Fine Antique Oriental Rugs & Textiles

BID PRICE Each buyer must have an assigned Buyer?s Number prior to bidding, whether online via liveauctioneers.com or in-house. The highest bidder on a lot shall be the buyer of the lot. The purchase price shall be the sum of (1) the price at which the item is sold, plus (2) a buyer?s premium of 20% on the bid price of any lot that sells for up to $150,000 and 10% on any amount over $150,000 (for those who bid through the internet, the buyer?s premium will be 22% for lots sold under $150,000, and 13% for any amount over $150,000), plus (3) sales tax unless the purchaser is exempt by law from such taxes. ACCEPTANCE OF BID As each item is sold, the Auctioneer shall announce the winning bid and the Buyer?s Number of the winning bid. Failure of the person assigned to the Buyer?s Number to object at the time of announcement shall constitute an acknowledgment of the bid and purchase. The purchaser is legally liable to pay for the item or pay the difference if we must re-offer and sell the item for a lower price. REGULATION OF BID The Auctioneer shall regulate the bidding and shall be the sole arbiter of any disputes. We reserve the right to withdraw property at any time before the sale and reject a bid from any bidder. PAYMENT AND PICKUP The balance of the invoice must be paid in full and merchandise picked up within five business days of the date of sale. One week after the auction, left items may be moved to an off-site facility for pickup. A storage fee of $10.00 per lot per day will be charged if merchandise is left longer than two weeks. If the property is left longer than 3 1?2 (three and one-half) weeks, it will be considered abandoned. We are not responsible for shipping, but if packing and handling of purchased lots is done by us, it is done at the entire risk of purchaser. A refundable deposit may be required. Internet purchases are not available for pickup till the following day. If the purchaser would like us to ship merchandise, please contact us no more than 3 days after the auction. The buyer will pay for the shipping services and the shipping carriers will be decided at that time. Please contact: Baback Zavvar via email: babackzavvar@gmail. com or by phone: (510) 499-4151; (510) 655-3511 ABSENTEE BIDS Absentee bids are accepted until fifteen minutes prior to the start of the auction for all lots in the auction. Absentee bids for later lots may continue to be accepted according to announcements or signs posted on the office window. A deposit may be requested on absentee bids over $4,000.00. The auctioneer will bid the absentee bid against floor bidders. In the event of a tie, the floor bidder shall prevail. The Gallery assumes no responsibility for failure to execute any bid for any reason and absentee bids are made subject to the Conditions of Sale. Absentee bidders are requested to call after 11am on the first weekday following the sale to find out if they were successful. NO TRANSFERS No lots shall be sold, transferred, or assigned to anyone other than the winning bidder prior to the removal of the lot from the Gallery and only the winning bidder shall remove the lot. RISK OF LOSS In the event delivery cannot be made because of loss due to fire, theft, or any other reason, the Gallery shall only be liable for the return of any deposits or payments made by the purchaser. No warranty; all items sold ?as is and where is? the gallery, its agents and employees, and the consignor do not warrant any lot to be merchantable or to be suited for any purpose and they do not assume any risk, liability or responsibility for any person as to authenticity, genuineness, culture, source, origin, attribution, period, purpose or measurements of any lot. These conditions may not be altered or modified except by an instrument in writing, signed by auctioneer and buyer. Any condition statement given, as a courtesy to a client, is only an opinion and should not be treated as a statement of fact. The Gallery shall have no responsibility for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections or the effects of aging. PAYMENT Cash, cashier?s check, wire transfer, personal check (items may be held until the check clears), and ATM, MasterCard & VISA accepted. If any legal action is commenced to enforce these Conditions of Sale, the prevailing party shall be entitled to recover its reasonable attorney?s fees and costs. Time is of the essence. CONDITION We may include a brief note on condition within the catalog description. We do this when the condition problem is serious enough to affect the estimate of the artwork. This does not constitute a complete condition report, nor should it be assumed that artworks cataloged without mention of condition are in perfect condition. ALL SALES ARE FINAL Buyers are responsible to preview or request additional photographs prior to bidding. Auctions previews are your chance to inspect each lot prior to the auction. We encourage you to look closely at and examine each rug/textile on which you may want to bid so that you may know as much as possible about it. Except as expressly set forth in the Conditions of Sale, items are sold ?as is? and with all faults; illustrations in our catalog, website and other material are provided for identification only. At the previews, our staff is always available to answer your questions and guide you through the auction process. Condition reports may be available upon request. All sales final.