Antique Persian Rug Collection

PLEASE READ ALL OF THESE TERMS AND CONDITIONS PRIOR TO REGISTRATION AND BIDDING: As a registered bidder within this auction, you hereby accept the terms and conditions within. This is a legal document that affects your legal rights and is legally binding for all lots that you are awarded as the highest bidder within this auction. REGISTRATION: Registering is accomplished through one of our participating online auction houses or through our website. Registered bidders will be accepted if they meet our standard bidder acceptance criteria. BIDDING/BUYERS PREMIUM: ALL BIDS ARE BINDING. If you are the highest bidder, you immediately become the legal owner. A buyer's premium will be added to each item sold per the buyer's premium list below. 19% Buyers Premium for Hammer Price less than US$ 50,000 17% Buyers Premium for Hammer Price greater than US$ 50,000 15% Buyers Premium for Hammer Price greater than US $100,000 Bidder's and or Buyer's participation in this auction constitutes acceptance of these terms and conditions. Bidders are cautioned to thoroughly research lots prior to bidding. All items are sold "As Is", "Where Is". All sales are final no credits or refunds will be given outside of these terms and conditions. Highest Bidder is the Buyer that places the highest bid and shall have the right and obligation to purchase the item. PAYMENTS: Buyer is responsible for secure payment fees and all payments must be made in full prior to the release of merchandise. Payment must be made in U.S. Dollars through our secure Bank of America payment options. (Funds must clear before items are shipped. Funds will be held in our Bank of America escrow account until the buyer receives the lot. Please review our two (2) payment methods below: PAYMENT METHOD 1: Bank of America secure bank wire transfer. There is no charge from Bank of America to receive your payment into our Bank of America escrow business account. PAYMENT METHOD 2: Bank of America secure credit/debit payment. You will be charged a Bank of America processing fee for each transaction as follows: 1.7 % on all Personal credit cards & debit cards. 2.85 % on all Corporate/International credit cards & debit cards. Please visit our website to pay by Method 2. Click on ?PAY NOW? button to begin your transaction after you have received our invoice. Pangaea-Auctions will receive NO proceeds from secure payment processing fees. Pangaea-Auctions does not accept mailed checks or money orders. SHIPPING: All shipping costs will be paid 100% by the buyer. Pangaea Auctions will arrange shipping with the seller. Shipping costs will include shipping insurance, and applicable handling fees. Pangaea-Auctions requires shipping insurance on all lots, and therefore is not liable for any damage during shipping. All shipping issues/disputes will be handled between the shipping company and the buyer. Any lots that are damaged during, or after shipping, shall not be returned to or refunded by Pangaea-Auctions under any circumstances. Pangaea-Auctions enforces its insurance policy and verifies it prior to the seller shipping the lot. WARRANTIES: Pangaea-Auctions does not give any warranties on any lots sold at auction, and does not make any guarantees to the estimated value of any lot. We do not make any claims to the representations of the quality, origin, value, marketability, or age of any lots. It is up to the buyer at his/her discretion and expense to determine the market value of the lots within our auction. AUTHENTICITY: If within 15 calendar days after the auction date, any lot the purchaser gives notice in writing to Pangaea-Auctions that the lot is counterfeit, and the purchaser within 15 calendar days after the auction date demonstrates evidence to Pangaea-Auctions by providing a legally notarized affidavits by two (2) recognized industry experts in the field of the particular lot stating that the lot is in fact counterfeit, Pangaea-Auctions will coordinate a refund from the seller to the buyer for the hammer price. In situations in which the lot can only be qualified by a single source such as the artist or represented gallery, a legal notarized affidavit must be provided within 15 days of the auction. ARBITRATION: All disputes that cannot be resolved between the buyer and seller will be determined by the State of Nevada. Buyer expressly agrees to such Arbitration, and gives up its constitutional right to have any such dispute decided in a court of law before a jury. Such arbitration award shall be final and binding and may be taken to a court of competent jurisdiction and judgment may be entered thereon. As a bidder you are agreeing that all issues/disputes will be determined through an arbitrator and that you are giving up your right to take the dispute to a court trial. As a bidder, by placing a bid during this auction, you agree to ALL of the terms and conditions within this document.

No State taxes apply to online bidders.

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