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Lot 108: "Untitled" Signed Luigi Settanni Oil Painting

Est: $2,500 USD - $3,500 USDPassed
Bounds AuctionsFort Washington, PA, USNovember 22, 2015

Item Overview

Description

Oil on canvas By Luigi Settanni (1908-1984) “Seascape” “16 x 20” Post impressionist abstract. A modern American painter of some importantance, Settanni was a favorite protégé of Albert Barnes and there are 11 of his works in the Barnes collection. This work has been in the possession of this family since 1965. NOTE: If you are considering bidding on this item, please review your bidding limit. You may want to contact the auction company, especially if you are considering bidding on other items as well.

Artist or Maker

Payment & Shipping

Payment

Accepted forms of payment: MasterCard, Paypal, Visa, Wire Transfer

Shipping

The exclusive packing/ shipping agent for this auction is:
The UPS Store # 1152
303 West Lancaster Ave
Wayne Pa 19087
610-975-0860
Attn manager
UPS, Fed Ex, USPS, freight or van line shipping are available.
Please wait for initial contact from the shipping agent, which will happen once the merchandise has transferred to their possession. Shipping and packing and insurance (if desired) costs are paid directly to the shipping agent.

It is strongly preferred that all merchandise be handled by the exclusive shipper for this auction. The shipper will receive items upon receipt of payment to Bounds Auctions. Arrangements for packing, shipping, etc. and all costs associated with same will be between buyer and shipping agent. Shipping agent will contact buyer when merchandise moves into their possession. Lots will be combined for shipping to minimize cost as much as possible.

Auction Details

Terms

Live bidding may start higher or lower

Buyer's Premium

$1 - 3,500:22.5%
$3,501 - 5,000:20.5%
$5,001+:18.5%

Bidding Increments

From:To:Increment:
$0$49$5
$50$199$10
$200$499$25
$500$999$50
$1,000$2,999$100
$3,000$7,999$250
$8,000$12,499$500
$12,500$19,999$1,000
$20,000+$2,500

Terms of Sale

This auction is live, real time, on line only bidding. Pre-bidding is available at any time prior to the opening of the live auction. All property is sold 'AS IS, WHERE IS', and 'ALL SALES ARE FINAL'. Requests to cancel bids after the closing of a lot will be denied. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor by the title and description information along with the photographs provided. Bounds Auctions has endeavored to fully and completely describe the merchandise in its text and photographs and warrants that each photo represents the actual item offered. Much of the photography was performed on site, with color corrected or natural lighting. Every attempt has been made to properly represent the merchandise. In no event shall Bounds Auctions be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value and condition. Auction and all documentation is in English only; all communication with auction company must be in English. All payments must be US denominated.
Inspection: Inspection of the merchandise is encouraged and is by appointment. Auctioneer will need to be contacted in advance and be notified as to which lots are to be inspected.

When bids are made, sales are final and no returns are accepted for any reason other than receiving the wrong item. Should an item be damaged in shipping, the buyer will have purchased insurance to cover said loss and collect from the carrier's insurance directly. Under no circumstances will the Bidder hold Bounds Auctions or any of its agents responsible for any problem created by the internet auction service provider.
Buyer agrees to pay the buyer's premium, any on-line provider fees and all related packing and shipping costs.

BUYER'S PREMIUM
A 17 1/2% Buyer's Premium will be charged for each lot sold separately under $3,500, 15 ½ % above $3,500 to $5,000 and 13 ½ % above $5,000.00.
Electronic bidding platform fee: A 5% additional electronic bidding platform fee applies in addition to the Buyer's Premium. By registering to bid, Buyer agrees to pay the buyer's premium and on-line provider fees.
PACKING &SHIPPING
The exclusive packing/ shipping agent for this auction is:
The UPS Store # 1152
303 West Lancaster Ave
Wayne Pa 19087
610-975-0860
Attn manager
UPS, Fed Ex, USPS, freight or van line shipping are available.
Please wait for initial contact from the shipping agent, which will happen once the merchandise has transferred to their possession. Shipping and packing and insurance (if desired) costs are paid directly to the shipping agent.

It is strongly preferred that all merchandise be handled by the exclusive shipper for this auction. The shipper will receive items upon receipt of payment to Bounds Auctions. Arrangements for packing, shipping, etc. and all costs associated with same will be between buyer and shipping agent. Shipping agent will contact buyer when merchandise moves into their possession. Lots will be combined for shipping to minimize cost as much as possible.
SPECIAL NOTE: The auction company is not responsible for any moving, packing or shipping. If you choose, it may be possible for you to arrange to pick up your merchandise by appointment with the auctioneer in the week following the auction. You MUST notify Bounds Auctions prior to the start of the auction if you intend to pick up items for which you are the winning bidder. You must provide your copy of the paid invoice and identification at that time. Please keep in mind that the majority of these items are kept in a secure environment, therefore advance notice must be given and pick up will be at a location subject to the approval of Bounds Auctions. You will need to provide all of the necessary packing materials, and all labor to move your items.

Please feel free to contact the Auctioneer well in advance with any questions.
Bounds Auctions will make every reasonable effort to respond to all emails or phone calls up until 24 hours before the sale. We advise that you register to bid in the auction as soon as possible. We cannot guarantee that bidders registering the day of the auction will be approved.

Unless otherwise announced by the auctioneer prior to opening of live sale, all bids are per lot as numbered. The auctioneer reserves the right to withdraw any property at any time.

DETERMINATION OF HIGHEST BIDDER: The highest bidder accepted by the auctioneer shall be the buyer. In the event of any dispute the auctioneer may determine who the successful bidder is and his decision shall be final. Your bid is a legally binding contract. Upon the fall of the auctioneer's hammer, title will pass to the highest bidder, and the property is thereafter at the purchaser's sole risk and responsibility. Participants must register and be approved to bid before the auction. The auctioneer reserves the right to deny approval for any reason.
PAYMENT
Payment is due at the close of the auction, upon presentation of the invoice to the buyer via e-mail. PayPal is our preferred method of payment and is made available directly through the invoice. Visa and MasterCard are also accepted. Wire transfer is required for any bidder's total in excess of $7,500 USD, with the buyer bearing all costs associated with sending the transfer.

PA sales tax will not be charged to PA residents under Section 31.23.

CREDIT CARDS
If not using Paypal, the Auction Company accepts only Visa and MasterCard for payment. Winning bidder's credit card information will be required by the electronic bidding platform to register to bid and it may be used for payment to the auction company as well as for packing and shipping. If you are the winning bidder you must provide phone contact information to auction company. Bidder should contact the auction company at the phone number provided on the invoice or they will be contacted by the auction company for payment processing over the phone. No credit card information will be retained by the auction company post processing payment. Checks are not accepted.
All bidders must provide a telephone contact number.
By registering to bid, one agrees to all the above terms of sale.

Buyer's Premium

A 17 1/2% Buyer's Premium will be charged for each lot sold separately under $3,500, 15 ½ % above $3,500 to $5,000 and 13 ½ % above $5,000.00.
Electronic bidding platform fee: A 5% additional electronic bidding platform fee applies in addition to the Buyer's Premium. By registering to bid, Buyer agrees to pay the buyer's premium and on-line provider fees.

Payment Terms

Payment is due at the close of the auction, upon presentation of the invoice to the buyer via e-mail. PayPal is our preferred method of payment and is made available directly through the invoice. Visa and MasterCard are also accepted. Wire transfer is required for any bidder's total in excess of $7,500 USD, with the buyer bearing all costs associated with sending the transfer.
CREDIT CARDS
If not using Paypal, the Auction Company accepts only Visa and MasterCard for payment. Winning bidder's credit card information will be required by the electronic bidding platform to register to bid and it may be used for payment to the auction company as well as for packing and shipping. If you are the winning bidder you must provide phone contact information to auction company. Bidder should contact the auction company at the phone number provided on the invoice or they will be contacted by the auction company for payment processing over the phone. No credit card information will be retained by the auction company post processing payment. Checks are not accepted.
All bidders must provide a telephone contact number.

Shipping Terms

The exclusive packing/ shipping agent for this auction is:
The UPS Store # 1152
303 West Lancaster Ave
Wayne Pa 19087
610-975-0860
Attn manager
UPS, Fed Ex, USPS, freight or van line shipping are available.
Please wait for initial contact from the shipping agent, which will happen once the merchandise has transferred to their possession. Shipping and packing and insurance (if desired) costs are paid directly to the shipping agent.

It is strongly preferred that all merchandise be handled by the exclusive shipper for this auction. The shipper will receive items upon receipt of payment to Bounds Auctions. Arrangements for packing, shipping, etc. and all costs associated with same will be between buyer and shipping agent. Shipping agent will contact buyer when merchandise moves into their possession. Lots will be combined for shipping to minimize cost as much as possible.

Shipping Terms

The exclusive packing/ shipping agent for this auction is:
The UPS Store # 1152
303 West Lancaster Ave
Wayne Pa 19087
610-975-0860
Attn manager
UPS, Fed Ex, USPS, freight or van line shipping are available.
Please wait for initial contact from the shipping agent, which will happen once the merchandise has transferred to their possession. Shipping and packing and insurance (if desired) costs are paid directly to the shipping agent.

It is strongly preferred that all merchandise be handled by the exclusive shipper for this auction. The shipper will receive items upon receipt of payment to Bounds Auctions. Arrangements for packing, shipping, etc. and all costs associated with same will be between buyer and shipping agent. Shipping agent will contact buyer when merchandise moves into their possession. Lots will be combined for shipping to minimize cost as much as possible.