Terms & Conditions of Sale - Please Read 1./ Everything is sold "As Is"- "Where Is". 1a/ We have attempted to make a consistent effort in cataloging and correctly describing the property to be sold. Should the need arise we will make verbal corrections and provide additional information at the time of sale. This however is not to be interpreted as any form of warranty or guarantee, as to age, condition or authenticity. All statements on such matter, whether printed or made orally, are to be considered opinions only and are not representatives of fact. It is the sole responsibility of the purchaser to satisfy themselves on the age, authenticity, condition, description and value of each lot before bidding. 2./ The auctioneer is the sole determinant as to who is the successful bidder and at his discretion may re-offer and resell the article if a dispute arises. Auctioneer’s sale recording shall be conclusive as to who was the purchaser and the purchase price. If there is no apparent interest in an item (an appreciable opening bid) the item will be passed from the block by the Auctioneer and will not be re-offered again until possibly a later date. 3./ Absentee bids are accepted at Poulin’s Auction Facility. A staff member will competitively bid for the absentee bidder. We let the audience start the bidding unless there is more than one bid at the book. If there is more than one bid then the bidding will be started above the under bidders. In the case of two bids being the same amount the bidding will start at that amount and the winner shall be the person who left the bid first, if there are no other bids on the floor. All left bids are considered confidential, and as such the names of the absentee bidders and the bid amounts will not be given out. Absentee bids will not be executed on items that are found to be other than described in the catalog. Phone bidding is allowed only under pre-arranged conditions determined by and discussed with the auctioneer prior to the auction. A 20% deposit is required on all absentee & phone bids. This amount will be charged to your credit card prior to the sale. If you are unsuccessful, the amount will be credited to your account within 48 hours of the sale end. If you are successful the 20% deposit will be deducted from your amount due. 4./ A 5% sales tax must be charged to anyone who cannot present a valid ANNUAL RESALE CERTIFICATE at time of registration. NO EXCEPTIONS. 5./ A Buyers Premium of 17% will be applied to all property sold to be paid by the buyer as part of the purchase price and is therefore subject to applicable state sales tax. A 2% discount will be given to those paying by Cash or pre-approved check. 6./ Auction staff may bid competitively on items offered. Occasionally an item may carry a conservative reserve. Therefore the auctioneer retains the right to bid on behalf of the owner. Actual reserve amounts will not be divulged, but we will tell you if an item carries a reserve should you inquire. 7./ Names of consignors are considered confidential and will not be given out unless we have prior approval from the consignor to do so or if auctioneer deems necessary. 8./ All items are to be paid for in American Funds. Checks are to be pre-approved by auctioneer prior to the auction (at least 2 business days before auction). The auctioneer reserves the right to hold merchandise purchased by check until the check has cleared the bank. We accept Cash, pre-approved checks, Visa, MC , American Express & Discover. Must have valid drivers license when paying by charge card. If you are registering or executing a bid for someone else, please bear in mind that you are responsible for the settlement of that account with us regardless of whether the person you’re executing or registering for pays you or not. 9./ A title passes upon the fall of the Auctioneer’s hammer. It will then be the responsibility of the buyer to make full payment prior to removing the items from the premises. It is both the buyer’s risk and expense for removal and must be made at the conclusion of the sale unless other arrangements are made with Poulin’s Auction Co. Please note any lots we might make arrangements for moving or storing are solely at the risk of the owner and any damage or loss occurring after the fall of the hammer becomes that of the buyer. Once the item is sold it will be tagged with the buyers bid number and can be claimed upon presentation of paid receipts only. All items to be packaged by the purchaser. 10./ We reserve the right to withdraw any property before the sale and shall have no liability for such withdrawal. 11/ If an article or articles cannot be removed on sale date, storage may be arranged for an agreed amount of time. A fee of $20 a month will be charged for any item being left in our facility longer than 60 days from auction date. ANY ITEMS left will be at owners risk. 12./ Any legal disputes arising from this auction shall be settled in the court system in the State of Maine. The Maine Uniform Commercial Code, Title 11, Section 2 - 328 applies to this auction sale. 13./ Maine Auctioneer Rules and Regulations are regulated by the Maine Board of Licensing of Auctioneers, 35 State House Station, Augusta, Maine 04333. 14./ Listing subject to omissions and errors. 15./ Bidding on article(s) indicates your acceptance of all of the above items. All sales are final and under no circumstances will partial or full refund be made. IT IS THE RESPONSIBILITY OF THE PURCHASER TO SATISFY THEMSELVES AS TO THE CONDITION, AGE, AUTHENTICITY, AND VALUE OF AN ITEM BEFORE BIDDING ON IT.
ABSENTEE BID TERMS 1. Important Note: Absentee bids are a service provided to our customers free of charge. Every effort is made to execute all absentee bids. However, you must know, that because of the thousands of bids that must be processed just prior to the auction, it is inevitable that a few mistakes will occur. Your best protection is to be there in person, but if you cannot, you must understand that this is not a perfect system and it is not at any auction house. We will do everything in our power to execute your bids properly, however, in the event of an error of omission, or failure to properly execute absentee bids, the auctioneer shall not be held liable. 2. All absentee bids must be accompanied by a 20% deposit which will be refunded immediately after the auction if your bid is unsuccessful. IF your bid is successful. Your 20% deposit will be applied to the purchase price and the balance due upon presentation of you bill. If time does not permit the physical 20% deposit, you may confirm your bid by your Visa, MC, American Express or Discover Card. Should you provide a credit card number, the only way that we would use your Credit Card other than for the deposit, is if you should default on payment, then we would bill your account for the remainder of your amount due. All absentee bids must have a deposit in order to be executed. 3. To execute an absentee bid, fill out the enclosed form, listing catalog number, description & your top bid price (not including buyers premium). Send this together with your deposit as soon as possible. Please call our office to confirm that we have received your bids whether you send them via mail or email. If they have not been received at that point please submit your bids via telephone. 4. A staff member will competitively bid for the absentee bidder. We let the audience start the bidding unless there is more than one bid at the book. If there is more than one bid then the bidding will be started above the under bidders. In the case of two bids being the same amount the bidding will start at that amount and the winner shall be the person who left the bid first as long as the audience does not bid higher. All left bids are considered confidential, and as such the names of the absentee bidders and the bid amounts will not be given out. Absentee bids will not be executed on items that are found to be other than described in the catalog. Every attempt will be made to notify the bidder of this change prior to the sale. 5. All bids must be in even dollar amounts. Bids submitted in fractions of dollars, or odd amounts will be considered the next lower even dollar amount. Example: $ 100.50 shall be $100.00. —-$ 103.00 will be $100.00. 6. We will not accept bids with no set top amount. You must supply a definite top bid. Orders to “simply just buy the lot”, will not be accepted. 7. Phone Bids. You must be willing to start the bidding at a minimum of half the low estimate. You must be willing to supply us with a 20% deposit based on half the low catalog estimate. (Note: There are limited phone lines available.) Cover Me Bids: To help insure that you don’t miss out on an object, some people like to place a cover me bid at the time they make phone bid arrangements. No system is perfect and sometimes it is impossible, for one reason or another to get through to the client on the telephone. A cover Me Bid is a bid left only with your phone agent. If he/she cannot get through to you on the phone, they will bid up to that amount on your behalf. The only way they execute this bid is if they cannot get through to you. 8. Notification Of Success: An invoice will be sent out to all successful bidders within 48 hours of the auction. Payment is due once you receive this invoice. Note: We pay our consignors within 30 days of the auction. You must notify us within 29 days of the last day of the auction if you find some major discrepancy or all possiblilty in a return is null and void. Delay in payment , means delay in shipment to you. Speediest form of payment is Credit Cards, Bank Checks or wire transfer. Personal or Business checks will hold the shipment up for 10 business days until checks have cleared the bank. Only successful bidders are contacted. We will call successful bidders the day after the auction to 9. PHONE INQUIRIES regarding your success cannot be answered until the second business day after the final auction day. We are simply to busy with after auction details and people who are personally here. 10. SHIPPING: Please refer to the information pages pertaining to shipping and payment that follow the absentee bid pages. Purchasers should indicate desired method of shipping if such is necessary. We will be pleased to assist you by shipping items which you purchase. A charge for this service includes labor, packing materials, shipping cost & insurance. All shipping charges are C.O.D. or by provided credit card. (Shipping can take 10 to 14 days depending on shipping department work load). The shipping department may decline to execute instructions to ship items which are too large or too fragile to be shipped by common carrier. In such cases, the only way we can ship these special items is by way of a letter from the buyer releasing us from the responsibility of any damage that might occur in shipping. 11. BIDDING ON ARTICLE(S) INDICATES YOUR ACCEPTANCE OF THESE TERMS ABOVE. If you need additional information on any of the items, please contact our office. We will be glad to assist you.
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