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1. The seller guarantees that he is the rightful owner of, or may legitimately dispose of, the goods being offered by auction. He guarantees also that he has no knowledge whatever to the effect that the goods offered by auction have been acquired unlawfully, and also that no third party can claim any rights (pledge, collateral, etc.) over those goods.
2. The sale of the goods is made by the auction-house as an agent, acting in the name of, and for account of, the seller. The auction-house is authorised to protect all the seller’s rights, in accordance with the sales instructions given to him, and, in the event of an effective sale, to act in the name of, and on behalf of, the seller. Until the goods sold are paid for in full by the buyer, they remain the seller’s property; only after receipt of payment in full do the goods become the property of the buyer.
The auction-house will at no time be the owner of the goods.
3. The sale takes place by auction, against payment in cash, with a premium of 18.15%. This premium is made up as follows:-
- 15 % commission on the price for which a lot is sold;
- 21 % V.A.T. on this commission.
4. The authenticity of the goods is guaranteed by the expert. Should any dispute arise, the item has to be returned to the auction-house within eight days of receipt.
5. In the event of an incorrect or unintentional bid, the lot in question will immediately be offered again for auction.
6. The prices in the catalogue are starting-prices, and no lower bid will be accepted.
7. Written buying orders will be executed carefully, and without charge. Any charges for postage and insurance will be for the account of the buyer.
8. Written bids are to be made in euro.
9. With immediate effect after the sale of the lot, the goods (which will be kept with the greatest care) are for the account of the buyer and at the buyer’s risk. No complaints will be accepted.
10. Damage or loss during the process of delivery by third parties (eg mailing companies) is at the risk of the buyer.
11. Antwerp is accepted as the place where all obligations are to be met. In the event of a dispute, both parties agree to comply with the decision of the Antwerp courts.
12. The Process-Server acting in the matter will finally settle all disputes in connection with this sale.
13. On other matters all normal current legal terms and conditions will apply.
14.Sellers and buyers subject to V.A.T. must comply with the amended current V.A.T. instructions dated January 2, 1995 (No.E.T. 76, E.T. 10.187, rules laid down in section 58 § 4 of the V.A.T. code).
15. In case of ex-aequo bid, the absentee bid has priority over the telephone bid. The telephone bid has priority over a bid in the room.
16.The descriptions in the catalogue are made as good as possible. Any errors are no reason to cancel the purchase