Art, Jewelry, Diamonds Auction

Terms and Conditions of Sale

The property offered and sold through Art House Gallery, (hereinafter Gallery) public auctions (hereinafter the Property) shall be offered and sold pursuant to the terms and conditions set forth below (hereinafter the Agreement). This Agreement constitutes the complete statement of the terms and conditions pursuant to which all Property is offered for sale. By bidding at the auction, whether in person, by agent, in writing, by telephone, internet bid or any other means, the buyer of the Property (hereinafter the Buyer) agrees to be bound by this Agreement.

PROPERTY SOLD AS IS. All Property is sold as is, where is, with all faults. Neither Gallery nor any consignor makes any guarantees, warranties or representations, expressed or implied with respect to the Property or the correctness of the catalogue or any other description of the Property. In no event shall Gallery or the consignor be responsible for the correctness, nor be deemed to have made any representation or warranty, of description, genuineness, authorship, attribution, provenance, period, culture, source, origin or condition of the Property. No statement made at the sale, or in the bill of sale, or invoice or elsewhere shall be deemed such a guarantee, warranty or representation.

WITHDRAWAL OF PROPERTY. Gallery reserves the right to withdraw any Property at any time for any reason and to default any sale in the event of an error or dispute.

COPYRIGHT AND REPRODUCTION RIGHTS. Gallery and its consignors make no warranty or representation, express or implied, that the Buyer will acquire any copyright or reproduction rights to any Property sold. Gallery expressly reserves the right to reproduce any image of the Property sold in the catalogue. The copyright in all images, illustrations and written material produced by or for Gallery relating to Property, including the contents of the catalogue, is, and shall remain always, the property of Gallery and shall not be used by the Buyer, nor by anyone else, without Gallery’s prior written consent.

EXAMINATION OF PROPERTY. All Property is available for examination prior to bidding. The Buyer’s bidding signifies that the Buyer has examined the Property as fully as desired or has chosen not to examine the Property. Gallery will provide written condition reports for the Property upon request.

BIDDING:

RESERVES. Some of the Property in the sale is offered subject to a reserve. The reserve is a confidential minimum price agreed upon by the consignor and Gallery below which the lot will not be sold. In most cases, the reserve will be set below the estimated range, but in no case, will it exceed the low estimates listed. Bidding will begin at a price appropriate in the auctioneer’s discretion. The auctioneer always reserves the right to withdraw Property for any reason he deems appropriate.

ORDER OF BIDS. Unless otherwise announced by the auctioneer, all bids are per lot as numbered in the catalogue. Gallery reserves the right to determine all matters regarding the order, precedence or appropriate increment of bids or the constitution of lots.

Following are general guidelines for bidding increments:

$0.00-$1,000 by $25 increments 

$1,000-$3,000 by $100 increments

$3,000-$5,000 by $250 increments

$5,000-$10,000 by $500 increments

$10,000-$30,000 by $1,000 increments

$30,000-$50,000 by $2,500 increments

$50,000-$100,000 by $5,000 increments

HIGHEST BIDDER. The highest bidder as determined by the auctioneer shall be the Buyer. In the case of a disputed bid, the auctioneer shall have sole discretion in determining the Buyer and may also, at his or her election, withdraw the Property or reoffer the Property for sale. The auctioneer shall have sole discretion to refuse any bid, or refuse to acknowledge any bidder. When the auctioneer has declared Property sold to a given Buyer, said Buyer thereupon assumes full risk and responsibility for the Property, agrees to sign any requested confirmation of purchase, and agrees to pay the full price, plus Buyers Premium, therefore or such part, upon such terms as Gallery may require.

BUYERS PREMIUM. A 10% buyer’s premium will be added to the hammer price on each lot sold online via Bidsquare.

REMOVAL OF PROPERTY. All items must be picked up, or shipping arrangements made, within four weeks of the day of sale. Items not collected or shipped by the 15th day following the sale will incur storage fees at a rate of $5.00 per lot per day regardless of the size or value of the lot. Items not collected by the 30th day following the sale may be sold by Gallery or sent by Gallery to a public warehouse at the sole risk of, and charge to, the Buyer and Gallery may prohibit the Buyer from participating, directly or indirectly, as a bidder or purchaser in any future sale. No Property may be removed from Gallery’s premises until the Buyer has paid in full the purchase price including Buyers premium. Gallery shall have no liability for any damage to Property left on its premises after the auction. A defaulting Buyer will be deemed to have granted and assigned to Gallery a continuing security interest of priority in any Property or money of, or owing to such Buyer in Gallery’s possession, and Gallery may retain and apply such Property or money as collateral security for the obligations due to Gallery. Gallery shall have all the rights accorded a secured party under the Illinois Uniform Commercial Code.

PACKING AND SHIPPING. As the buyer, you are responsible for the pick up or shipment of the property you’ve purchased. As a courtesy, Buyer may request Gallery to facilitate shipping arrangements with a shipper deemed appropriate by Gallery for a 20% surcharge of the shipping cost. Buyer agrees that packing and shipping are done at the Buyer’s risk and that Buyer will pay in advance all packing expenses, materials, carrier fees and insurance charges. Gallery will have no liability for any loss or damage to shipped items. Upon request, Gallery will provide a list of shippers who deliver to destinations within the United States and overseas. Under no circumstances will Gallery be held responsible for items entrusted to a third-party shipper.

TAXES. All purchases are subject to Illinois sales tax unless the Buyer possesses an Illinois sales tax exemption number. Exemption numbers from other states are accepted in Illinois if presented with a business card or letterhead. Dealers, museums, and other qualifying parties can apply for an Illinois exemption number prior to the auction. Buyer is responsible for all tariffs, taxes and assessments that might be made on the Property. International Buyers are responsible for tariffs, taxes, or assessments of shipped items to the Buyers country. No Illinois sales tax is charged for purchases shipped out of state.

IMPORT/EXPORT RESTRICTIONS. Some property that is sold at auction can be subject to laws governing export from the United States, such as items that include material from some endangered species. Import restrictions from foreign countries are subject to these same governing laws. Granting of licensing for import or export of Property from local authorities is the sole responsibility of the Buyer. Denial or delay of licensing will not constitute cancellation or delay in payment for the total purchase price of said Property.

BUYERS BREACH. If the Buyer breaches any of its obligations under this Agreement, including its obligation to pay in full the purchase price of all Property for which it is the highest successful bidder, Gallery may exercise all of its rights and remedies under the law including, without limitation, (a) canceling the sale and applying any payments made by the Buyer to the damages caused by the Buyers breach, and/or (b) offering at public auction, without reserve, any lot or item for which the Buyer has failed to pay in full the purchase price, holding the Buyer liable for any deficiency plus all costs of sale.

GOVERNING LAW. These conditions of sale shall be governed by the laws of the Commonwealth of Illinois (excluding the laws applicable to conflicts or choice of law). The Buyer agrees that any suit for the enforcement of this Agreement may be brought, and any action against Gallery about the transactions contemplated by this Agreement shall be brought, in the courts of the Commonwealth of Illinois or any federal court sitting therein. The Buyer consents to the nonexclusive jurisdiction of such courts and waives objections that it may now or hereafter have to the venue of any such suit.

AMENDMENTS TO TERMS AND CONDITIONS.

ALL SALES WILL BE FINAL.  Returns and or exchanges are available only if the buyer receives the wrong item of purchase. Shipping of a return or exchange is determined by the Gallery/Shipper.

No claimed modification or amendment of this Agreement on the part of any party shall be deemed extant, enforceable or provable unless it is in writing that has been signed by the parties to this Agreement. No course of dealing and no delay or omission on the part of Gallery in exercising any right under this Agreement shall operate as a waiver of such right or any other right and waiver on any one or more occasions shall not be construed as a bar to or warmedy of Gallery on any future occasion.