The Castle Auction

Participation in the auction is subject to the acceptance and unconditional acceptance of these Auction Terms and Conditions: 1. BID - The submission of a bid means a binding offer. - The bidder remains bound to his bid until it is either outbid or rejected by Auctioneer. - Bids of unknown persons may be rejected by Aucion House. - Persons who are not present may notify the Auction House in writing of any increase bids. These bids are considered as maximum bids, plus premium in cash. Changes to a written bid must be made in writing; they must be received by Friday, 31 May 2019, 6 p.m. at the latest. 2. AUCTION OBJECTS - The objects are offered and sold in the name and for the account of the consignor. - The Swiss Auction Company AG and the sellers disclaim any warranty for the age, origin, condition and quality of the vehicles and objects put up for auction. The objects are sold in the condition in which they were at the time of the auction. - All objects are to be inspected at the preceding exhibition. It is possible to get an idea of their condition and value and to obtain information. - The objects are described on the basis of the latest current state of knowledge to the best of our knowledge and belief. The Swiss Auction Company AG is not liable for obvious or hidden defects. 3. KNOCKDOWN/PROPERTY - The object is awarded to the highest bidder. The object will only be delivered to the buyer after payment has been made in full. - The knock down could be also with reserves. If it is called up «... with reserve», it means, that the Auction House can first consult with the seller and afterwards will inform the buyer, if his bidding was successful or not. - In the event of differences between two or more bidders, the Object may be offered again. - Once the bid has been accepted, no further complaints will be accepted. 4. KNOCKDOWN PRICE/COSTS - A premium of 22% must be paid on every object auctioned. For the boat 12% will apply. 5. PAYMENT OF THE OBJECTS - The auctioned objects must be paid for by Monday, 10 June 2019. In cash or on our account at the St.Gallische Kantonalbank. - Before leaving the auction room, each buyer is requested to take receipt of the relevant formalities at the auction office and to make an appropriate account payment. 6. DELIVERY/COLLECTION OF THE OBJECTS - The auctioned objects will only be delivered after the auction and after full payment. - The objects must be collected by Monday, 3 June 2019. Later collection is possible by agreement with the auction house until 15 June 2019. - Objects that are not collected on time will be removed from storage at the buyer's expense. 7. LEGAL ISSUES/LIABILITY - The Swiss Auction Company AG reserves the right to make changes and comments regarding the object description before and during the exhibition or until the bid is accepted. As soon as the bid has been accepted, no more notices of defects can be accepted. - The Swiss Auction Company AG, as sales commissioner according to article 425 ff OR, acts for the account of the consignor. Any liability for defects shall be excluded in accordance with section 2. Any notices of defects, claims for rescission or reduction must be addressed directly to the Consignor as the seller. No representative or employee of the Swiss Auction Company AG is entitled to issue any guarantees deviating from these. - The auction management may offer lots outside the numerical order without justification, and may combine, separate or withdraw catalog numbers. - Any participation in the auction is at your own risk. In the event of damage to exhibited objects, the causer shall be liable. - Each removal of the auctioned objects, also by third parties, is connected with own costs and risks. - The invoice for the auctioned objects is to be paid in accordance with section 5. If this is neglected, the auctioneer may, at his discretion, demand fulfilment of the purchase contract by charging a default interest of 1% per month on the hammer price plus surcharge and the costs of collection. However, he may also withdraw from the purchase contract without notice or other notification and cancel the knockdown and sell the object by private contract. In this case, the successful bidder shall be liable for all damages resulting from non-payment or delayed payment, in particular for any loss of proceeds. Any down payment made will be deducted from the damage. - The auction and all disputes arising from it are subject to Swiss law and to the judgement of the St. Gallen Court, subject to appeal to the Swiss Federal Supreme Court in Lausanne. This applies regardless of the legal domicile of the parties involved. - The German version of these Terms and Conditions of Sale, rsp. Auction Terms and Conditions, shall be authoritative for the assessment of disputes. - The place of jurisdiction is Degersheim, Canton St. Gallen. 8. GENERAL - The auction and sale conditions are made known to every interested person and are posted in the auction hall during the exhibition and auction. - Formalities, name and address of the buyer are required for bidding and auctioning an object. Registration entitles the buyer to bid. - It is the buyer's responsibility to protect himself against the risks of loss, theft, damage and destruction of the objects in question by taking out insurance in good time.en.