Important Asian Antiques and Works of Art

BUYER TERMS I. INTRODUCTION All bidders are responsible for reading and understanding the following terms of sale, as well as any supplemental notices or announcements. All property offered and sold through Showplace Antique + Design Center's Online Auctions Department is offered and sold on the terms and conditions in this entire document. By participating in any sale you acknowledge that you are bound by these terms and conditions. II. CONDITION REPORTS AND AUTHENTICITY The absence of condition remarks in an item description published in the online auction catalog does not mean that the item is in perfect condition. It is the buyer's responsibility to know the condition of property before bidding. Many items are available for preview by appointment from 10:00am to 5:00pm Monday through Sunday. Please contact Showplace's Online Auctions Department at least 24 hours in advance. It is the buyer's responsibility to know all the conditions and corrections before the sale. All lots are sold "As Is" and Showplace makes no warranties or representations of any kind with respect to any property offered for sale, since the auctioneer is acting solely as an auction broker and, unless otherwise stated, Showplace does not own the property for sale. Therefore the auctioneer makes no warranties in respect to the catalog description or any other statements of attribution, authenticity, provenance, origin, size, age, or condition of any property up for sale. Buyers must rely on their own knowledge when purchasing merchandise. ALL SALES ARE FINAL, therefore it is crucial that the bidder knows all the information about a lot before bidding on it. All statements contained in the online auction catalog or in any bill of sale, invoice, or elsewhere as to the authorship, quality, variety, provenance, importance, exhibition and literature of historical relevance or physical condition are qualified statements of opinion and not representative or warranties. If a buyer doubts the authenticity of an item, he/she has 30 days from the date of the sale to submit, at his own expense, an opinion in writing from a recognized expert, approved by Showplace and the purchaser, regarding authenticity. If the expert judges the item inauthentic, it may be returned in the same condition as at the time of sale and the buyer's full purchase price will be refunded. Refunds do not include the cost of transportation, shipping, insurance, or any other expenses that may be incurred by the buyer. It is the buyer's responsibility to pay in a timely fashion, such that the property can be released and inspected within the 30-day time frame. ALL MEASUREMENTS and WEIGHTS ARE APPROXIMATE. Showplace Antique + Design Center is not responsible for typographical errors or omissions. The descriptions of clocks, jewelry, and lighting devices, whether in catalogs, condition reports, or any other form may be incomplete and not identify every mechanical replacement, repair, or object. The absence of reference to the condition of a clock, jewelry, or lighting device does not imply it to be in working condition or without defects, repairs, restorations, or replacement parts. No warranty is made that any clock or watch is in working condition or without defects, restorations, or working parts. Buyers are advised to check if a watch or clock is working prior to placing a bid in the auction. We sell clocks, lamps, and all electrical items only for their decorative value. They are not represented to be in working order, but they may be. Bidding in a Showplace auction indicates that you accept these terms. WE RESERVE THE RIGHT TO WITHDRAW ANY PROPERTY BEFORE THE SALE AND SHALL HAVE NO LIABILITY WHATSOEVER FOR WITHDRAWAL OF PROPERTY. III. BIDDING A. Introduction to Bidding By bidding in the auction the buyer and all bidders agree to be bound by these terms or those changed and supplemented, whether Internet bidding or placing an absentee or phone bid. The highest bidder acknowledged shall be the purchaser. In the event a phone bidder is acknowledged as the highest bidder, he/she will be informed immediately and is responsible for paying the highest bidding price plus buyer's premium, necessary shipping fees, and applicable taxes. Absentee bidders acknowledged as the highest bidder will be informed within 72 hours after the end of the auction and are bound to payment. All successful bidders will be notified and invoiced within 72 hours following the sale. In the event of any dispute between bidders, the auctioneer shall have sole and final discretion either to determine the successful bidder or to re-offer and resell the article in dispute. B. Internet Bidders Showplace Antique + Design Center has engaged the services of Live Auctioneers. Please proceed to the Live Auctioneers user sign-up page for all necessary information on how to bid and buy online using this system. If you place absentee bids with the auction house or Live Auctioneers for any property, and also bid in person, by phone, or by any absentee bids prior to the start of the auction and are acknowledged as the highest bidder, you will be held responsible for the property's purchase. All Internet, absentee, and phone bidders are charged a buyer's premium of 20%. C. Absentee Bidders and Phone Bidders To place absentee or phone bids directly with Showplace, submit the appropriate electronic form. Forms can be found on our website. Alternatively, bids can be submitted via a hard-copy absentee or phone bidding form, which must be filled out completely and signed, then faxed to (212) 633-6064 ATTN: AUCTIONS, or scanned and emailed to auctions@nyshowplace.com. If you have any questions in regard to these forms, contact the Online Auctions Department at (212) 633-6063 x805. Completed forms must include a signature for credit card validation. WE CANNOT PROCESS ABSENTEE OR PHONE BIDS WITHOUT A SIGNATURE. All arrangements for bidding should be made as early as possible. Absentee and phone bids must be received by the Online Auctions Department no later than 5:00pm the day before the auction; we may not be able to properly execute bids received after that time. We review each bid and will contact you if we need additional information. In order for us to provide you with the best service possible, please fill out the form completely, including lot number(s), contact information including street address, email address, and phone number, as well as your driver's license number. Payment for all absentee and phone bidders is required 5 business days after the end of the auction. As a service to our clients, we call and confirm ONLY WINNING BIDDERS within 72 hours after the auction and confirm the total billing costs which include the buyer's price, buyer's premium, and applicable shipping and taxes. If the winning bidder does not reply to the auctioneer within 5 business days after the auction, the provided credit card will be charged at the end of the final business day. We are not liable for lost absentee or phone bids. We cannot guarantee absentee or phone bids made during the auction and are not responsible for any lost. All requests for overseas telephone bids must be accompanied by absentee bids which will be executed on the buyer's behalf, should there be any problems with any connections. All absentee and phone bidders incur the buyer's premium of 20%. In the case of identical absentee or phone bids left with us, the bid received first will prevail. Payment for all phone bids is required within 3 business days after the auction. IV. RESERVES AND ESTIMATES A reserve is the confidential minimum price established by the auction house and the consignor. If the lot does not reach its reserve the lot will be bought in-house. Showplace has a right to bid until the lot has reached its reserve. Some lots will have no reserve but in most cases the consignor has established one. Estimates are neither a representation nor prediction of the actual selling price that will be realized at the auction, post-auction sale, or upon resale. V. SALES RESULTS Sales results will be available post sale on the Web. If Auction Floor Bidder is recorded as the winner, either the piece has not met its reserve and was bought in-house, or an absentee/phone bidder has won the item. VI. PREVIEW Many of our items are on site, however some are not. Please call at least 48 hours in advance to set up a preview. We strongly urge potential bidders to preview items if condition of an item is a concern. It is the bidder's responsibility to know the condition of the item. VII. BUYER'S PREMIUM, TAXES, AND PURCHASE PRICE A buyer's premium of 20% will be applied to the purchase price of all the items bought through live Internet bidding, absentee bidding, and phone bidding. All items shipped out of state do not pay New York State taxes. If shipping items within the State of New York or picking them up from Showplace, regardless of your location, New York taxes will be applied. Only a valid resale certificate from any state as proof of exemption from New York sales tax is allowed. VIII. PAYMENT All payments from online bidders are due within 3 days of receipt of the invoice. unless otherwise arranged. All payments from absentee and phone bidders are due within 3 days of receipt of the invoice. We prefer PayPal as the most efficient and dependable form of payment. Please email info@nyshowplace.com for payment by PayPal. We also accept all major credit cards excluding American Express, cash (in-house only), and checks. We do not accept international credit cards - buyers must pay by PayPal or wire transfer. We hold all goods paid for by check until the payment has cleared. IX. SHIPPING AND PACKING FEES Shipments within the United States are sent UPS Ground. They are all insured at the buyer's expense for the total cost, which includes the purchase price, buyer's premium, and taxes. Shipping prices include relevant handling and material costs. International packages are sent USPS where permitted or unless specified otherwise by the buyer, and are fully insured unless the buyer requests otherwise. Pre-sale shipping quotes are approximates and usually do not include the cost of insurance. Please allow 48 hours for shipping and packing fees to be added to your invoice. Packing fees are based on a variety of factors including the lot's price, size, and material. Packing fees, and can be adjusted based on special requests. Buyers can use alternative shipping options at their expense. All items are shipped within 7 days of receipt of payment. All furniture shipping is to be arranged by the buyer. We can recommend shippers. Since Showplace may not store large items such as furniture on-site, shipping costs must be calculated from their actual location, which will be noted in the lot description. Furniture stored at Showplace must be picked up within 10 days after the auction. X. BID INCREMENTS $1-99 $10 $100-499 $25 $500-999 $50 $1,000-2,999 $100 $3,000-4,999 $250 $5,000-9,999 $500 $10,000-19,999 $1,000 $20,000-999,999 $5,000