CONDITIONS OF SALE
Sale
1. A buyer’s premium of 25% (VAT included) is applicable to all lots. During and after the auction buyers can collect their purchases after the purchase price has been paid in full. Payment has to be made within 10 days after the sale.
Bidding
2. The increments for bidding are in principal:
| From | To | Bid step |
|---|---|---|
| € 0 | € 100 | € 10 |
| € 100 | € 500 | € 20 |
| € 500 | € 1,000 | € 50 |
| € 1,000 | € 2,000 | € 100 |
| € 2,000 | € 5,000 | € 200 |
| € 5,000 | € 15,000 | € 500 |
| € 15,000 | € 30,000 | € 1,000 |
| € 30,000 | € 50,000 | € 2,000 |
| € 50,000 | € 150,000 | € 5,000 |
| € 150,000 | higher | € 10,000 |
The auctioneer has discretion to use other bidding increments.
3. The highest bidder acknowledged by the auctioneer shall be the buyer. In the event of any dispute the auctioneer has the right at his discretion to determine the succesful bidder or to re-offer and resell the lot in dispute.
4. The auctioneer has absolute discretion to refuse admission to the auction. Before the sale bidders must complete a registration form. The auctioneer has discretion to refuse bids.
Lots
5. The auctioneer has discretion to divide any lot, to combine any two or more lots from the sale, and to re-offer lots for sale in case of error or dispute.
6. All lots are sold as they are at the moment of the fall of the hammer. The authenticity of stamps in lots containing less than 10 stamps is guaranteed. Description of quality is given to the best of the auctioneer’s ability. For claims with regard to authenticity the lots should be returned within 10 days after the date of sale. Only lots which are described as “unused no hinge” or “very fine” and containing less than 10 stamps or a complete set are subject to this guarantee. Lots must be returned in the same condition as they were at the moment of the sale.
7. If the buyer wants to submit a lot to an expert for an opinion, the auctioneer must be notified within 5 days after the sale stating the stamps involved.
8. When the catalog states “mostly” this is applicable to the catalog value.
Liability
9. Everyone is presumed to have bought for himself, the buyer won't be able to rely upon his mandator.
10. The risk passes to the buyer with the fall of the hammer; title of ownership, however, passes to the buyer only after full payment of the total amount due.
11. Buyers accepting commissions from third parties do so at their own risk and will remain responsible to the auctioneer for the full settlement according to these conditions.
12. Buyers will be charged a late charge of 1% per month or part of a month on the total purchase price if payment in full is not received by the auctioneer in accordance with these conditions of sale. Furthermore the buyer shall be liable for the payment of legal and other costs and expences made for the recovery of the purchase price. The auctioneer has the discretion to put the lot(s) again in auction and resold without any previous notice to the buyer. The defaulting buyer remains liable for the damages, while no right exists if the resale result exceeds the result of the first sale.
13. All stamps etc. that we receive for auction, serve as collateral towards the consigner for any claims or due commissions, incurred expenses, granted advances or on any account whatsoever.
14. Only the Dutch text of the conditions of sale has legal force. In case of disputes, Dutch law is applicable.