Fine Arts and Antiques Auction

TERMS Inchoi Action Terms and Conditions All properties offered and sold through Inchoi Action shall be offered and sold on the terms and conditions set forth below. By bidding at the auction, whether present in person or by agent, by absentee bid, telephone, internet or other means, the buyer agrees to be bound by these terms and conditions. 1. A 20% buyer's premium will be added to the hammer price of each lot for bidders. 2. We recommend Internet bidders register at least 48 hours prior to an auction to give enough time to process and approve their registration. 3. All purchases (including buyer's premium) will be subject to a NY State Sales Tax of 8.875%, unless lots are being shipped out of state, or if the purchaser has a valid Tax Exempt or Resale Certificate. 4. All telephone and left bid buyers must provide a credit card to secure a bidding number. Once the bidder wins the item being auctioned, he/she will receive an invoice by email within 24-48 hours with instructions regarding payment and shipment of the item. 5. We accept payment by credit cards (MC, Visa, AE and Discover), check, cash, wire transfers, etc. All payments shall be made in US Dollars. Buyers can only collect lots after their balance due is paid in full. Should payments be made by check or draft, lots will only be released after bank clearance. PAYMENT MUST BE RECEIVED WITHIN 6 DAYS OF THE AUCTION. If the buyer fails to pay within 6 days, Inchoi Auction reserves the right to cancel the sale and reoffer the items and will hold the bidder responsible for any loss or other fees or damages incurred (Buyers are required to pay a 10% of the hammer price as Liquidated damages). Title transfers only when Inchoi Auction receives full and clear payment of the purchase price and any associated fees. 6. All properties purchased from Inchoi Auction must be collected or shipping arrangements made within 45 days of the auction. Inchoi Auction is not responsible for paid items left for over 45 days after the auction date (unless a prior agreement has been made). Items left past 45 days will incur a storage fee of $10.00 per day per item. Once storage fees have exceeded the actual purchase price of the item(s) Empire Auction House can exercise the right to re-auction. 7. All items are sold to the highest bidder acknowledged by the auctioneer. The auctioneer is the arbiter of any disputed bid. He may reopen bidding at his discretion and reject bids deemed inappropriate. The auctioneer reserves the right to withdraw any item and to reoffer the item at another time. Every effort is made by the auctioneer to execute all bids, including floor, absentee, telephone and internet bids. We are not responsible for any missed bids. Empire Auction House reserves the right to cancel any sale or bid before, during, and after the auction. 8. Some properties sold at auction may include materials from protected or endangered species subject to laws governing imports and exports to or from the United States or other countries. Obtaining of licensing for import or export of goods from local authorities is the sole responsibility of the buyer. Denial or delay of receiving an import/export license will not constitute grounds for cancellation or delay in payment for the total purchase price of lots. Buyer is responsible to ensure payment is processed and completed.