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Conditions of Business
1.
Australian Book Auctions its servants and agents ("the Auctioneer") is agent
for the Seller and is not responsible for any act or omission or default of the
Seller or the Buyer.
2a.
The Auctioneer has the right in his absolute discretion to refuse any person
admission to or to eject any person from the place of auction.
2b.
As a service to bidders Australian Book Auctions will, if so instructed in
writing at least 24 hours prior to the sale:
(i)
make bids on behalf of prospective buyers; or,
(ii)
make all reasonable efforts to contact prospective buyers by telephone so as
to enable them to participate in bidding by telephone; but in no circumstance
will the Auctioneer be responsible to the Seller or to any prospective buyers
for any failure or neglect to do so.
3a.
Every prospective buyer must complete and sign a registration form and provide
all identification that may be required by the Auctioneer before bidding at any
auction.
3b.
The highest bidder shall be the Buyer subject to the Seller's reserve price if
any which is confidential between the Seller and the Auctioneer. The Auctioneer
may, however, refuse to accept any bid which is not in the best interests of
the Seller.
3c.
In the event of any error or dispute during or after the sale of any lot, the
Auctioneer may in his absolute discretion and regardless of the fall of the
hammer put up such lot again for sale or withdraw the lot from sale. The
decision of the Auctioneer shall be final.
3d.
The Auctioneer has the right in his absolute discretion:
(i)
to refuse any bid;
(ii)
to advance and regulate the bidding as he decides;
(iii)
to refuse any bid that does not exceed the previous bid by at least ten
percent or by such other proportion as the auctioneer may determine;
(iv) to divide any lot, combine any two or more lots, or withdraw any lot from
sale;
(v) bid on behalf of the Seller or of other prospective buyers without
disclosure.
3e.
Any bid acknowledged and relied upon by the Auctioneer may not be withdrawn
without the approval of the auctioneer.
3f.
In the event that any lot fails to reach its reserve price and is bought in on
behalf of the Seller, the Auctioneer may in his absolute discretion refer the
bid of the highest bidder to the Seller. If the Seller accepts such bid then
the lot shall be deemed to have been sold at the auction and the obligations of
Seller and Buyer to the Auctioneer in respect of such lot are the same as if it
had been sold at auction.
3g.
Notwithstanding anything else in these Conditions, in the event that any lot is
unsold the Auctioneer has the right to sell such lot thereafter by private
treaty but otherwise subject to these Conditions and the obligations of Seller
and Buyer to the Auctioneer in respect of such lot are the same as if it had
been sold at auction.
3h.
All lots are in all respects at the risk of the Buyer after the fall of the
hammer.
4a.
Subject to the Auctioneer's discretion the fall of the hammer marks his
acceptance of the highest bid and the conclusion of a contract for sale between
the Buyer and the Seller. It shall not be requisite for the Buyer to sign the
sale book but the entry of the Buyer's name and the amount of his bid in the
sale book by the Auctioneer without any further authority or consent from the
Buyer than this condition shall be final and binding on all parties and such
entry together with these Conditions shall constitute the whole of the
contract. A deposit or the whole of the Purchase Price may be demanded by the
Auctioneer at the fall of the hammer. The title to a lot shall not pass to the
Buyer until the Purchase Price (plus interest and any other charges if
applicable) has been paid in full.
4b.
The Buyer must pay to the Auctioneer in addition to the hammer price on each
lot a buyer's premium of 16.5%. The hammer price plus the buyer's
premium constitute the Purchase Price of a lot. The Buyer acknowledges that the
Auctioneer as agent for the Seller may also receive a commission from the
Seller.
4c.
The successful bidder shall be deemed to be the Buyer and be personally liable
unless it has been agreed in writing at the time of registration and prior to
the sale that a bidder is acting as agent on behalf of a third party and that
such third party is acceptable to the Auctioneer.
4d.
It shall be the responsibility of the Buyer to obtain any permit required under
the Protection of Movable Cultural Heritage Act 1986, the Wildlife Protection
(Regulation of Exports and Imports) Act 1982 and any other legislation, all as
amended, which may restrict or prohibit the export of a lot outside a state or
the Commonwealth of Australia. Refusal of any permit shall not vitiate the sale
and the Buyer shall be bound to take delivery of the lot without an allowance
or abatement in price.
5a.
At the conclusion of the auction the Buyer will immediately pay to the Auctioneer
the whole of the Purchase Price. Payment of the Purchase Price
shall be made in Australian dollars in cash. Payment by personal
cheque or bank cheque in Australian dollars drawn on an Australian
bank may be accepted at the Auctioneer's discretion and, unless
prior arrangements have been made, must be cleared before
delivery of purchases. Credit card payments by Mastercard,
Visa, or Bankcard can also be accepted by prior arrangement.
Payments made by credit card are subject to an additional charge
of 3% to cover bank fees and charges. The Buyer will pay interest
at a rate of 3% per month on the Purchase Price in the event of the
Purchase Price remaining unpaid for more than 24 hours after the sale.
5b.
Any payments made to the Auctioneer may be applied by the Auctioneer towards
any sums owing from that Buyer to the Auctioneer on any account whatever
without regard to any direction of the Buyer or his agent, whether express or
implied as to how payment should be applied.
5c.
Should one Buyer purchase more than one lot at the same auction then each
contract shall be interdependent with the others and default under one shall be
deemed to be default under all the others, unless the Auctioneer should elect
otherwise.
5d.
All lots purchased must be collected from the place of auctionwithin seven days following the auction, provided the
full Purchase Price has been paid to the Auctioneer.
5e.
If a Buyer has not collected any or all of his purchases within seven days of the auction, the Auctioneer may place the property in storage at the
Buyer's risk and the Buyer shall be responsible for all removal, storage and
insurance charges on such property. Packing, handling and transportation of all
purchased lots is entirely at the risk and expense of the Buyer. In no event
will the Auctioneer be liable for loss of or damage to purchased lots
irrespective of cause, including negligence, notwithstanding that the property
is in the custody and control of the Auctioneer at the time of the occurrence
of such loss or damage.
5f.
In the event of a breach by the Buyer of any of the terms of these Conditions
then any deposit or other sums paid to the Auctioneer shall be forfeited and
the Auctioneer in his absolute discretion, without prejudice to any other
rights or remedies available to him, will be entitled without notice to the
Buyer to dispose of the Buyer's purchases by public auction or private treaty
and the Buyer shall pay to the Auctioneer any resulting deficiency in the
Purchase Price (plus interest) and any other costs incurred as a result of the
Buyer's default, including storage, freight, insurance and any other charges
whatsoever. Any surplus shall be paid to the Seller.
6a.
Any warranties express or implied on the part of the Auctioneer or Seller,
other than those that are expressly contained in these Conditions, are hereby
excluded. Without limiting the generality of the foregoing any representation
in any catalogue, advertisement, condition report, or made orally or in writing
elsewhere as to authorship, origin, date, age, size, medium, attribution,
genuineness, provenance, condition or estimated selling price is a statement of
opinion only. Prospective buyers must satisfy themselves as to all matters
relating to the condition, description, authenticity and the nature of any lot
by inspection or by obtaining any independent expert advice reasonable in view
of the buyers' particular expertise and the value of the lot prior to the date
of the auction and the Buyer must take delivery of the lot with all faults
patent or latent (if any). Accordingly, buyers will be deemed to have knowledge
of all matters which they could reasonably be expected to find out given their
particular expertise and the exercise by them of reasonable due diligence
.
6b.
All conditions, notices, descriptions, statements and other matters concerning
a lot are subject to any statement modifying or affecting that lot made by the
Auctioneer from the rostrum prior to any bid being accepted on that lot.
6c.
All lots are sold "as is" and no error or misdescription or deficiency in
quantity shall vitiate the sale and the Buyer shall be bound to take delivery
of the lot without an allowance or abatement in price.
6d.
Many lots are of an age or nature that precludes their being in perfect
condition and reference may be made in some descriptions to damage,
restoration, or defect. Such information is given for guidance only and the
absence of such reference does not imply that a lot is free from defects nor
does the reference to particular defects imply the absence of others.
Prospective buyers must satisfy themselves as to all matters relating to the
condition, description, authenticity and the nature of any lot by inspection or
otherwise prior to the date of the auction and the Buyer must take delivery of
the lot with all faults patent or latent (if any).
6e.
Neither the Auctioneer nor the Seller make any representations or warranties,
implied or express, as to whether any lot is subject to copyrights nor whether
the Buyer acquires any copyrights, including but not limited to reproduction
rights in any lot sold.
6f.
The Seller gives to Australian Book Auctions full and absolute right to
photograph and illustrate any lot consigned for sale and to use such
photographs and illustrations at any time at its absolute discretion whether or
not in connection with the sale.
7a.
Notwithstanding anything else in these Conditions if within fourteen days of
the sale notice in writing from the Buyer is given to the Auctioneer that in
the Buyer's opinion the lot is a forgery that at the time of the sale had a
value materially less than the Purchase Price then the lot may be returned
within a reasonably agreed time to the Auctioneer. Should the Auctioneer be
satisfied that:
(i)
the lot is returned in the same condition as it was at the date of the sale;
and
(ii)
the Buyer establishes that he has not sold or transferred the lot, and that no
rights have been created in favour of any third party in respect of that lot;
and
(iii)
the Buyer establishes that the lot is a forgery, that is to say an imitation
originally conceived and executed as a whole with a fraudulent intention to
deceive as to authorship, age, origin, period, culture or source and where the
correct description as to such matters is not fairly reflected by the catalogue
description amended by any statement modifying or affecting that lot made by
the Auctioneer from the rostrum prior to any bid being accepted on that lot. No
lot shall be capable of being a forgery by reason of any damage, restoration of
any kind (including pen facsimile), defects of binding, staining, spotting,
foxing, oxidisation, toning, absence of blank leaves or list of plates or list
of subscribers or advertisement leaves or cancel leaves or errata slips or
errata leaves; then the sale will be rescinded and the amount paid by the Buyer
will be refunded.
7b.
The Buyer shall be entitled to claim under this condition only the Purchase
Price, being the hammer price plus the buyer's premium, or part thereof
actually paid by the Buyer to the Auctioneer for the lot and shall not include
a refund of any sales tax, storage charge, insurance, interest, commissions, or
any other costs to the Buyer other than the Purchase Price actually paid and
specifically the Buyer shall have no claims for any direct or consequential
loss suffered or expense incurred by him.
7c.
This condition does not apply to any multiple lot, box lot, shelf lot, or any
lot described in the catalogue as sold "not subject to return".
7d.
The benefit of this condition is a non-assignable exclusive right in favour of
the actual Buyer of the lot at the auction and, without limiting the generality
of the foregoing, may not be assigned to a third party by a Buyer acting as an
agent on behalf of such third party except when in accordance with clause 4c of
these Conditions.
7e.
The Buyer shall not be entitled to claim under this condition if he is in
breach of any of the terms of these Conditions.
7f.
The terms of this condition shall not operate so as to exclude such conditions
or warranties as are implied by state of federal law and which cannot legally
be excluded or where such exclusion would render any contract with the Buyer,
or any part of such a contract, void or voidable.
8a.
These Conditions of Business shall be governed and construed in accordance with
the laws of the State of Victoria, Australia and all parties concerned hereby submit to the
exclusive jurisdiction of the courts of that state.
8b.
If any part of these Conditions of Business is found by any court to be
invalid, illegal or unenforceable, that part may be discounted and the rest of
the conditions shall continue to be valid and enforceable to the fullest extent
permitted by law. top |