Hidden Treasures

Leeder Tresors - Auction Terms: 1. The term "Auctioneers", wherever used, denotes Leeder Tresors, its employees, officers and agents. 2. The Auctioneers reserve the right to reject any bid. The highest bidder acknowledged by the Auctioneers will be the buyer. In the event of doubt on the part of the Auctioneers as to the validity of any bid, the Auctioneers will have the final discretion to determine the successful bidder or to re-offer and resell the article in dispute. If any dispute arises after the sale, the Auctioneers sale record is conclusive. 3. Each and every lot is sold without guarantee of any kind by the consignor, vendors or the Auctioneers. The buyer shall accept the item(s) AS IS and without recourse. There is no adjustment or rebate for any item after it has left the Auctioneers premises. All paintings and fine art however catalogued or publicized are sold without warranty or representations including errors of description in the catalogue, or of any kind including value, authenticity or attribution. 4. If the Buyer fails to pay for any lot, the Auctioneers in their sole discretion may take necessary action to enforce the sale and to collect expenses and storage charges incurred or charged by them or may at public or private sale without further notice resell the lot for the account of the Buyer, any deficiency arising from such resale including commission, expenses and storage charges to be a charge against and collected from the Buyer. Storage charges commence 7 days from the date of the sale and interest on overdue accounts is charged at the rate of 2% per month (24% per annum) dating from the day of the sale. 5. The Auctioneers reserve the right to sell as Principal. The Auctioneers shall not be liable for any default by the Vendor or the Buyer nor be liable in any other way. For all purposes the Auctioneers shall be deemed to act as Agent only for a disclosed Principal. 6. The records kept by the Auctioneers and agents shall in all cases be accepted as final in any question as to the prices for which lots are sold or any question as to the Buyer of the lot. 7. The Auctioneers have the right to open the bidding, to refuse any bid, to bid on behalf of the Vendor without announcement, to withdraw lots without previous notice, and to divide any lot or combine any two or more lots, at their sole discretion. A lot may be subject to a reserve imposed by the Vendor or Auctioneers. 8. The Auctioneers will exercise all due caution in caring for consignments and auction lots but are not responsible if such is lost, stolen, damaged or destroyed. Consignments are accepted, stored, displayed and put up for sale at the sole responsibility of the Vendor. Title passes to the Buyer immediately on conclusion of the bidding for each lot and thereafter the Buyer is responsible for the lot whether or not it remains on the premises of the Auctioneers. If the consignment or lot be valuable, Vendors and Buyers should so inform their respective insurance companies.