Houshang's Gallery Auction

Conditions for Bidding: Absentee bids, whether written, phoned, faxed or electronically transferred are accepted as legal and binding contracts to purchase the described items. Successful bidders will be notified by email, phone, fax or regular mail within 5 working days. Payment is expected within 7 days following notification. Anyone of good creditworthiness acceptable to the auctioneer may bid (credit card information must be provided and kept on file prior to the sale; in the case of non-paying bidders, the credit card on file could be charged), including the auction staff, however, it is up to the sole discretion of the auctioneer whether to accept a bid or not. The Auctioneer is the sole determinant in a disputed bid. The auctioneer may withdraw any article from the sale or end the sale early if he feels that there is an absence of reasonable bidding. Auctioneer reserves the right to bid the reserved amount or open the bidding at a pre-determined amount commensurate with the value of the item. Phone bidding is allowed only under pre-arranged conditions prior to the sale. In the event that a Houshang's Gallery (HG) representative fails to properly execute an absentee, internet or telephone bid (regardless of reason) the representative and/or HG will not be held responsible for any actual or imagined losses incurred. Telephone bids will normally be arranged on items with estimated value of $500.00 or above. Items below $500.00 must be executed as absentees unless otherwise approved by HG. A HG representative will attempt to reach the phone bidder twice during the auction at the numbers listed above. Warranties: Determination of the age, condition, quality, authenticity, value, purported history, or classification of all items offered and sold (regardless of what is said or written) is the sole responsibility of the bidder/purchaser. Items are non-returnable except for the following reason: In the event of a disputed misrepresentation of the product, the successful bidder has exactly 30 days from the day of the sale to notify Houshang's Gallery. After 30 days, all sales are final. HG requires a written statement from a recognized expert (s) in the field explaining why the item is not as represented. If it is agreed that an item may be returned, it is the buyer's responsibility to return it in the same condition as received. All sales of coins and stamps are final, with no returns permitted for any reason. Breach of Purchase: If the purchaser fails to pay in full the total purchase price of all items for which he/she was the highest bidder within 15 days of the sale, HG may exercise all legal rights and remedies which may include but not limited to: terminating the sale and applying any payments made by the purchaser to the damages caused by the purchaser's breach, and/or reoffering these items without any reserve at public auction and holding the purchaser liable for any deficiency plus the costs of reselling the items. Any article purchased and not removed from the auction premises immediately following the sale will be at the purchaser's risk. HG reserves the right to assess storage fees for items left at the Gallery for more than 30 days after the auction. Payment Terms: Cash, personal, business or certified checks and MasterCard, VISA, Discover, or American Express cards with proper identification. Bank wire transfers will be arranged upon request. A 15% buyer's premium will be added to the total sale price. HG reserves the right to hold merchandise until check payments clear. Sales Tax: A 8.188% New Mexico State Sales Tax will be added to all purchases redeemed at our facility by bidder or his delegate unless bidder provides a valid State issued Resale Certificate. Items shipped out-of-state will be exempt from the State Sales Tax, provided that HG is paid directly by the bidder for packing and shipping costs or the bidder provides a valid State issued Resale Certificate. Shipping: Purchases will be available for shipment upon receipt of payment. Shipping will normally occur within 10 days of payment. HG will attempt to find the lowest shipping price for each order and will identify this to the purchaser for approval. HG will not declare less than the full sale price on any international paperwork. Other shipments will be insured for full value unless the buyer specifically requests other coverage. HG is not responsible for any shipper's refusal to fully compensate the buyer for damages that may occur. All International customs costs and policies are the responsibility of the buyer. HG will not misrepresent the description or declare less than full sales price on any international paperwork. International coin purchasers: You are responsible for ensuring your country allows the importation of coins and currency. If your package is lost, stolen, or seized by customs, you will assume all responsibility. We are not responsible for any import duties, customs fees, or penalties associated with your shipment. Our preferred shipping is via USPS Registered First Class Mail International, although be aware that this method does not offer insurance coverage. For other shipping classes, be aware that a customs declaration is required and there are limitations in available insurance coverage which vary by country. HG will not misrepresent the coin description or declare less than full sales price on any international paperwork.