Asian Works of Art - September Session Two

INFORMATION FOR BUYERS 1. Introduction The following informative notes are intended to assist Buyers and bidders, particularly those inexperienced or new to our sales. 2. Agency As auctioneers, we usually contract as agents for the seller whose identity, for reasons of confidentiality, is not normally disclosed. Accordingly, if you buy your primary contract is with the seller. 3. Estimates Estimates are designed to help buyers gauge what sort of sum might be involved in the purchase of a particular lot. The lower estimate may represent the reserve price and certainly will not be below it. Estimates do not include the Buyer's Premium or VAT (where chargeable). Estimates are prepared sometime before the sale and may be altered by announcement before the sale. They are in no sense definitive. 4. The purchase price The Buyer shall pay the hammer price together with a premium thereon of 27.5%. 5. Bidding Bidders will be required to register before the sale commences and lots will be invoiced to the name and address on the registration form. Some form of identification will be required if you are unknown to us. Please enquire in advance about our arrangements for telephone bidding. a) Commission bidding Commission bids may be left with the auctioneers indicating the maximum amount to be bid excluding buyers' premium. They will be executed as cheaply as possible having regard to the reserve (if any) and competing bids. If two buyers submit identical commission bids, the auctioneers may prefer the first bid received. Please enquire in advance about our arrangements for the leaving of commission bids by telephone or email. It may not be possible to execute bids left on the day of the sale itself. b) Live bidding To bid online, you need to register first. In completing the bidder registration form and providing your credit card details and unless alternative arrangements are agreed with Artspire Ltd, you: authorise Artspire Ltd, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via bid online, and Confirm that you are authorised to provide these credit card details to Artspire Ltd through email and agree that Artspire Ltd is entitled to permit the shipping of the goods to the cardholder name and cardholder address provided in fulfilment of the sale. c) Telephone bidding You can take part in the sale by bidding over the telephone. Telephone lines must be booked by close of business on the day before the sale, and are allocated on a first-come-first-served basis. 6. Payment Payment for all purchased lots must be made within 7 working days following the sale. After this period, the Auctioneers reserve the right to cancel any sale at their sole discretion or to re-offer lots for which payment has not been received in a future sale without reserve. In this latter event, the original bidder will be held liable for any shortfall between the selling price at re-offer, plus expenses, and the total amount due on their unpaid account. Any delay may involve the buyer in paying storage charges. 7. Methods of payment We ONLY accept wire transfers. We DO NOT accept cash and payment on site. Please find our bank details in any email invoice we issue or upon request from our accounts department. 8. Collection and storage a) The ownership of any Lots purchased shall not pass to you until you have made payment in full to us of the total amount due. b) No purchase can be claimed or removed until it has been paid for. After the auction, all sold goods will be transferred to the Artspire warehouse. Once payment for lots has been received, please allow 5-7 working days for the lots to be released for collection or transportation. c) We offer economical packing and shipping service. Items are packed in-house and shipped with Parcelforce / Royal Mail Post. d) If you are arranging your professional delivery or chose to collect your items in person, the collection has to be made by prior arrangement through email. Please email us as soon as possible if you want to use your delivery. All buyers and couriers must check their purchases before departure from the auction. Artspire will accept no claims for loss or damage after that. e) Once items are removed from the site, we will not take responsibility for any losses or breakages sustained. GENERAL CONDITIONS FOR SALE We shall have the right at our discretion, to refuse admission to our premises or attendance at our auctions by any person. 1. We are, primarily, agents for the seller. We are dependent on information provided by the seller and while we may inspect lots and act reasonably in taking a general view about them we are normally unable to carry out a detailed or any examination of lots in order to ascertain their condition in the way in which it would be wise for a buyer to do. Intending buyers have ample opportunity for inspection of goods and, therefore, accept responsibility for inspecting and investigating lots in which they may be interested. Neither the seller nor we, as the auctioneers, accept any responsibility for their condition. In particular, mechanical objects of any age are not guaranteed to be in working order. 1.1. The buyer shall not rely on the auctioneer, employees, the catalogue description, provenance information, and documents, or advertisements in any parts and must rely on his own inspection, research, and opinions of all items. 1.2. Artspire offers high-resolution images for bidders to review and make their own conclusions about the piece. No employee is authorised to make any warranties, expressed or implied on behalf of Artspire. 1.3.NO GUARANTEE OF PROVENANCE. All provenance information is provided by the consignors. Artspire is not responsible for the research and provenance of each item. 1.4. Artspire is not responsible for authenticity, genuineness of, estimated selling price of, or defects in any lots, and makes no warranty in connection in addition to that. 2. We may change these Terms of Sale from time to time, without notice to you. Please read these Terms of Sale carefully, as they may be different from the last time you read them. 3. Please do not bid on a Lot if you do not intend to buy it. If your bid is successful, these Terms of Sale will apply to you. This means that you will have to carry out your obligations set out in these Terms of Sale. If you do not comply with these Terms of Sale we may (acting on behalf of the Seller and ourselves) pursue one or more of the following measures: 3.1.take action against you for damages for breach of contract; 3.2.remove, store and insure the Lot at your expense; 3.3.reject or ignore bids from you or your agent at future auctions or impose conditions before we accept bids from you. For more information, please refer to our website: https://ukartspire.com