Salcedo Auctions SupportHow can we help?
Your experience matters deeply to us.
Every journey into the art world is unique, and our mission is to guide and support you at every turn. Here, you’ll find curated insights, guidelines, and resources to enrich your understanding and participation in the world of art.
From foundational knowledge to expert insights, this hub ensures you’re well-equipped and informed. Embark on an elevated art journey, knowing you have the trusted expertise of Salcedo Auctions by your side.
How It WorksGuides for Bidding, Buying, and Selling
Our guides simplify the auction process for you. Learn how to bid effectively, understand the steps to buy, or get insights into selling your items. These resources provide clear instructions for each stage, ensuring you’re well-prepared for your auction journey.
How to Bid
Your Guide to Seamless and Successfull Bidding
How to Buy
Your Guide to Private Acquisitions from Premier Collections
How to Sell
Your Guide to Consigning your Art and Valuables
Learn How
GlossaryAuction Terminologies
Absentee Bid
Auctioneer
Buyer’s Premium
Fair Warning
Hammer Price
Phone Bidders
Lot
Opening Bid
Paddle Number
Provenance
Reserve Price
Absentee Bid
Absentee Bid
When a client cannot attend an auction, they may indicate their maximum purchase price. Our staff will bid on your behalf and do its utmost to purchase the lot for you at the lowest possible amount.
Auctioneer
Auctioneer
The auctioneer isn’t just a smooth talker, they are experts, salespeople, and performers who land multi-million peso bids with only a gavel and their voice. After the artworks themselves, the auctioneer is the most important factor at an auction as they can make a big difference in the value of a sale.
Buyer’s Premium
Buyer’s Premium
The buyer’s premium is the amount above the hammer price that is paid as part of the total purchase price. The buyer’s premium is set at 15 percent, which, with value-added tax (VAT), comes out to 16.8 percent. The sum of the hammer price and the buyer’s premium comprises what is called the “total purchase price.”
Fair Warning
Fair Warning
A fair warning is given by the auctioneer that the hammer is about to come down on the lot.
This signals the last chance for the bidders to keep going and increase their bidding before the lot closes.
Hammer Price
Hammer Price
It is the price upon which the auctioneer’s gavel falls, determining the sale price, but does not include the buyer’s premium.
Phone Bidders
Phone Bidders
Often, clients prefer to relay their bids to a trusted representative who is present at the auction. Through phone bidding, a member of the Salcedo Auctions staff can call you directly from the saleroom to bid on your behalf.
Lot
Lot
A lot is an individual object or group of objects offered for sale at an auction as a single unit. It is the number assigned to the item for sale.
Opening Bid
The opening bid is separate from the reserve price. The opening bid can start a few increments below the reserve to encourage bidding at auction. We will not sell your item if the bid falls short of the reserve price.
Paddle Number
Paddle Number
Clients are given an assigned number on the paddle when they register. This paddle is raised when they want to bid to gain the attention of the auctioneer. This number is to identify the client when they win.
Provenance
Provenance
Provenance traces the ownership journey of artwork, from its creation by the artist to its acquisition by our consignors.
Examples of provenance documentation:
- An original and signed Certificate of Authenticity from the artist or their reputable heirs
- Original gallery sales receipts
- Verified statements of ownership and photographic documentation from past owners
Provenance acts as a safeguard against counterfeits and establishes the history of an artwork, adding to its value.
Reserve Price
Reserve Price
A reserve price is the minimum amount the consignor is willing to accept. Any offer for the lot below this price will not be sold. At Salcedo Auctions, the reserve price is always published at or below the low estimate printed in our catalogue––ensuring the fairness and transparency of the auction process and the reliability of Salcedo Auctions’ prices.
IndexArtists List
- Aldron Anchinges
- Alfonso Ossorio
- Alfredo Carmelo
- Alfredo Esquillo Jr.
- Allain Hablo
- Andres Barrioquinto
- Ang Kiukok
- Angela Silva
- Anita Magsaysay-Ho
- Benedicto ‘BenCab' Cabrera
- Betsy Westendorp
- Carlos “Botong” Francisco
- Carlos “Botong” Francisco
- Celia Molano
- Cesar Legaspi
- David Medalla
- Elmer Borlongan
- Elwah Gonzales
- Erika Mayo
- Félix Resurrección Hidalgo
- Ferdie Montemayor
- John Paul Duray
- Jose Joya
- Josephine Turalba
- Justin Nuyda
- Karina Broce Gonzaga
- Katarina Estrada
- Larry Alcala
- Luis Romero
- Macario Vitalis
- Mauro 'Malang' Santos
- Megumi Miura
- Mel Cabriana
- Moreen Austria
- Napoleon Abueva
- Nena Saguil
- Norberto Carating
- Oscar Zalameda
- Pacita Abad
- Pardo “Bubbles” de Leon
- Purita Kalaw-Ledesma
- Ramon Orlina
- Ricky Ambagan
- Roberto Chabet
- Rodel Tapaya
- Rodin Fernandez
- Romeo Tabuena
- Ronald Ventura
- Stephanie Honrado
- U Lun Gywe
- Vicente Manansala
- Victorio Edades
- Virginia Ty-Navarro
- Von Ng
USER GUIDEFrequently Asked Questions
What Is the ‘Buyer’s Premium’?
If you are the successful bidder for a lot, you will receive an invoice that indicates the auction price together with our standard 16.8% buyer’s premium, inclusive of value-added tax. This added fee allows us to provide our clients that distinctive Salcedo brand of customer service and the very best in Philippine art and valuable collectibles at a fair price.
What are your service fees for consignment?
Our service fees vary according to the quality of the item and the agreement reached between Salcedo Auctions and the consignor. Rest assured that our rates are always competitive, fair, and put the interests of the client first.
How can I see auction results?
Auction results are only accessible two weeks post-auction and can be viewed exclusively by logging into your account on our website.
Can I visit your office to view the items for auction?
We highly encourage our clients to visit our gallery to view our items for auction. No appointments are necessary, and entry is complimentary.
Why is it necessary to bring my consignments to your office?
Upon consignment, we request sellers to deliver their items to our office before the auction in order to conduct the necessary inspection, photography, and cataloging of your items.
Rest assured that your items are in the best hands and will be treated with the utmost care.
When can I expect my refundable deposit?
In case you’re unable to win an item at an auction, rest assured that your refundable deposit will be reimbursed to your account precisely one week after the auction. The refund will be processed using the same payment method initially used.
How do I register to bid?
You can register to bid by creating an account with us and registering to bid. For a more detailed guide, click here.
Can you ship my items?
Salcedo Auctions is delighted to offer logistical services for the convenient delivery and pickup of items to all our valued clients. Contact your designated Relationship Manager or email [email protected] to learn more.
Are there other alternatives aside from auction?
Salcedo Auctions provides personalized private selling services for clients seeking a discreet and controlled selling experience.
Contact your designated Relationship Manager or email [email protected] to learn more.
Can I submit my own artwork for auction?
Salcedo Auctions exclusively sells art from the secondary market; we are unable to consign work from individual artists or their representatives.
Contact UsGet in Touch
Address
NEX Tower
Ground & Podium Levels
6786 Ayala Avenue
Makati City
Business Hours
Tuesday – Friday 9 am to 6 pm
Saturday 9 am to 4 pm
Contact Info
T 63 2 8823 0956 / 8659 4094
E [email protected]
