Bidding:

A 15% buyer’s premium will be added. The sales tax will be charged on the total of the bid price and the 15% buyer’s premium. All goods are sold final sale as is at the time of sale subject to all faults and defects whether or not any inspection is made by or on behalf of the purchaser. All lots are subject to a reserve and/or minimum bid. The consignor has the right to withdraw, divide, or consolidate any lot and refuse any bid in accordance with uniform commercial code.

Payment Terms:

All lots are paid in full at the conclusion of the auction and any exceptions thereof are at the sole discretion of the auctioneer. In the event of a default in payment or otherwise, a purchaser shall be responsible for all costs of collection including reasonable attorney fees. Interest will be assessed at a rate of 24%(twenty-four-percent) per annum on any and all outstanding sums due pursuant to this agreement from the due date until paid. If the purchase price is not paid, or the items are not removed from the place of auction, the auctioneer, at his sole exclusive discretion, has to right to remove said items from the premises to storage and/or to cancel the sale and/or seek any and all legal remedies against the purchase including monetary damages for purchase price. The auctioneer retains the right, upon the bidder refusing to accept the goods, to resell the goods at a reasonable price where the bidder will be liable for the difference between the resale price and the original price accepted by the bidder. Additionally, the bidder shall be liable for all costs of such subsequent sale including warehousing and auctioneer’s commissions. IRS Form 8300 must be completed and filed for all customers who wish to pay more than $10,000 in cash. Cash is defined as all currency, a cashier’s check, money order, bank draft or travelers check having a face amount of $10,000 or less. All payments and financial invoice information will be kept confidential. A copy of sales tax exemption certificates must be submitted and a sales tax exemption form must be filled out at registration to be sales tax exempt. Invoices are subject to audit for errors and bidder is responsible for paying any due therein. If there exists a deficiency in sales taxes due to incorrect sales tax exemption information or if there is a balance due for other reasons, the customer grants permission to charge balance on credit card. If customer requires delivery within a 10 miles radius, there will be a flat $300 charge regardless whether one price is delivered, or 10 pieces are delivered. With the exception of automobile purchases, for total invoice purchase amount over $50,000, purchaser will wire total invoice amount to auction company bank account on next business day in the morning. After receipt of wire of total invoice amount, 30% credit card deposit will be refunded. Deposits are non-refundable.

Automobile Purchases:

The purchaser of the automobile must submit a $ 20,000 credit card or cash deposit. Purchasers of automobiles must wire the total bid price plus 15% buyer’s premium of the car to auction companies bank account on next business in the morning, the day after the auction. After auction company confirms receipt, of wire the automobile will be released to customer, and the $20,000 credit card or cash deposit will be refunded to the purchaser. A clean title, free of any lines, will be FedExed to the customer within 2-4 weeks. Car will be sold as is where is.

Appraisal:

Appraisal provide a description of each item offered and submit a retail replacement value to the item for insurance purpose. We do not recommend you base your decision to buy an item based on the appraisal value. Please be informed that the appraisals have been prepared by independent appraisers, and the retail value may be very high or vary low and there may be variation in the grading of the jewels. However, due to the subjective nature of the grading and the appraising process, the auctioneer does not assume any liability for the appraisal certificates.

Warranty/Approval:

While descriptions are believed to be accurate, all statements or representation on such matters whether printed in a catalog or made orally, are statements of opinion only and are not a representation on such facts. The auctioneer disclaims all warranties, express or implied, including fitness for a particular purpose and merchantability as to any items purchased. The auctioneer specifically makes no warranty or representation as to the value of any particular item. The auctioneer disclaims for itself and for the vendor and/or the consignor, any and all responsibility for authenticity, age, origin, condition, size, weight, quality, or kind. Purchasers are deemed to have satisfied themselves on authenticity, condition, etc. before bidding. No one in the auctioneer’s employ has the authority to make any representation of facts whatsoever. The terms of this warranty may only be varied in writing. No oral warranties or representation may modify this disclaimer. While in the course of the auction the auctioneer may make statements about the goods subject to auction, such statements do not constitute warranties, shall not be relied upon the buyer, and are not part of these terms and conditions of sale. Any dispute arising under or in connection with this agreement shall be resolved by binding arbitration administered by JAMS, pursuant to the Virginia Uniform Arbitration Act. A hearing before a single arbitrator shall be held in Fairfax County, Virginia.
Surveillance Cameras: I hereby consent to being recorded and/or photographed. Note: Other terms and conditions including terms and conditions on jewelry certificates may be presented prior to the auction. Terms and conditions herein will combine on the purchaser. 061620.