Asian Antiques, Important Antiques, Fine Art

Lots Sold to The Highest Bidder: The highest bidder acknowledged by the auctioneer shall be the buyer. Under no circumstances are the consignors or the consignors'? agents or persons acting on behalf of the consignors permitted to bid at the auction on their consigned property. The auctioneer has the right to reject any bid, to advance the bidding at his or her absolute discretion and, in the event of any dispute between bidders or any other issue with respect to the highest bidder, to determine the successful bidder, to continue the bidding or to re-offer and resell the lot in question. In the event of any dispute after the sale, Timeless Antiques' (hereinafter referred to as, TA) decision of final sale shall be conclusive. Lots are Sold AS IS. ALL PROPERTY IS SOLD AS IS AND ALL IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS ARE EXCLUDED. NEITHER WE NOR THE CONSIGNOR OR OUR ASSOCIATES MAKE ANY REPRESENTATION, EXPRESSED OR IMPLIED WARRANTY, OR GUARANTEE OF CONDITION, SIZE, PROVENANCE, MEDIUM, SIGNATURE, INSCRIPTION, EXHIBITION (S), IMPORTANCE, RARITY, COUNTRY OF ORIGIN, AGE, GENUINENESS, SUBJECT HISTORICAL RELEVANCE, MONETARY OR OTHER VALUE, FRAMING OR LACK THEREOF, MOUNTING, CONSERVATION, COLOR (S), PALETTE, INSCRIPTION, EDITION, STYLE LABEL OR OTHER DESCRIPTOR. NO STATEMENT IN THE CATALOGUE, BROCHURES OR IN THE BILL OF SALE OR INVOICE OR BIOGRAPHIC INFORMATION OR STATEMENTS MADE BY THE AUCTIONEER DURING THE AUCTION OR ELSEWHERE SHALL BE DEEMED SUCH A WARRANTY OR REPRESENTATION OR AN ASSUMPTION OF LIABILITY. NO EMPLOYEE OF TIMELESS ANTIQUES AUCTIONEERS IS AUTHORIZED TO MAKE, ON OUR BEHALF OR THAT OF THE CONSIGNOR, ANY REPRESENTATION OR WARRANTY, ORAL OR WRITTEN, WITH RESPECT TO ANY PROPERTY. Buyer?s obligation to inspect each item photo: Buyers are strongly encouraged to view all items? photos auctioned on display before the auction to determine the true condition and nature of any item(s) of interest. Although there is no legal requirement that each buyer inspect lots? photos purchased before the auction, the failure to inspect the photos may constitute a waiver of that buyer?s complaint that the item was not delivered in a condition equal to the existent condition in the item photo(s) at/in the auction. All Sales Final: Notwithstanding any other terms of these conditions, any and all refunds shall be granted or not granted at the sole discretion of TA. Refund amounts if any are determined at the sole discretion of TA and may be subject to a 10% processing and restocking fees or other possible fees deemed appropriate by TA. Refunds requested on the grounds of authenticity must be made within 3 days of the date the item(s) is delivered to the buyer?s designated delivery address, and such requests must be accompanied by at least one supporting statement in writing from a recognized authority stating that the painting or art sold is incorrect or not the work of the artist. A recognized authority shall be defined as a person who has authored, edited, or substantially contributed to a monograph on the artist, a person who has curated, organized or substantially contributed to a solo exhibition on the artist, a person who has represented the artist's estate or someone who represented or worked closely with the artist while they were alive and, in any of the above instances physically handled works of the period, medium and subject matter in question during the course of their duties. Please note that dealers who advertise to buy a wide range of artists, appraisers and representatives of other auction firms do not qualify as authenticators of individual artists unless they have had such specific involvement with an artist's work as specified above in addition to their daily duties. Any lot in question must be returned to TA in the exact same condition as when sold. Please be advised that TA does not grant extensions to refund considerations based upon authenticity due to shipping delays. There are no exceptions to this refund policy. The Right to withdraw Lots: TA reserves the right to withdraw any lot before or at the time of the sale. BUYER?S PREMIUM: THE BUYER AGREES TO PAY THE SUM OF THE HAMMER PRICE PLUS A PREMIUM OF 12.5% (OF THE HAMMER PRICE) WHEN PAYING BY BANK WIRE TRANSFER, OR 15.5% IF PAYING BY CREDIT CARD, PAYPAL OR CREDIT CARD VIA PAYPAL, together with any applicable tax. Lots are Subject to a Reserve Price: Some lots in the auction are subject to a reserve, which is the confidential minimum price below which the lot will not be sold (the reserve). TA shall act to protect the reserve by bidding through the auctioneer. The auctioneer may open bidding on any lot below the reserve by placing a bid on behalf of the seller. The auctioneer may continue to bid on behalf of the seller up to the amount of the reserve, either by placing consecutive bids or by placing bids in response to other bidders. The estimates provided by TA concerning a given lot, are carefully considered opinions of the cataloguer and fine art staff. Any estimates given are merely suggestive guidelines for interested buyers. Buyers must be aware that paintings and art are subject to fluctuating values depending on the subjective interests of collectors and a wide variety of other uncontrollable factors. The lots auctioned may sell at prices either above or below estimates. Winning Bid Constitutes an Immediate Transfer of Title: Title to the offered lot shall pass to the buyer upon the fall of the auctioneer's hammer and announcement by the auctioneer that the lot has been sold, subject to compliance by the buyer with all other Conditions of Sale. The buyer shall forthwith assume full risk and responsibility for the lot and shall pay the full purchase price or such part thereof as TA, in its sole discretion, shall require. In addition, the buyer may be required to sign a confirmation of purchase or abide by any other financial terms that TA deems necessary to protect the interest of TA or the consignors. Removal of Purchased lots: All items sold may not be removed from TA?s premises, or the premises of the auction, until the buyer has paid in full the purchase price and made arrangements and paid for shipping, packaging and insurance subject to TA?s approval or has satisfied such terms, as TA, in its sole discretion, shall require. Subject to the foregoing, all lots are to be paid for and removed from TA premises at the buyer?s expense no later than the thirtieth (30th) calendar day following the sale, and, if not so removed, TA may transfer or retain any such lot to its storage facility at the risk and expense of the buyer. If a lot has not been collected the thirtieth calendar day following the sale and TA does retain or transfer the uncollected property to its storage facility, the buyer will be liable to TA for storage and handling (S&A) charges of an initial S&A fee of $50 plus $10.00 per day for each lot. In addition to other remedies available by law, TA reserves the right to impose a late charge of 1% per month or the maximum permitted by law on the purchase price commencing on the day following the date on which payment is due if the buyer does not make payment in full in accordance with these Conditions of Sale. Absent Bidders: Bids which are submitted to TA in writing or are otherwise left with TA prior to an auction for execution at or below a specified price (Absentee bids), as well as telephone bids, shall be entertained and executed by TA for the convenience of bidders not present at auction, but TA shall not be responsible for failing to execute such bids or for errors relating to our execution of such bids. Bidding on any article(s), whether in person, by agent, order bid, telephone or other means, constitutes the highest bidders acceptance of these Conditions of Sale. All absentee bids must be received by TA prior to the day of sale. Bidders by telephone are also encouraged to leave a cover bid in case of technical failure. Applicable taxes: Unless exempted by California law, the buyer shall be required to pay any applicable state and local sales tax or compensating use tax on the purchase price. Buyer?s Breach of Conditions of Sale: If the buyer fails to comply with any of these Conditions of Sale, TA may, in addition to asserting all remedies available by law, including the right to hold such defaulting buyer liable for the purchase price, (I) cancel the sale, retaining as liquidated damages any payment made by the buyer, (II) resell the property without reserve at public auction or privately on seven days notice to the buyer, or (iii) take such other action as we deem necessary or appropriate. If TA resells the property, the original defaulting buyer shall be liable for the payments of any deficiency in the purchase price and all costs and expenses, including warehousing, the expenses of both sales, reasonable attorneys? fees, commissions, incidental damages and all other charges due hereunder. In the event that such buyer pays a portion of the purchase price for any or all lots purchased, TA shall apply the payment received to such lot or lots that TA, at its sole discretion, deems appropriate. TA shall have the benefit of all rights of a secured party under the Uniform Commercial Code adopted in the State of California where the auction is held. Governing Law, Venue and Jurisdiction: The rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the auction shall be governed and interpreted by the laws of the State of California. By bidding at an auction, whether present in person or by agent, by absentee bid, telephone or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the courts of such state and the federal courts sitting in such state. Further, the buyer agrees that the venue for any action arising out of the failure to abide by the Conditions of Sale, or any conduct related to or arising out of the auction, shall be the Orange County Superior Court, 23141 Moulton Parkway Laguna Hills, CA 92653 or the Federal Court Southern Division Ronald Reagan Federal Building & Courthouse (Orange County) 411 West Fourth St, Room 1053, Santa Ana 92701. The buyer expressly agrees that (i) neither TA nor the seller shall be liable, in whole or in part, for any direct, special, indirect or consequential damages, including, without limitation, loss of profits and (ii) the buyer?s damages, if any, are limited exclusively to the original purchase price paid for the lot. Buyer Shipping Obligations and Delivery of Lots Sold: Buyer agrees that all shipping, packaging and insurance costs arrangements and liabilities are the responsibility of the buyer. Buyer agrees to insure all shipments to an amount buyer agrees is its limit for shipping loss or damage claim(s). TA may, as a courtesy, provide contact information for possible shippers and may at TA?s discretion, help, assist or arrange shipping. Under any instance, including TA?s involvement, help or arranging, all shipping, packaging and insurance services, liabilities and responsibilities are that of the buyer alone. Under no circumstances are any shipping packaging and insurance responsibilities those of TA. Buyer agrees, any claim of loss or damage of purchased item(s) during shipping can be made with the hired shipper only and buyer agrees to hold TA harmless. The handling, cooperation with shippers and/or possible delivery to shippers of purchased lots by TA?s staff at or from TA?s storage facilities is undertaken solely as a courtesy to the buyer. In no event will TA be liable for damage to painting, glass or frames regardless of cause in connection with this free service. TA may, at its discretion and as a service to buyers, arrange to have purchased lots packed, insured and forwarded at the request, expense risk of the buyer. TA assumes no responsibility for acts or omissions in such packing or shipping by other packers or carriers, whether recommended by TA. Nor does TA assume any responsibility for any damage to picture frames or to the glass therein. In circumstances TA arranges and bills for such services via invoice or credit card, TA may include an administration charge. In the case of TA personally delivering an item, if an item cannot be delivered in condition equal to the existent condition at the time of sale or should any item be mis-delivered, stolen or lost prior to delivery, TA's liability if any shall not exceed the amount paid by the buyer at the auction. Buyers are strongly encouraged to view all items photos auctioned before the auction to determine the true condition of items of interest. Notices, Demands and Refunds: Any demands for refunds, problems with the lot(s) sold or notices of any kind concerning the auction shall be in writing and addressed to TA at 668 N. Coast Hwy. Suite 280, Laguna Beach, California 92651. Effect of any Unenforceable Provisions: Should any of the Conditions of Sale be deemed unenforceable by a competent court having jurisdiction, such unenforceable provision shall have no effect on the enforcability of the remaining provisions contained in the Conditions of Sale.

Local Taxes Apply. California buyers will be charged applicable California State Sales Tax.