Please read the following "Terms of Sale" carefully. These terms are applicable to all floor bidders and mail bidders in this auction. Your submission of bids in this Auction constitutes your acceptance of these "Terms of Sale".
1. This is a public auction sale, NOT an approval sale. At the fall of the gavel or auctioneer's call of "Sold", all sales are final. By bidding in this auction, the bidder personally guarantees payment. The auctioneer has final discretion in all matters. In case of dispute, the lot(s) in question may be resold. Lots will be sold in their numerical sequence unless the auctioneer directs otherwise.
2. Payments must be made in Full and lots must be removed the day of the sale or by 5p.m. the next day. Absolutely No lots will be released until payment in full has been made. Payment may be made in Cash, by Personal Cheques (with proper identification, at their discretion of International Auction Galleries), or by Major Credit Cards. Successful postal bidders will be notified by mail.
3. A 15% buyer's premium will be added to the knock down price of each lot (includes GST). All Credit Card payments by Amex and Diners will incur a further 3% surcharge.
4. Unless otherwise specifically stated by the auctioneer, each new bid shall be raised above the previous bid by such amount as is determined by the auctioneer during the course of the auction, and no party shall be allowed to retract his or her bid after acknowledgment by the auctioneer.
5. The auctioneer reserves the right to refuse any bid and to withdraw any goods from sale at any time, or to disclose any reserves or vendor information, without having to state any reason.
6. At the fall of the hammer, (if required by the Auctioneer), the purchaser shall give his or her full name and address, and pay 25% of the purchase price deposit. In default, the lot(s) purchased may, at the auctioneer's discretion, immediately be reoffered and resold. All lots sold will remain the property of the owner/vendor until cleared payment is made in full. Only then will the title of ownership of the lots pass to the purchaser, irrespective of any terms or deferment of payment due.
7. Except as otherwise provided by state of federal law, no condition or warranty is given or implied by the auctioneer in respect of any lot offered. As all lots are given for inspection prior to the commencement of the sale, it shall be presumed that the goods have been inspected and that the purchaser accepts the goods bought with all faults, if any, as described. All lots are guaranteed genuine, except where so described; however if a lot sold is found to be a deliberate fake or forgery, the purchaser may return it, and receive upon confirmation of the same, a full refund.
8. The auctioneer shall not be liable for any description or mis-description given to the goods for sale. Any statement as to the quantity of goods is approximate only and is as represented to the auctioneer. The auctioneer gives no warranty that the quantities as stated are correct.
9. If any purchaser fails to comply with any of these conditions or if any cheque given on account of the purchase price of any goods is dishonoured, any monies which the purchaser has paid to the auctioneer on account of the purchase shall be forfeited absolutely to the vendor. The vendor or the auctioneer is at liberty to re-sell the lot in any manner and upon such terms and conditions as they may deem proper and to sue the purchaser for damages. All losses and expenses incurred by the vendor or the auctioneer and all damages which the vendor or the auctioneer may sustain resulting from any re-sale, shall be recovered from the purchaser as liquidated damages. Without limiting the generality of the foregoing the auctioneer in the event of such resale is entitled to:
a) The amount of any commission lost as a result of the purchaser not proceeding with the purchase
b) The cost of advertising in respect of any such re-sale.
A service charge of 2% per month (Or part thereof) will be added to all overdue accounts ( 30 days after the date of Auction is then deemed to be in the overdue period for unpaid accounts).
10. Estimates are given only as a guide, and not given as starting points for bidding: lots may sell for a price greater than or less than these estimates. Bidding will start at an increment above the lowest postal bid received, or at the Auctioneers sole discretion. All prices are in Australian Dollars.
11. No lots purchased by a floor bidder may be returned, including those lots where the bidder is acting as agent for another, or to mail bidders who have examined the lot(s). These are no returns or refunds except for reason of lack of authencity or genuine mistake. Late remittance constitutes just cause for revocation of all return privileges. In no event may any lot(s) be returned after (21) days from the date of the auction. All sales are then final. |
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