REGULATIONS AND PROCEDURES
GUIDE TO THE PARTICIPANTS IN THE EXHIBITION AND PUBLIC AUCTION - REGULATIONS AND PROCEDURES
The Society of Judaica Collectors - Jerusalem - is hereby holding an exhibition in Judaica, to enable the public to examine these important items, with the possibility of purchasing them at an auction sale to be held at the conclusion of the exhibition. For the convenience of the public, we have published a detailed catalogue with photographs and descriptions for each item. Please regard the catalogue as your personal guide to the exhibition and auction. Our staff will be at your assistance throughout the exhibition and auction.
Administration of the Auction and Conditions of Sale:
The auction itself will be directed by an experienced auctioneer according to the standards and regulations of auction houses. We request visitors and participants to familiarize themselves with the regulations and current conditions. We recommend that people unfamiliar with these regulations ask our staff at the exhibition for the information they deem necessary.
-Participation in the public auction and receipt of a “participant’s number” are tantamount to confirming and agreeing that the recipient of the number is familiar with the regulations, procedures, and conditions of our exhibitions and public sales. Any problems arising during the auction sale or afterwards as a result of a purchase will be resolved by the purchaser and the management of the Society in accordance with accepted practice.
-Since the Society of Judaica Collectors (thereunder the Society), is merely the organizer and administrator of the exhibition and auction, and is not the owner of the items themselves, it is hereby agreed and stipulated that in no case will the Society be responsible to the purchasers after the transfer of the payment to the seller-owners. Thus, in case the payment received from the purchaser has already been transferred to the owner, and even if the complaint or claim made by the purchaser is justified, and we make every effort to have his money returned to him by the owner, we shall be under no obligation to do so, and shall not engage in any legal proceedings after it has been handed over to the owner, though we shall agree to provide the purchaser with suitable documentation on our part to enable him to engage in such legal proceedings against the owner.
-Upon receipt of the “participant’s number”, in person or via telephone, the potential buyer agrees and obligates himself not to prosecute us or place a lawsuit against us in the event of damage caused or error in the catalogue description. Any complaint or claim after transfer of the money to the seller, are only valid against the seller himself.
Prices and Estimates:
Participation in the auction is expressed: (a) by the personal presence of the purchaser in the hall; (b) by the presence of his representative; (c) by means of written or telephoned bids empowering the management of the Society to purchase various items for the person ordering them.
-The presence of the purchaser’s representative obliges him to make good his purchases, with whatever this entails. The Society shall not agree to obligate his sender or to free the representative of any obligation, even though the representative may fill his sender’s name explicitly in our forms.
-If we receive a telephoned or written order for a certain item, we shall strive to act in the interest of the person giving the order, just as if he himself was in the hall. We, however, are under no obligation to obtain the item for him.
-We are under no obligation to accept any bid, including the highest bid, even though the purchaser or his representative is personally present in the hall and participating in the auction.
-The auction itself is administered by announcing numbers in US$, though the actual payment may be made in either Shekalim in accordance with the average rate of exchange which will be announced at the auction hall or in US$.
- 18% charge is added to all payments made by the purchasers. This percentage is an integral part of the bid accepted by the auctioneer during the auction, and all obligations, etc, apply also to this percentage.
Bank and personal checks are accepted tentatively, until they are honored by the bank.
-Each item is accompanied by an estimated value made by our experts. There is no guarantee that the items will not be sold for a lower estimate nor that the actual price of the item will not be much higher than the highest estimated value. This paragraph does not detract from our consistent defense of the minimum price determined by the owner of the item.
Additional Information and Conditions:
-The purchaser or his representative will claim the purchased items as soon as possible. We request that he appear within seven days to make the payment and collect the acquisition: under no circumstances is this to take place after thirty days from actual date of auction. After thirty days, we have the right to return the item to its owner and/or obligate the purchaser to make full payment of all costs incurred.
-The purchaser himself is solely responsible for the dispatch of items to his home, in any way that he deems fit. The purchaser is responsible for the costs involved in such dispatch.
-ATTENTION OWNERS: The Society is not responsible for the actual carrying-out of payments undertaken by the purchasers during the auction. In the event that obligations by the purchaser are not honored, we shall support the former owner of the item in taking steps to obtain the payment owing him, but we shall not engage in legal procedures against purchasers. We shall proceed in all ways we find suitable, but we are under no obligation to do so.
-Purchasers and sellers agree to be considered legal parties in every way in case we exercise the rights we are hereby granted to engage in legal proceedings, or in any other accepted steps against a party who does not honor its obligations.
