(d) Purchases made by a consignor or vendor or his agent on his own lots shall be considered as a sale subject to commissions and sales tax as applicable. (c) It may also be assumed that all consignors have been advanced monies against the sale of their consigned material and Archives International Auctions therefore has a security interest in the consigned material over and above the normal auction commission.
The auctioneer may implement such reserve price by bidding on behalf of the consignor vendor.
(b) Lots may be offered subject to a reserve price. (a) The auctioneer reserves the right to bid on behalf of clients (and consignors or vendors) but shall not be liable for errors and omissions in executing instructions to bid, however received, and whether such errors or omissions be those of the bidder or agent or those of the auctioneer. On all lots sold, a commission of 20% on the hammer price is payable by the buyer to the auctioneer (22% for Archives International Live Internet bidders and 25% for Invaluable-eBayLive-AuctionZipbidders).ģ. Should a dispute arise after the sale, the auctioneer's sale records shall be conclusive. Should a dispute arise between bidders (including a dispute between a floor bidder and the auctioneer acting on behalf of a mail bidder, consignor or vendor), the auctioneer alone shall determine who the successful bidder is and whether to reoffer the lot in dispute. (b) The highest bid acknowledged by the auctioneer shall prevail. (a) Bids shall be made in the steps set forth in paragraph 12. Estimates of sales prices contained in the printed Catalogue reflect the best judgment of Archives International Auctions and are not minimum or upset prices.Ģ.
Archives International Auctions reserves the right to withdraw any lot prior to sale (without liability to any potential purchaser or agent), to re-offer any withdrawn lot, to divide a lot or to group two or more lots belonging to the same consignor or vendor, and to refuse any bid believed not made in good faith. Archives International Auctions, as agent for the consignor or vendor, shall regulate the bidding and shall determine the manner in which the bidding shall be conducted. Unless announced otherwise by the auctioneer, all bids are per lot, as numbered in the printed Catalogue. THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THESE CONDITIONS OF SALEġ.
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