43rd Annual California Cool Art Auction

Conditions of Sale

Live auction winning bids and paddle raise contributions will be collected by Laguna Art Museum. Payment for winning bids and paddle raise donations are due at end of March 1st event and no later than Monday, March 3rd, 2025, by check or credit card.  

Silent auction winning bidders will be invoiced by the 3rd of March. Payment may be made by cash, check or credit card in person when prior to or when picking up artwork. 

Remedies for non-payment: If the Buyer fails to make payment per Payment Terms when due, the Museum is entitled to exercise one or more of the following rights or remedies (in addition to asserting any other rights or remedies available under the law):

(a) to hold the Buyer liable for the total amount due and to commence legal proceedings for recovery along with interest, legal fees and costs;

(b) to cancel the sale;

(c) to reject at a future auction held by the Museum any bids made by or on behalf of the Buyer or to require the Buyer to pay a deposit before accepting any future bids; and/or

(d) to take such other action as the Museum deems necessary or appropriate.

(e) to offer the artwork to the backup bidder after 2 days of non-response to Payment Terms.

If the Museum does sell the Artwork per this clause, then the defaulting Buyer will be liable to the Museum for the payment of any difference between the Hammer Price originally payable and the Sale Price obtained upon sale to the backup-bidder, as well as any Fees (commissions and Buyer’s premiums) that the Museum would have received on the original sale and all costs, expenses, damages and legal fees incurred by Laguna Art Museum or the Seller or the Seller’s Affiliate as a result of the Buyer’s default. 

If the Museum chooses to pay any amount to the Seller, up to the net proceeds that the Seller would have received from the Hammer Price, which the defaulting Buyer failed to pay, the Museum will have all the rights of the Seller to pursue the Buyer for that amount, regardless of the reason.

Proceeds to LAM

All proceeds from the sale provide funding for Laguna Art Museum after applicable commission to the donating artist and any Buyer’s Premiums deducted.

Buyer’s Premium + Credit Card Fees

A 1% Buyer’s Premium will be applied to all sold lots on Laguna Art Museum’s cloud Bidsquare site found at artauction.lagunaartmuseum.org while buyer’s accessing auction directly through Bidsquare.com will be charged a 4% Buyer’s Premium for each lot sold.  

Laguna Art Museum will apply a 4% credit card fee to all lots sold.

Sales Tax Information

As required by law, we collect sales tax for orders shipping to certain states in the U.S. and countries where applicable. The sales tax rate varies based on the destination of the order. Below are the details of how sales tax is applied:

California Sales Tax: For orders shipping to California, we collect 7.75%

Sales Tax in Other U.S. States: We are required to collect sales tax for orders shipped to states where we have a sales tax obligation. The tax rate is based on the destination state's applicable sales tax laws and may vary depending on the city or county.

International Sales Tax (VAT, GST, etc.): For international orders, applicable sales tax (e.g., VAT, GST) may be collected based on the destination country's laws. Customers are responsible for any additional customs duties, taxes, or fees imposed by