![]() ![]() For the resale in the auction the bidder is treated as supplier and has to pay the corresponding or¬der commission as well as the tax to be paid on it. Independent from the above the auctioneer can also put this object for auction in one of the next auctions on cost of the purchaser. 9) In case the payment is not settled in time or the objects are not taken, the auctioneer has the right either to demand the performance of the contract of purchase or can claim damages due to the non-performance. Also without proof of a loss the interest for delay at the bank usual rate can be charged. In case a payment does not reach the auctioneer in due time, the purchaser is liable without reminder for all resulting losses. Otherwise the goods are still the property of the consigner until complete payment. The objects will only be delivered if the payment has been settled. 8) The goods become the property of the purchaser only after the complete payment. In case of an acquisition by submittance of a written order, the pay¬ment has to be settled within 8 days after the invoice date. ![]() The entire amount, which has to be paid by the purchaser, is immediately due and has either to be settled in cash, wire transfer or by guaranteed bank draft. The tax (19 %) has to be paid on the surcharge, i.e. 7) A premium of 21,8 % has to be paid on the knocking down price. Each bidder buys in his own name and for his own account. The knocking down transfers the risk of possible losses, damages, mistakes to the purchaser. He can also knock down to the next lowest bid or can start again with the initial bid of this lot. ![]() If there is a disagreement on a knocking down or if an offer is made in time has been dis¬regarded, the auctioneer can all the same knock down this bid and can follow-up the rights resulting out of this. Decisive in this case is the point of time of its entry. In case of identical written offers, the computer makes the decision to the benefit of the first offer received. In case several per¬sons make the same offer, the knocking down is decided by lot. 5) The auctioneer can refuse an offer in this case the offer given right before remains binding. The bidding is done by showing the bidding number or by a written offer. 4) The auctioneer can combine numbers, separate them, can offer them out of the sequence or can withdraw them. The knocking down is done if no higher offer is made after the third repetition of the highest offer and if the limit price has been achieved. The auctioneer can deviate from this regulation in particular cases. 3) Normally the bids are increased in steps of 10 % of the initial price with a minimum of € 5.–. – No right of return of any sold item, therefore please use the advantage of the previewing (also by your friends). The descriptions in the catalogue are made to the best of our knowledge, but they are no guaranteed attributes in the sense of § 459 and following BGB. They will be put up for auction in the condition as they are without any liability for visible or hidden defects as well as for attributes later claims of any kind cannot be taken into consideration. 2) The goods to be sold in the auction can be examined and checked at determined times before the auction – under the full responsibility and risk of the interested client The total amount payable will be the aggregate of the sum payable under each of the above rate bands, up to a maximum total amount of €12,500 for any single lot.Auction conditions 1) The auction is carried out voluntarily under foreign name and on account of the customer. In addition to the Purchase Price, lots indicated with this symbol (§) may qualify for and be subject to payment by the Buyer of the Artist’s Resale Right at a percentage of the Hammer Price calculated as follows: Portion of the Hammer Price The asterisk symbol (*) indicates that the lot has been imported from outside the UK and is currently liable to a reduced rate of VAT (5%) on the hammer price, the buyer’s premium of 29.4% (24.5% + VAT at the standard rate) is also due. The dagger symbol (†) indicates a lot on which VAT is payable by the Buyer at the standard rate (presently 20%) on the Hammer Price. No online surcharge for bids placed on the Cheffins website. Plus buyer’s premium of 29.4% inclusive of VAT 20%.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |