Asian Decorative Arts - Online Auction

Terms and Conditions By engaging in any form of bidding, including bids submitted in person, absentee bids, telephone bids, and live auction bids, you agree to abide by the following terms and conditions. Please carefully review these terms before participating in any auction. CONDITIONS OF SALE 1.Agency Role: The Auctioneer acts solely as an agent for the Vendor (Seller), unless otherwise explicitly stated. Consequently, when a lot is sold, the contractual agreement is between the Buyer and the Vendor. At no point does title to any Lot transfer to The Auctioneer, and they bear no responsibility for any defects, faults, or title restrictions related to any Lot. The Vendor shall indemnify The Auctioneer against any claims arising from Lots sold on their behalf. The Buyer acknowledges that the Auctioneer serves solely as an agent of the Vendor and, therefore, absolves the Auctioneer of any liability in any claims brought by a Buyer. 2.Auctioneer's Discretion: The Auctioneer possesses full discretion to divide, combine, or withdraw any lot from sale, reject bids, and regulate bidding without providing reasons or prior notice. The Auctioneer may, at their sole discretion, determine bid increments and accept or decline bids. If a dispute arises during the auction, the Auctioneer has the absolute authority to resolve it or re-offer the lot. The Auctioneer also has the sole discretion to refuse entry to the sale room to any individual. 3.Bidding and Payments: The highest bidder shall be the purchaser. In case of disputes between bidders, the Auctioneer may, at their discretion, re-auction the lot at the last undisputed bidding price. The Auctioneer's decisions are final. No bidder may reduce their bid amount, and the Vendor reserves the right to bid on their behalf. Purchasers are required to provide their names, addresses, and, if necessary, make a deposit, which may be applied to their purchases. Payment must be made in full upon collection, and the Auctioneers do not accept payment by check. Bank transfer is the preferred method of payment. All items remain the property of the Auctioneers until fully paid for. 4. Absentee and Remote Bidding: Absentee bids, telephone bids, and live online bidding are accepted if the bidder has registered with the Auctioneers and provided payment details. Successful bidders will receive an invoice via email and are required to make payment within the specified timeframe. Failure to pay may result in the bidder being placed on a "warning list," and information about non-payment may be shared with other auctioneers and auction platforms listing multiple auctions. 5.Lot Descriptions and Authenticity: Lots are sold "as is" with all faults, imperfections, and errors in description. Neither the Vendor nor the Auctioneers are responsible for the authenticity, attribution, genuineness, origin, authorship, date, age, period, condition, or quality of any lot. Statements in catalogs regarding such matters are opinions, not representations of fact. Purchasers are responsible for satisfying themselves regarding these matters and the physical description of lots. The Auctioneers do not make or authorize any warranty or representation, especially regarding the authenticity or origin of artworks. Buyers are responsible for verifying the authenticity of artworks before bidding, as all sales are final. The Auctioneers will not rescind a sale for any reason. All dimensions are approximate and exclude mounts and frames. Gemstone weights are based on measurements, not actual weights, and gemstones may have undergone treatment. 6.Catalog Statements: Any statements in the catalog are subject to modification or clarification by the Auctioneer from the rostrum before accepting bids for a Lot. 7.Lot Handling and Risk: After the hammer falls, lots are at the purchaser's risk. If a Lot is completely missing on the day of delivery, the Auctioneers are only responsible for reimbursing the purchase price. For missing portions of lots, a proportionate adjustment will be made based on the sale price of the entire lot. 8.Default: The Auctioneers act solely as agents and are not responsible for any buyer default. The Vendor is not paid until settlement is received from the purchaser. Failure to comply with the conditions may result in forfeiture of the deposit. Unpaid lots may be resold publicly or privately, and any shortfall, along with related expenses, will be the defaulter's responsibility. Storage charges apply for uncollected lots, with a handling fee for items not collected promptly. 9.Buyer's Premium: A Buyer's Premium of 5% (minimum ?5.00 per lot) applies to invoices settled by bidders. buyer's premium is not refundable. Commission surcharges apply to live bidders on third-party websites. 10.Loss or Damage: The Auctioneers do not accept liability for loss or damage to lots after the sale. While reasonable efforts are made in handling, packing, and shipping, the Auctioneers are not responsible for any loss or damage while lots are in the care of third parties. 11.Storage Charges: Storage charges apply for uncollected lots. Individual lots weighing under 2kg not collected within fourteen days will incur a storage charge. Larger lots, including furniture and items over 2kg, not collected after a specified timeframe will also incur storage charges. Unpaid and uncollected lots may be deemed abandoned and sold to settle storage charges. 12.No Refund Policy: Bidders are advised not to rely solely on catalog descriptions. The contract of sale includes only the lot number, and descriptions are not part of the contract. The Auctioneers operate a strict no-refund policy. 13.Import/Export Licenses: Buyers are responsible for obtaining necessary licenses for importing or exporting lots. The Auctioneers are not liable for unsuccessful export permit applications, and cancellation or rescission of sales due to such failures will not be permitted. 14.Updates to Terms and Conditions: The Auctioneers reserve the right to update these terms and conditions at any time. Bidders are responsible for staying informed about any updates before participating in auctions.