Conditions of Sale

Conditions of sale

Please note: it is assumed that all bidders at auction have read and agreed to the conditions described on this page.
ART+OBJECT directors are available during the auction viewing to clarify any questions you may have.

1.
Registration: Only registered bidders may bid at auction. You are
required to complete a bidding card or absentee bidding form prior to
the auction giving your correct name, address and telephone contact +
supplementary information such as email addresses that you may wish to
supply to ART+OBJECT
2.
Bidding: The highest bidder will be the purchaser subject to the
auctioneer accepting the winning bid and any vendor's reserve having
been reached. The auctioneer has the right to refuse any bid. If this takes
place or in the event of a dispute the auctioneer may call for bids at the
previous lowest bid and proceed from this point. Bids advance at sums
decreed by the auctioneer unless signaled otherwise by the auctioneer.
No bids may be retracted. The auctioneer retains the right to bid on
behalf of the vendor up to the reserve figure.
3.
Reserve: Lots are offered and sold subject to the vendor's reserve price
being met.
4.
Lots offered and sold as described and viewed: ART+OBJECT makes
all attempts to accurately describe and catalogue lots offered for sale.
Notwithstanding this neither the vendor nor ART+OBJECT accepts any
liability for errors of description or faults and imperfections whether
described in writing or verbally. This applies to questions of authenticity
and quality of the item. Buyers are deemed to have inspected the item
thoroughly and proceed on their own judgment. The act of bidding is
agreed by the buyer to be an indication that they are satisfied on all
counts regarding condition and authenticity.
5.
Buyers premium: The purchaser by bidding acknowledges their
acceptance of a buyers premium to be added to the hammer price in the event of a successful sale at auction. Please consult the relevant auction catalogue to confirm the premium for each sale.
6.
ART+OBJECT is an agent for a vendor: A+O has the right to conduct
the sale of an item on behalf of a vendor. This may include withdrawing
an item from sale for any reason.
7.
Payment: Successful bidders are required to make full payment
immediately post sale - being either the day of the sale or the following
day. If for any reason payment is delayed then a 20% deposit is required
immediately and the balance to 100% required within 3 working days of
the sale date. Payment can be made by Eftpos, bank cheque or cash.
Cheques must be cleared before items are available for collection.
Credit cards are not accepted.
8.
Failure to make payment: If a purchaser fails to make payment as
outlined in point 7 above ART+OBJECT may without any advice to the
purchaser exercise its right to: a) rescind or stop the sale, b) re offer
the lot for sale to an underbidder or at auction. ART+OBJECT reserves
the right to pursue the purchaser for any difference in sale proceeds if
this course of action is chosen, c) to pursue legal remedy for breach of
contract.
9.
Collection of goods: Purchased items are to be removed from
ART+OBJECT premises immediately after payment or clearance of
cheques. Absentee bidders must make provision for the uplifting of
purchased items (see instructions on the facing page)
10.
Bidders obligations: The act of bidding means all bidders acknowledge
that they are personally responsible for payment if they are the
successful bidder. This includes all registered absentee or telephone
bidders. Bidders acting as an agent for a third party must obtain written
authority from ART+OBJECT and provide written instructions from any
represented party and their express commitment to pay all funds relating
to a successful bid by their nominated agent.
11.
Bids under reserve & highest subject bids: When the highest bid
is below the vendor's reserve this work may be announced by the
auctioneer as sold ' subject to vendor's authority' or some similar
phrase. The effect of this announcement is to signify that the highest
bidder will be the purchaser at the bid price if the vendor accepts this
price. If this highest bid is accepted then the purchaser has entered a
contract to purchase the item at the bid price plus any relevant buyers
premium.
Important advice for buyers
The following information does not form part of the conditions of sale,
however buyers, particularly first time bidders are recommended to read
these notes.
A.
Bidding at auction: Please ensure your instructions to the auctioneer
are clear and easily understood. It is well to understand that during
a busy sale with multiple bidders the auctioneer may not be able to
see all bids at all times. It is recommended that you raise your bidding
number clearly and without hesitation. If your bid is made in error or
you have misunderstood the bidding level please advise the auctioneer
immediately of your error - prior to the hammer falling. Please note that if
you have made a bid and the hammer has fallen and you are the highest
bidder you have entered a binding contract to purchase an item at the
bid price. New bidders in particular are advised to make themselves
known to the sale auctioneer who will assist you with any questions
about the conduct of the auction.
B.
Absentee bidding: ART+OBJECT welcomes absentee bids once the
necessary authority has been completed and lodged with ART+OBJECT.
A+O will do all it can to ensure bids are lodged on your behalf but
accepts no liability for failure to carry out these bids. See the Absentee
bidding form in this catalogue for information on lodging absentee
bids. These are accepted up to 2 hours prior to the published auction
commencement.
C.
Telephone bids: The same conditions apply to telephone bids. It is
highly preferable to bid over a landline as the vagaries of cellphone
connections may result in disappointment. You will be telephoned
prior to your indicated lot arising in the catalogue order. If the phone is
engaged or connection impossible the sale will proceed without your
bidding. At times during an auction the bidding can be frenetic so you
need to be sure you give clear instructions to the person executing
your bids. The auctioneer will endeavour to cater to the requirements
of phone bidders but cannot wait for a phone bid so your prompt
participation is requested.
D.
New Zealand dollars: All estimates in this catalogue are in New Zealand
dollars. The amount to be paid by successful bidders on the payment
date is the New Zealand dollar amount stated on the purchaser invoice.
Exchange rate variations are at the risk of the purchaser.
Conditions of sale
Please note: it is assumed that all bidders at auction have read and agreed to the conditions described on this page.
ART+OBJECT directors are available during the auction viewing to clarify any questions you may have.