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.

ReturnsNo 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.