Conditions of Sale
1. At that same time that a prospective Buyer registers to bid he or she must give the Art Experts his or her name and address and a valid credit card , and, if requested by the Art Experts, banking or other suitable references or identification and an acknowledgement that they have read and agreed to be bound by these Conditions.
2. Prospective buyers are advised to personally examine any property in which they are interested before the auction takes place. Condition reports are available on request.
3. Buyer's Premium - The Buyer shall pay to the Art Experts the Commission from the Hammer price - 21%
4. The Buyer shall make payment (including the hammer price, buyer's premium, all applicable taxes and other charges) within 7 ( seven) calendar days after the auction. The Art Experts shall be entitled to charge guarantee fee. The Buyer shall lose the paid guarantee deposit, if he/she has failed to make the payment in full within 7 days after the auction.
Full payment for all Lots must be made to the Art Experts by cash, electronic funds transfer or approved credit card. Where the Buyer wishes to pay by bank cheque, personal or company cheque, and the Art Experts has agreed that the Buyer may do so, a Lots will not be released until the cheque has cleared.
5. The Lot may not be given to the Buyer until full payment has been received.
6. Non Payment - If we do not receive payment in full, within seven (7) business days following the sale, we are entitled in our absolute discretion to exercise one or more of the following measures, in addition to any additional actions available to us by law: a.) to impose a late charge of one and a half percent (1.5%) per thirty (30) days of the total purchase price b.) to cancel the sale c.) to resell the property publicly or privately with such terms as we find appropriate d.) to not allow any bids at any upcoming auction by or on behalf of the buyer e)Unpaid bills are transferred to the debt collection company to further their administrationg.g) to take other action as we find necessary or appropriate.
7. Failure to Collect Purchases - If the Buyer purchases the Lot, pays the bill and does not take the Lot within 14 calendar days since the auction, the Art Experts shall organize for storage of the Lot on the account of the Buyer and shall send a written invitation to take out the Lot within 30 days. Whereas if the Lot is not taken out within 30 calendar days since the auction, the Art Experts shall organize for the storage and insurance of the Lot on the account of the Buyer. If the Lot is taken out within 90 calendar days, it shall be decided to sell the Lot in order to cover the insurance and storage costs. If the Lot is sold, the Art Experts shall transfer the acquired sum minus all expenses and 20% of the sales price to the bank account of the Buyer.
8. Condition Reports - Art Experts is not responsible for the correctness of any statement of any kind concerning any lot, whether written or oral, nor for any other errors or omissions in description or for any faults or defects in any lot. Neither the seller, ourselves, our officers, employees or agents, give any representation, warranty or guarantee or assume any liability of any kind in respect of any lot with regard to merchantability, fitness for a particular purpose, description, size, quality, condition, attribution, completeness, authorship, authenticity, rarity, importance, medium, provenance, exhibition history, literature or historical relevance. Except as required by local law any warranty of any kind whatsoever is excluded by this paragraph.
Any illustrations in the Catalogue are solely for the guidance of prospective Buyers and should not be relied upon in terms of tone or colour or necessarily to reveal imperfections in any Lot.
9. Purchased Lots - If for any reason a purchased lot cannot be delivered in the same condition as at the time of sale, or should any purchased lot be stolen, mis-delivered or lost prior to delivery, Art Experts shall not be liable for any amount in excess of that paid by the purchaser.
10. Responsibility for Lots purchased
The Buyer shall be responsible for any loss or damage to, or caused by, a Lot purchased by the Buyer from the fall of the Auctioneer's hammer and neither the Art Experts nor its employees or agents shall be responsible for any Claim while the Lot is in its power, possession or custody, except where the Art Experts (and its employees or agents) has not acted with due care and skill.
11. Legal Ramifications - The rights and obligations of the parties with respect to these Conditions of Sale, the conduct of the auction and any matters connected with any of the foregoing shall be governed and interpreted by the laws of the jurisdiction in Latvia.
Shipping Terms
The Buyer shall be responsible for all costs for the packing and shipping of the Lot. Art Experts will help arrange shipment, at buyer's expense.
The Buyer shall be responsible the risk of incurrence of any losses related to the transporting of the Lot from the moment of purchasing of the Lot.
The Art Experts may assist with packing of goods but takes no responsibility for loss, damage or breakage that may occur.
If the buyer wins multiple lots, we will combine shipping.
We ship Worldwide! Our shipping partners is Vervo LTD, Latvian Post, DHL. If You want shipping by the other company, please contact us!
We require a written authorization from the client to release property to any third party. Email your authorization to contact@artexperts.lv
Customs and duties are the sole responsibility of the buyers.
The tracking number will be emailed as soon as it becomes available.
If you have questions about shipping or packing, please email: contact@artexperts.lv
