SLOTIN FOLK ART AUCTION
TERMS AND CONDITIONS OF SALE
1. ALL SALES ARE FINAL. 2. Buyer pays Slotin Folk Art Auction (“Slotin”) premium of Twenty percent (20%) of the Lot’s Hammer price. There is a 5% discount for buyer’s paying by cash or check. (As used throughout these “Terms and Conditions,” “Lot” means an object or group of objects offered for sale as one unit and “Hammer Price,” means the price announced by the auctioneer when the hammer falls.) The Buyer’s Premium shall be collected by Slotin directly from the Buyer at the time of sale. 3. Slotin will accept cash, checks and credit cards. Credit card users will be charged an additional 4% of the Sales Price. (The “Sales Price” is the Hammer Price plus the Buyer’s Premium, plus applicable taxes). Any returned check will result in a return check fee and entitle Slotin to the remedies provided under Georgia law and in paragraph 7, below. 4. Title to Lot and risk of loss or damage to the Lot passes to the Buyer when the Hammer falls (i.e. when Slotin, as agent for seller, accepts the bid). Slotin Auction shall have no liability for any damage to property left on its premises after the date of sale. The Sales Price must be paid prior to the close of the auction. Buyers with an outstanding balance after 14 days of the close of the auction will be charged a ten percent (10%) late fee on the Sales Price. Buyers must provide a credit card number in order to bid. Buyers with an outstanding balance after 14 days will be charged the outstanding balance, including (10%) late fee and (4%) credit card fee to their credit card. Slotin will have sole and absolute discretion to determine who the successful bidder is and/or may withdraw the Lot or reoffer the Lot for sale, in the event of a dispute. 5. All merchandise must be removed from the place of auction on the same day of auction unless other arrangements are made. Absentee bidders will be contacted after the sale regarding shipping options. 6. ALL PROPERTY IS SOLD “AS IS.” Slotin, for itself and as agent for the seller, makes no warranties or representations of any kind with respect to any Lot. Buyer agrees that in no event shall Slotin be responsible for the correctness, description, genuineness, authorship, attribution, provenance, period, culture, source, origin, value or condition of any Lot. Nothing being said or done by Slotin shall be deemed a warranty of representation or an assumption of liability by Slotin. 7. If Buyer fails to pay the Sales Price at the close of the auction or otherwise comply with these Terms and Conditions, Slotin shall be entitled to the following remedies: (1) to recover from Buyer any monetary loss arising on any resale of the Lot (including all costs of any resale or attempted resale); (2) any deposit or partial payment paid by Buyer: (3) to recover from Buyer all of its costs and expenses of collection, including attorneys’ fees of fifteen percent (15%) of the outstanding balance, interest on the outstanding balance of 1.5% per month and costs; and (4) all other relief and remedies allowed by the law. Georgia law applies and jurisdiction and venue over all disputes involving these Terms and Conditions shall be in Gwinnett County, Georgia. 8. Bidding on any Lot is acceptance of these Terms and Conditions and any and all other terms announced at the time of sale. These Conditions constitute the entire agreement between bidders and Slotin and supersede all prior agreements between them, if any.
Slotin Folk Art Auction: Steve Slotin - GAL #2864 Principal Auctioneer: Larry Troutman - GAL #2784
9. Shipping Is Easy! Slotin Folk Art Auction will be glad to pack and ship your auction purchases for you. We ship via UPS Ground. The shipping charges are listed in the catalog for U.S. continental shipments only. INSURANCE IS OPTIONAL AND MAY BE PURCHASED FOR AN ADDITIONAL $2 PER $100. A shipping invoice will be mailed along with the auction invoice the week after the auction. PLEASE ALLOW 3-4 WEEKS FOR DELIVERY. SHIPMENTS OUTSIDE U.S. WILL ARRANGE THROUGH THE UPS STORE - 706 429-4243 OR GUPTA3995@GMAIL.COM 10. SUGGESTED BIDDING INCREMENTS: 0-$500 - $25 increments. $500-1,000 - $50 increments. $1,000 and above - minimum of $100 increments. 11. Absentee Bidding Instructions: If you cannot attend this auction, but would like to bid on items, the procedure is quite simple: 1. Fill out the form on page 3, listing catalog lot number, description, and your top bid price for each item. The limit you leave should be the amount to which you would bid if you were to attend the sale. Bidding increments are listed above. Please make sure that your bids fall within these increments. At the auction, bids are handled in a competitive manner in an attempt to buy the object for less than your top bid. As our auctions are well attended, you will be competing against the audience and other absentee, phone and internet bidders. You will pay one bid above the next highest bid, but no more than your maximum. If two absentee bids are received with the exact same amount, the first bid received will take precedence. Slotin Folk Art Auction will always attempt to purchase designated lots for the lowest possible amount in competition with other bidders, but we cannot be held responsible for errors or failure to bid. 12. Live Phone Bidding Instructions: If you cannot attend this auction, but would like to be called as the lots you are interested in come up during auction, please complete the form on page 3. List the lot number, and a brief description. Where it says bid amount or phone number, simply list the phone number you would like us to use during the auction. You may leave a back up number. There is no need to list a bid amount unless you would like the phone operator to bid for you in the event that you cannot be reached. Absentee bidding and Phone bidding is a convenience we offer to our customers who cannot attend in person, and we will make every attempt to reach phone bidders as their lots come up during the auction, but we cannot be held responsible for errors, technical difficulties or failure to bid. Phone bidders may wish to view the auction live on online to check the progress of the sale and to help determine when to expect their phone calls. 13. Bidding Live on the Internet During the Auction: Bidders may place absentee bids or bid in real time along with our audience online. If you are bidding live online the Buyer’s commission is 23%. You may view the auction live for no fee. The process of bidding live on the internet is convenient, but not perfect. In addition to technological delays, there is also a live person typing the auction info in as quickly as she can while executing thousands of live internet bids. She will attempt to capture the bid history as accurately as possible, but in the event of a discrepancy, the auctioneer’s records are the official records of the auction. www.liveauctioneers.com Please visit Online Catalog to view additional photos for each lot:
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