All
Arts Auctioneers carries on business under
the following conditions formulated in
accordance with local laws, rules and
regulations, and general practice of this
trade. Buyers and Sellers are requested
to read carefully and to abide by the
following Conditions and be responsible
for their actions.
Conditions
mainly concerning the Buyers
All intended buyers must register
in person prior to the auction presenting
required identification to be eligible
as a bidder for that particular sale.
All buyers deem to be principle unless
a written acknowledgement has been presented
to All Arts Auctioneers prior to registration.
The
buyer is the highest bidder for a lot
and any dispute shall be settled at
the absolute discretion of the auctioneer.
A
premium of 15% will be added to the
hammer price on all item sold by All
Arts Auctioneers as the purchase price.
All
items in the auction are subject to
a reserve price (if any) and the auctioneer
could rightfully bid up the reserved
price.
The
Auction Catalog and Exhibition
All Arts Auctioneers prepares catalogs
well in advance of each sale identifying
each lot with respective description
and other details for identification
purposes, which is subject to revision
prior to the actual sale. While All
Arts Auctioneers used its best endeavor
to ensure the catalog description are
accurate but all representation as to
the authorship, origin, date, age, size,
medium, attribution, genuineness, authenticity,
provenance, condition and estimate selling
price is a statement of opinion only.
Any
statement or representation made by
staff or agent regarding any lot offered
for sale does not constitute as a guarantee
for the item.
All
lots are available for inspection prior
to the sale and intended purchaser deemed
to have examined each lot to his or
her satisfaction, and act responsibly
during the sale.
Commission
Bids
If the intended buyer is unable to attend
the auction in person, All Arts Auctioneers
can bid on your behalf based on a written
instruction prior to the sale as a service
provided but not to be held responsible
if an error occur. All Arts Auctioneers
will execute the earliest received commission
bid if two or more bid of the same amount
had been received for the same lot.
The bidding will be executed in strictest
confidence on your behalf to secure
the item at the lowest price possible
and never exceed the limit.
Removal
of Purchases
All purchasers are required to settle
the total purchase price and premium
within seven (7) days after the sale
and arrange the removal of the property
from our premises. All payment by checks
must be cleared before the release of
the property.
Conditions
mainly concerning the Consignor
The consignor to All Arts Auctioneers,
either as the owner or the agent for
a third party must warrant that he or
she has undisputed ownership/authority
over the property. All Arts Auctioneers
have absolute discretion on the following
matters,
a) whether a lot is suitable for sale,
and the sale date, place and condition
of sale.
b) representation and illustrate the
item in the catalog and other media
c) obtain expert opinion or perform
scientific dating tests at the owners'
expense without prior notice to the
owner.
d) recover the illustration expense
from the owner for offering an item
for sale.
e) rightfully withdraw any item prior
to the sale
While
serving as the agent for the consignor,
All Arts Auctioneers will deduct commission
from the proceed at predetermined rate
if sold.
All
lots will be offered subject to a reserve
agreed in confidentiality between All
Arts Auctioneers and the consignor in
writing and can not be altered without
agreement by both parties. The consignor
will not be allowed to bid on his own
property.
The
consignor will receive the proceed for
the sale 35 days after the auction subject
to payment has been received from the
buyer.
The
consignor must make arrangements to
remove unsold items from our premise
fourteen (14) days after the auction
at which the insurance arrangement for
the property expires.
|
