Auction Terms And Conditions of Sale
Our Guarantee: All items in our sale are guaranteed to
be as described in our catalog and to be free of other problems or repairs which
are not listed. Crazing is usually only mentioned if objectionable. Sizes are
approximate. (See Peck Book II for shape number references). We guarantee the
authenticity of all lots in this auction. Please bear in mind that most of the
objects in our sales are hand made and often have small imperfections as part of
the creative process. We will mention all of these that we, as collectors,
would find in the least objectionable ourselves. Any return for refund for
damage, repair or authenticity must be in our hands within 30 days after the end
of the auction.
Terms of Sale: The buyer is the person making the final and
highest bid. In the event of a disputed bid, the auctioneer shall determine who
is the successful bidder, or the auctioneer may resell the lot in dispute, but
in all instances the judgment of the auctioneer shall be final.
Sales Tax: A 6 1/2% Ohio Sales Tax applies to all
retail purchases. Ohio Sales Tax exemption forms must be executed and filed with
the auction clerk at the time of auction registration.
Note: Purchasers of items shipped out of state are subject (where
applicable) to report and pay use tax to the state into which the items are
being shipped.
Withdrawal: The auctioneer reserves the right to withdraw
any lot before or at the time of the sale.
Credit, Methods of Payment: Cash, Visa,
Mastercard, certified check and bank letters of credit are acceptable methods of
payment. International payment can only be done with Visa, Mastercard or wire
transfer in American dollars. Payment for the net amount of the purchase
including shipping must be in Ameican dollars and buyer is to pay all wire
transfer fees. We do not accept out of country checks. If you are known to us,
your credit, and your credit only, can be established. Please check with the
sale clerk. No company or personal references are accepted. We would appreciate
credit arrangements being made in advance of the auction date. Persons not
making prior credit arrangements can pay by personal check, but no merchandise
can be removed until all checks have cleared. Any packing and shipping expenses
will be borne by the purchaser. All items must be paid in full within 72 hours
of the end of sale or the Auctioneer retains the right to resell the property,
either at auction or by private sale. Purchaser will be liable for any
deficiencies and all costs incurred, including collection and legal fees.
Credit card purchases will incur an additional 3% fee. The
auctioneer may require any bidder to pay for his or her purchases at any time
during the auction.
International Payment:
Visa and
Mastercard are acceptable.
Otherwise buyers must pay by wire transfer to our bank in Cincinnati.
Payment for the net amount of the purchase including shipping must be
in American dollars and buyer is to pay all wire transfer fees.
We do not accept out of country checks.
Bidding: Lots will be sold in the order in which they
appear in the catalog. The normal bidding increments are as
follows:
0-$200
Bids will increase in $10 increments
$200-$500
Bids will increase in $25 increments
$500-$1000 Bids will increase in $50 increments
$1000-$5000 Bids will increase in $100 increments
$5000-$10000 Bids will
increase in $250 increments
$10000+ Bids will increase in $500 increments
The Auctioneer reserves the right to vary the bidding increments.
The final bid is the price at which the lot is knocked down to the buyer. This
final bid, in all cases, is subject to an 18% buyer’s premium (20% if bidding
via the Internet), the purchase price being the total of the two sums. You may
deduct 3% from the buyers premium when paying by check or with cash if payment
is received within 10 days of the end of the auction. After the 10 day period
has passed, no deduction may be taken. If the purchase price is not paid in
full, the auctioneer may either cancel the sale, and any partial payment already
made shall be there upon forfeited as liquidated damages or the auctioneer may
resell the lot, without notice to the buyer.
Absentee, Written, Telephone and Internet bids:
Absentee bids are welcomed. Absentee bids will be executed as if the bidder were
present at the auction with the earliest bid received having preference in case
of a tie between absentee bidders. Floor bids will be taken over absentee bids
in case of a tie. Absentee, written or telephone bids are subject to the same
18% buyer’s premium, and all credit requirements as listed above. Internet bids
are subject to a 20% buyer’s premium as well as the credit requirements. You
may deduct 3% from the buyer’s premium when paying by check or with cash if
payment is received within 10 days of the end of the auction. After 10 days, no
deduction may be taken. The auctioneer, Cincinnati Art Galleries, LLC and their
employees are not responsible for absentee, internet, written or telephone bids
that are not properly executed. We have a limited number of telephone lines
available during the auction. These will be reserved on a first come first
served basis for telephone bidding. Due to the limited number of lines, we may
not be able to accommodate telephone bidding on lots with low estimates of under
$500. We will be happy to accept absentee bids on any lots not eligible for
telephone bidding. All packing and shipping cost will be borne by the purchaser.
Floor bids, phone bids, internet bids and absentee bids are all
independent operations in an auction and we cannot guarantee which will
reach a certain point in the bidding first. We will treat all bids
with the same respect.
LiveAuctioneers will accept absentee bids for our auction and they will
execute them for you. Keep in mind that LiveAuctioneers is one of four
entities bidding in our auction. The others include phone bidders,
bidders in our audience and our own absentee bidders.
The bottom line in any auction is simple. The highest bidder is the
winner. It does not matter when you leave your bid with
LiveAuctioneers because
when the bidding starts, there is no way to control where the bidding will
start or where it will end. We wish to be fair to everyone but leaving
absentee bids with LiveAuctioneers or with us does not guarantee you will be
the high bidder when the bidding is over.
If you would like a demonstration of how this works, please let us know.
Phone Bids: Phone lines are available on a first come, first
served basis and are limited in number. All requests for overseas telephone
lines must be accompanied by absentee bids which will be executed on the
behalf of the bidder in case there is any problem in making the connection.
Please make arrangements for phone lines as soon as possible, preferably at
least one day before the sale. Please call to arrange for phone lines
rather than fax or email the request. We also desire that anyone bidding
on the phone be ready to bid up to the low estimate on the item in question.
If that is not possible, we would prefer that you leave an absentee bid (which
can be any amount) rather than tie up a phone line.
Buyer’s Premium: All bids are subject to an 18% buyer's
premium and all credit requirements as listed above. Internet bids are
subject to a 20% buyer's premium as well as the credit requirements. You may
deduct 3% from the buyer’s premium when paying by check or with cash if payment
is made within 10 days of the end of the auction. After the 10 day
period, no deduction may be taken. The final bid (“hammer” price) is
subject to a buyer’s premium (see “Absentee, Written, Telephone and Internet
bids” above). The purchase price is the total of these two sums.
Reserves and Estimates: The estimated value of each lot is
printed in the catalog, and merely reflects the price range into which a lot
might fall. Most lots have a reserve price below which they will not be sold.
The reserve price is not published in the catalog, but in no case is it higher
than the lower amount of the estimated range. Sellers reserve the
right to have Cincinnati Art Galleries, LLC act as their bidding agent and
execute bids up to and including the reserve amount.
Removal: All lots are to be removed by their buyers not
later than 9:00 p.m. day of sale. Lots are released to buyers upon presentation
of proof of payment.
Packing and Shipping: There is a minimum charge of $20 plus
insurance to pack and ship any single lot in the sale. We do our own
packing and shipping and we use quality materials and have expert packers.
We will pack any item and arrange shipping through U.P.S., Federal Express,
United States Postal Service or other shippers, as long as the items are
insured. International shipping is likewise available. Packing and shipping will
be done on a “time and material” basis and all cost will be billed directly to
the purchaser but there is a minimum cost of $20 plus insurance for any single
item shipped. Because of the large number of items to be shipped
after our auction, it may take 3 to 4 weeks to ship everything. Items are shipped in the order in which they are
paid.
Advice to Bidders: The Cincinnati Art Galleries, LLC
staff is available to discuss all lots with potential buyers at all presale
exhibitions, or by telephone (513-381-2128) Monday thru Friday 9 a.m. to 4 p.m.,
Saturday 10 a.m. to 4 p.m.
Returns: No item may be returned if payment
for that item was not received within 15 days of the end of the auction.
Prices Realized: Prices Realized figures will be
available on our Website shortly after the sale. Copies will be mailed on
request only.