Terms and Conditions of Sale
General
Medalhouse OY (hereinafter "the auctioneer") acts as agent for the seller. All prices in the catalog are estimate selling prices denominated in Euros. The starting price might be lower than the estimate price. The final sale price might be higher than the estimate price. Buyer's commission of 18% plus VAT will be added to the hammer price. The auctioneer reserves the right to withdraw any lot from the sale prior or during the auction.
Description of Lots
All lots in this catalog are described as accurately as possible and in good faith. Since condition of any lot is a matter of opinion no guarantee of condition is stated or implied by catalog descriptions. Wherever possible the auctioneer uses the help of experts, well-known in their field to determine originality of lots. Buyers are also strongly encouraged to examine all lots, during the viewing held one day prior to the sale.
Registration
All persons willing to participate in the auction are required to register with the auctioneer. No bids from unregistered persons will be accepted. By registering the bidder unconditionally agrees to Terms and Conditions of the sale. The auctioneer reserves the right to refuse registration to anyone for any reason. The auctioneer might also request references and/or deposit from unknown persons.
Bidding
Your bid is a binding contract. Every bidder is fully responsible for his own bids: in case of any dispute no claims of acting on behalf of the third party will be accepted. The auctioneer might request references and/or deposit from unknown bidders prior to the auction.
Mail/absentee bids are accepted up until 24 hours before the beginning of the auction. Verbal bids over the phone are also accepted but they must be confirmed in writing (completed bidding form should be mailed or emailed to the auctioneer prior to beginning of the sale). In such case, the auctioneer will act on behalf of the absentee bidder. There is no charge for this service.
The maximum bid amount have to be stated clearly. No "unlimited" or "maximum price" bids will be honored. Phone bids during the course of live auction are accepted for lots with estimated selling price of 500 Euros and above. If you plan to bid over the phone please contact the auctioneer as early as possible, as prior arrangements need to be made in order to facilitate the phone bidding.
Conduct of the Sale
The auctioneer has absolute discretion in the conduct of the sale. The auctioneer reserves the right to change the sequence of lots during the sale, to start the bidding from whatever price he deems reasonable and to set up any bid increments. The auctioneer also reserves the right to refuse any bids, which, in his opinion, were made not in good faith.
Payment
On the fall of the hammer the lot will go to the bidder that offered the highest price. From that moment the buyer will also bear all the risks associated with the lot (accidental damage, storage, transportation, etc.). However, the ownership title for the lot does not transfer until the payment has been made in full. Unless prior arrangements were made, full payment is due immediately after the end of the sale. Buyer's commission of 18% plus VAT will be added to the hammer price. Payment can be made in cash or by bank transfer (direct or wire). Payment with credit and debit cards (Visa, Master card) is also possible but prior arrangements need to be made. If you are planning to pay with a debit or credit card, please advice the auctioneer before the beginning of the sale.
Delivery
No lot will be released to the buyer until paid in full. Once full payment is received the lot will be available for pickup immediately after the end of the sale. If the buyer is unable or unwilling to pick the lot up the auctioneer will ship it to the address listed on buyer's registration form. Postal insurance of the item (full value) is mandatory and is to be paid by the buyer as well as all other shipping and handling costs. The auctioneer cannot be held responsible for lots being lost or damaged while in transit. Any customs duties and taxes are also responsibility of the buyer.
Unpaid lots
Unless prior arrangements were made, all lots not paid in full within 7 days after the auction would incur a late fee. In addition to that the auctioneer reserves the right to charge the late-paying bidder the interest on the full hammer price of the lot as well as other additional fees (storage, etc.). The bidder unconditionally agrees to pay such fees should he delay the payment for the purchased lot. Moreover, the auctioneer also reserves the right to re-sell the lot if its not paid in full within reasonable amount of time and to file a lawsuit against non-paying bidder for failure to execute the bidding contract.
Returns
All sales are final with the fall of the hammer. Returns could only be accepted if the item turns to be significantly different from the description in the catalog. The returned item must be in the same condition as before the sale. Return can only be discussed with immediate buyer (end consumer) of the lot. Condition-based return claims from participants of the live auction will not be accepted. Mail/absentee bidders must prove that the lot has been significantly misrepresented in the catalog. Under no circumstances the return will be accepted once the consignor has been paid. In case of any disagreement, the final and ultimate decision regarding return of any lot belongs to the auctioneer
Dispute resolution
In case of any contradictions between several translations of Terms and Conditions, Finnish version of the text prevails. The business of the auctioneer is governed by laws of the Republic of Finland. Any litigation arising out of the auction sale and/or interpretation or execution of these Terms and Conditions should take place in respective court in the Republic of Finland. Under any circumstances, the auctioneer's maximum responsibility is limited to the hammer price of the item in question. Additional expenses and/or lost profit claims would not be accepted.
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