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 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. 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. The
auctioneer may require any bidder to pay for his or her purchases at any time
during the auction.
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 (23% if bidding
via the Internet), the purchase price being the total of the two sums. You may
deduct 3% from the buyer's premium when paying by check or with cash.
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 23% buyer’s premium as well as the credit requirements. The auctioneer,
Cincinnati Art Galleries, LLC and their employees are not responsible for
absentee, 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.
In the case of tie bids from absentee bidders, the
earliest received bid will be the winner. 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.
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 23% 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. 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. All 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 price.
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, please expect delivery to take 3 to 4 weeks for all
merchandise shipped. 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 5 p.m.,
Saturday 10 a.m. to 4 p.m.
Prices Realized: Prices Realized figures will be
available on our Website shortly after the sale. Copies will be mailed on
request only.