Important Chinese Art, Buddhism & African Art

These terms and conditions apply to all auctions held by Asian African Art Auction Amsterdam known as Becker Antiques since 1969. Participants are informed at the beginning of an auction that these terms and conditions are applicable. Participation in an auction implies acceptance of these terms and conditions. In these terms and conditions: a. "auction" means a public auction sale of a lot; b. "lot" means the item or set of items of movable property sold by auction under one number; c. "bid" means the price offered by a bidder for a lot offered for sale at the auction; d. "bidder" means anyone making a bid at the auction; e. "buyer" means the bidder to whom a lot is knocked down; f. "knock-down" means the statement by the auctioneer that a bid is accepted, as a result of which a contract of sale and purchase is concluded between the consignor and the buyer; g. "consignor" means the person who has consigned the lot to Asian African Art Auction Amsterdam for auction; h. "hammer price" means the price at which the auctioneer knocks down a lot to the buyer; i. "purchase price" means the hammer price plus buyer's premium (including VAT) and, where appropriate, any resale royalty. Depending on the hammerprice the buyer will be charged the following premium: Up to € 20.000 20% € 20.001 - € 200.000 10% From € 200.001 5% All percentages are including VAT. Please note: there will be a 5% surcharge for bidding through liveauctioneers ARTICLE 1 1. Each bid shall be unconditional and irrevocable. 2. Anyone making a bid at an auction shall be deemed to be a bidder, even if the individual in question declares that he has not made a bid on his own behalf. 3. If a buyer has made a bid on behalf and at the expense and risk of one or more third parties, such third party/parties and the buyer shall be jointly and severally liable for the fulfilment of the obligations incumbent upon the buyer under these auction terms and conditions. ARTICLE 2 1. Asian African Art Auction Amsterdam shall have the right to change the order in which the lots are sold, to combine or divide lots, to withdraw one or more lots, and to furnish additional or different information on the lots at the auction. 2. The auctioneer shall determine the bid increments; a new bid shall automatically increase the standing bid by the applicable bid increment. 3. The auctioneer shall have the right to refuse a bid without giving reasons, and to continue the bidding process. 4. The auctioneer shall have the right to make bids on behalf of prospective buyers who are not at the auction. 5. The auctioneer's decision made at the auction regarding any occurrence during the auction and regarding the interpretation or application of the auction terms and conditions shall, by way of a binding opinion, be absolute and final. ARTICLE 3 1. Asian African Art Auction Amsterdam guarantees that each lot conforms with its description in the catalogue, except as expressly stated otherwise at the auction. 2. The buyer shall not have the aforesaid right if the defect or incorrect description is announced at the time of auction or has arisen after the knock-down. ARTICLE 4 1. A lot shall be sold and title there to shall pass to the buyer in the condition in which the lot is at the time of knock-down. 2. The lot shall be entirely at the buyer's expense and risk from the time of knock-down. ARTICLE 5 1. The lot shall be transferred to the buyer or the buyer's representative after Asian African Art Auction Amsterdam has received the purchase price. 2. The purchase price must be paid to Asian African Art Auction Amsterdam within three days of the auction, failing which the buyer shall be required to pay the costs of transport, storage and insurance, plus interest at the rate of statutory interest. Such interest shall be calculated from the date of the auction until the date of payment in full. 3. Asian African Art Auction Amsterdam shall have the right to put items that have been sold but not yet collected into storage at the buyer's expense after five working days. 4. If the buyer has not paid the (full) purchase price within thirty (30) days of the auction date, the buyer shall be in default and Asian African Art Amsterdam shall have the right to take immediate action to recover the outstanding debt, or to consider the contract of sale and purchase cancelled and to sell the lot by auction or private treaty. 5. A defaulting buyer shall be liable for any loss or damage sustained by Asian African Art Auction Amsterdam as a result of a cancellation and sale as referred to above and shall not be entitled to any surplus arising from such sale. 6. Any costs reasonably incurred by Asian African Art Auction Amsterdam in connection with the non-fulfilment by the buyer of any obligation arising from these terms and conditions shall be payable by the buyer. ARTICLE 6 In accordance with the margin scheme, VAT is charged only on the premium and any other charges. The purchase price referred to in these terms and conditions includes VAT on the premium. Buyers entitled to opt for application of the margin scheme may request that VAT also be charged on the hammer price. The hammer price of lots imported for auction from outside the European Union is always subject to VAT; the lots in question are marked in the auction catalogue with an asterisk (*). ARTICLE 7 1. The legal relationship between the buyer(s) and Asian African Art Auction Amsterdam shall be governed by the laws of the Netherlands. 2. In the event of a conflict or inconsistency between the Dutch text and any translation of these terms and conditions or the auction catalogue, the Dutch text shall prevail. Shipping Terms We arrange both inhouse and third party shipping. When you choose shipping arragned by us we will first provide you with a quote. This quote will include shipping, packing, VAT (if applicable) and any other fees. Each fee will be specified on the quote. When the quote has been accepted and paid the item/items will be sent immediately. Payment Accepted Forms of payment By bank transfer By Visa, MasterCard, American Express (additional fee of 4%) By PayPal (additional fee of 4%) Bidder cards may be charged 4 days after an invoice has been sent. Buyers Premium Depending on the hammerprice the buyer will be charged the following premium: Up to ? 20.000 20% ? 20.001 - ? 200.000 15% From ? 200.001 5% All percentages are including VAT. Please note: there will be a 5% surcharge for bidding through liveauctioneers We hold the right to charge your creditcard after four days post invoice (buyer to pay all related creditcard charges or additional fee's) VAT In accordance with the margin scheme, VAT is charged only on the premium and any other charges. The purchase price referred to in these terms and conditions includes VAT on the premium. Buyers entitled to opt for application of the margin scheme may request that VAT also be charged on the hammer price. The hammer price of lots imported for auction from outside the European Union is always subject to VAT; the lots in question are marked in the auction catalogue with an asterisk (*).