A short glossary
In addition to your winning bid there is also a buyers premium of 22,5% as well as a hammer fee of 40 SEK.
The estimate is what we, based on our experience, deem the market value of said item being. This is based mainly, though not solely, on realised prices of similar objects at auction. Winning bids can be both higher and lower than our estimates.
You can choose to, even at the earliest of stages, enter a 'maxbid' for an item. This allows for the 'bidding agent' of the system to bid on your behalf.
An example:
If you find an object estimated at 1,500 SEK, but without current bids, and you decide that your max will be 1,600 SEK. You then use the 'maxbid' feature to enter the value of 1,600 SEK. The auction then gets it's first bid of 100 SEK. If another bidder then bids 120 SEK the bidding agent bumps your current bid to 140 SEK. If they raise their bid to 500 SEK you will still be in the lead, at 550 SEK. This continues until the bidding agent reaches your max of 1,600 SEK, at which point it bows out.
This feature is good if you don't have the time to actually check in when the auction ends.
In some cases, with more valuable objects, there can be a reserve set for the item. This level is set by Karljohan Auktioner in dialogue with the seller. Set level constitutes a lowest bid where the item can actually be sold.
It's always shows if the level is not met, though the actual level is hidden. Usually the level is set around 70-80% of the estimate.
If you're the only bidder on an object with a reserve, you can easily raise your own bid until the reserve is met.
Droit de Suite is an additional fee used for unique objects of artistic sort. This fee goes directly to the artist during their lifetime. After death and the following 70 years it goes to the estate of the artist.
Droit de Suite is only applicable on objects with a sale price of more than 2,625 SEK (2023).