Why is the proof of identity needed?
The Money Laundering Act “Geldwäschegesetz” and the Cultural Property Protection Act “Kulturgutschutzgesetz” require auction houses to verify the identity of every auction participant.
What documents are needed for proof of identity?
For private clients:
- Identity card (front and back with current address) or passport
Additionally, for corporate clients:
- Commercial register excerpt or trade license