do you pay for your purchases?
In a voluntary sale, the selling price includes the auction price plus any fees set freely by the auction houses. In a judicial sale, the selling price includes the auction price plus legal fees, amounting to 14.352% including tax. Payment is made either in cash, cheque or credit card.
Sixteen rooms devoted to the sale of paintings, furniture and objets d'art.

9, rue Drouot, 75009 Paris.
Tél. +33 (0)1 48 00 20 20

Public car park (open 24 hours a day):
12, rue Chauchat.

Storage and delivery of objects: :
6 bis, rue Rossini.

Open : Monday to Saturday, 11:00 to 18:00.

Exhibitions : the objects are presented to the public the day before the sale, 11:00 to 18:00
and the same day, 11:00 to 12:00

Sales :
They generally take place at 14:00
However, certain sales take place in the morning, evening or on Sundays.

Drouot’s exhibition and events space
is the ideal place to buy La Gazette Drouot.

12, rue Drouot, 75009 Paris.
Tél. 01 48 00 20 00

Opening hours : Monday to Saturday, from 10 a.m to 6 p.m.

The exhibition space 12 Drouot, the new showcase of the auction house’s expertise, offers a preview of the leading works of the season to come.

Two sales rooms for furniture and everyday objects.

64, rue Doudeauville, 75018 Paris
Tél. +33 (0)1 48 00 20 99

Public car park : 23, rue d’Oran.

Filing and delivery of objects: 23, rue d’Oran, 75018 Paris.

Open: Monday to Friday, 8:45 to 12:30.

Sales: Sales take place live, Monday to Friday from 9:00