We add 15% Sellers and 15% Buyers Commission to our Works.
PRINT AUCTIONS c.c. carries on business as fine art auctioneers and appraisers. As auctioneers, PRINT AUCTIONS would usually act as agent of the seller of a lot or (in instances where PRINT AUCTIONS owns or has a financial interest in any lot) as principal. The contractual relationship of PRINT AUCTIONS with prospective buyers and sellers is governed by (i) the conditions set out below, (ii) any additional or special terms and conditions that PRINT AUCTIONS may impose (whether in the form of notices displayed at the premises at which any auction is conducted or announced by the auctioneer prior to or during any auction and whether in respect of any specific lot or in general), and (iii) such other terms and conditions as may be set out in any relevant catalogue (collectively the “general conditions of business”).
In these general conditions of business, head notes are for convenience only and shall not be used in their interpretation, any expression which denotes any gender shall include the other genders, any expression which denotes the singular shall include the plural (and vice versa), any expression which denotes a natural person shall include a juristic person (and vice versa) and the following terms shall have the following meanings:
1.1 “auction” means any private treaty or auction sale at which a lot is offered for sale by PRINT AUCTIONS
1.2 “auctioneer” means the representative of PRINT AUCTIONS conducting an auction
1.3 “bidder” means any person making, attempting or considering to make a bid or offer to buy a lot at an auction, including the buyer of that lot
1.4 “buyer” means the bidder who makes the bid or offer for any lot that is finally accepted by the auctioneer at a sale of that lot, and (where the buyer is an agent acting for a principal), the buyer and the buyer’s principal jointly and severally
1.5 “buyer’s premium/commission” means the premium payable by the buyer of a lot to PRINT AUCTIONS on the sale of that lot, calculated on the hammer price of that lot at the relevant current rates
1.6 “catalogue” means any advertisement, brochure, estimate, price-list and other publication (in whatever medium, electronically or otherwise) published by PRINT AUCTIONS in respect of any auction
1.7 “current rates” means PRINT AUCTIONS current rates of commissions, premiums and other amounts payable to PRINT AUCTIONS for the time being, together with VAT thereon, all as published by PRINT AUCTIONS (whether in a catalogue or otherwise) or as agreed between a prospective buyer or seller and PRINT AUCTIONS
1.8 “hammer price” means the bid or offer made by the buyer for any lot that is finally accepted by the auctioneer at a sale of that lot, together with VAT thereon
1.9 “lot” means any item or items to be offered for sale by PRINT AUCTIONS at an auction
1.10 “private treaty” means the sale of any lot other than by auction sale at a price privately agreed on by the buyer and seller
1.11 “purchase price” means the hammer price of any lot at a sale thereof, plus the applicable buyer’s premium for that lot, plus all recoverable expenses for which the buyer is liable in respect of the lot
1.12 “recoverable expenses” includes all fees, taxes (including VAT), charges and expenses incurred by PRINT AUCTIONS in relation to any lot that PRINT AUCTIONS is entitled to recover from a buyer or seller
1.13 “reserve” means the confidential minimum hammer price (if any) at which a lot may be sold at an auction as agreed between the seller of that lot and PRINT AUCTIONS in writing
1.14 “seller” means the person named as the seller of any lot, being the person that offers the lot for sale
1.15 “seller’s commission” means the commission payable by the seller to PRINT AUCTIONS on the sale of a lot that is calculated on the hammer price of that lot at the relevant current rate; and
1.16 “VAT” means value added tax levied in terms of the Value Added Tax Act, 1991
2. BUYERS CONDITIONS
2.1 THE BUYER
2.1.1 Any dispute of whatever nature about any bid or about the identity of the buyer shall be determined at the auctioneer’s absolute discretion.
2.1.2 Every bidder shall be deemed to act as principal unless, prior to the commencement of any auction, PRINT AUCTIONS provides a written acknowledgement that a particular bidder is acting on behalf of a third party.
2.1.3 All bidders wishing to make bids or offers in respect of any lot must complete a registration form prior to that lot being offered for sale, which registration form will include an acknowledgement by the bidder that he is acquainted with and bound by these general conditions of business. Bidders shall be personally liable for their bids and offers made during any auction and shall be jointly and severally liable with their principals if acting as an agent.
2.1.4 Bidders are advised to attend any auction at which a lot is to be sold by auction sale, but PRINT AUCTIONS will endeavor to execute absentee written bids and/or telephone bids, provided they are, in PRINT AUCTIONS absolute discretion, received in sufficient time and in legible form. When bids are placed by telephone before an auction they are accepted at the sender’s risk and must, if so requested by PRINT AUCTIONS , be confirmed in writing to PRINT AUCTIONS before commencement of the auction. Persons wishing to bid by telephone during the course of an auction must make proper arrangement with PRINT AUCTIONS in connection with such telephone bids at least 24 hours before the commencement of the auction. As telephone bids cannot be entirely free from risk of communication breakdown, PRINT AUCTIONS will not be responsible for losses arising from missed bids. Telephone bidding may be recorded and all bidders consent to such recording.
2.2 EXAMINATION OF LOTS
2.2.1 It is the responsibility of all prospective buyers to examine and satisfy themselves as to the condition of each lot prior to the auction, and that the lot matches any oral or written description provided by the seller and/or PRINT AUCTIONS . All illustrations of a lot in any catalogue are intended merely as guidance for bidders and do not provide definite information as to colours, patterns or damage to any lot.
2.2.2 PRINT AUCTIONS shall not be liable for any error, misstatement or omission in the description of a lot (whether in any catalogue or otherwise), unless PRINT AUCTIONS , its employees or agents, engaged in intentional misleading or deceptive conduct.
2.2.3 In bidding for any lot, all bidders confirm that they have not been induced to make any bid or offer by any representation of the seller of PRINT AUCTIONS .
2.3 EXCLUSIONS AND LIMITATIONS OF LIABILITY TO BUYERS
2.3.1 If a lot sold to a buyer proves to be a forgery (which will only be the case if an expert appointed by PRINT AUCTIONS for such purpose confirms the same in writing), the buyer may (as his sole remedy hereunder or at law) return the lot to PRINT AUCTIONS within ten days of the date of the sale of that lot in the same condition in which it was as at the date of sale, together with a written statement by the buyer detailing the defects to the lot, the date of the sale and the number of the lot. Should PRINT AUCTIONS be satisfied in its absolute discretion that the lot is a forgery and that the buyer is capable of transferring good and marketable title to the lot to a third party purchaser thereof, free from any encumbrances and other third party claims, the sale of that lot shall be set aside and the hammer price of that lot shall be refunded to the buyer, provided that the buyer shall have no rights against PRINT AUCTIONS .
2.3.2 Neither PRINT AUCTIONS nor the seller:
184.108.40.206 shall be liable for any omissions, errors or misrepresentations in any information (whether written or otherwise and whether provided in a catalogue or otherwise) provided to bidders, or for any acts or omissions in connection with the conduct of any auction of for any matter relating to the sale of any lot, including when caused by the negligence of the seller, PRINT AUCTIONS , their respective employees and/or agents;
220.127.116.11 Gives any guarantee or warranty to bidder other than those expressly set out in these general conditions of business (if any) and any implied conditions, guarantees and warranties are excluded. PRINT AUCTIONS do not guarantee or give any warranty to the working of clocks and wristwatches.
2.3.3 A purchased lot shall be at the buyer’s risk in all respects from the fall of the auctioneer’s hammer, whether or not payment has been made, and neither PRINT AUCTIONS nor the seller shall thereafter be liable for, and the buyer indemnifies PRINT AUCTIONS against, any loss or damage of any kind, including when caused by the negligence of PRINT AUCTIONS and/or its employees or agents.
2.3.4 All buyers are advised to arrange for their own insurance cover for purchased lots effective from the day after the date of sale for purposes of protecting their interests as PRINT AUCTIONS cannot warrant that the seller has insured its interests in the lot or that PRINT AUCTIONS insurance cover will extend to all risks.
2.3.5 PRINT AUCTIONS does not accept any responsibility for lots damaged by insect infection, changes in atmospheric conditions or other conditions outside its control, and shall not be liable for damage to glass or picture frames.
2.4 CONDUCT OF THE AUCTION
2.4.1 The auctioneer has the absolute discretion to withdraw or re-offer lots for sale, to accept and refuse bids and/or to re-open the bidding on any lots should he believe there may be a dispute of whatever nature or error of whatever nature, and my further take such other action as he in his absolute discretion deems necessary or appropriate. The auctioneer shall commence and advance the bidding or offers for any lot in such increments as he considers appropriate.
2.4.2 The auctioneer shall be entitled to place bids on any lot on the seller’s behalf up to the reserve, where
2.4.3 The contract between the buyer and the seller of any lot shall be deemed to be concluded on the striking of the auctioneer’s hammer at the hammer price finally accepted by the auctioneer (after determination of any dispute that may exist). PRINT AUCTIONS is not a party to the contract of sale and shall not be liable for any breach of that contract by either the seller or the buyer.
2.5 PAYMENT AND COLLECTION
2.5.1 A buyer’s premium, calculated at the applicable current rate of the hammer price, shall be payable by the buyer to PRINT AUCTIONS in respect of the sale of each lot. The buyer acknowledges that PRINT AUCTIONS , when acting as agent for the seller of any lot, may also receive a seller’s commission and/or other fees for or in respect of that lot.
2.5.2 The buyer shall pay PRINT AUCTIONS the purchase price immediately after a lot is sold and shall provide PRINT AUCTIONS with details of his name and address and, if so requested, proof of identity and any other information that PRINT AUCTIONS may require.
2.5.3 Unless otherwise agreed in advance, the buyer shall make full payment of all amounts due by the buyer to PRINT AUCTIONS on the date of sale (or on such other date as PRINT AUCTIONS and the buyer may agree upon in writing) in cash, electronic funds transfer, credit card or such other payment method as PRINT AUCTIONS may be willing to accept.
2.5.4 Ownership in a lot shall not pass to the buyer thereof until PRINT AUCTIONS has received settlement of the full purchase price of that lot in cleared funds, PRINT AUCTIONS shall not release a lot to the buyer prior to full payment thereof. However, should PRINT AUCTIONS agree to release a lot to the buyer prior to payment of the purchase price in full ownership of such lot shall not pass to the buyer, nor shall the buyer’s obligations to pay the purchase price be impacted, until such receipt by PRINT AUCTIONS of the
full purchase price in cleared funds.
2.5.5 The refusal of any approval, license, consent, permit or clearance as required by law shall not affect the buyer’s obligation to pay for the lot.
2.5.6 The buyer shall be an remain responsible for any removal, storage, or other charges for any lot and must at his own expense ensure that the lot purchased is removed immediately after the auction but not until payment of the total amount due to PRINT AUCTIONS . All risk of loss or damage to the purchased lot shall be borne by the buyer from the moment when the buyer’s bid is accepted by PRINT AUCTIONS in the manner referred to above. Neither PRINT AUCTIONS nor its servants or agents shall accordingly be responsible for any loss or damage of any kind, whether caused by negligence or otherwise, from date of the sale of the lot, whilst the lot is in their possession or control.
2.5.7 All packaging and handling of lots is at the buyer’s risk and expense, will have to be attended to by the buyer, and PRINT AUCTIONS shall not be liable for any acts or omissions of any packers or shippers.
2.5.8 If the sale of any lot is rescinded, set aside or cancelled by an action of the buyer, and PRINT AUCTIONS has accounted to the seller for the sale proceeds, the seller shall immediately refund the full sale proceeds to PRINT AUCTIONS , who will in turn refund the purchase price to the buyer.
2.6 REMEDIES FOR NON PAYMENT OR FAILURE TO COLLECT
Without prejudice to any rights that the seller may have if any lot is not paid for in full or removed in accordance with the conditions of 2.5 above, or if there is any other breach of these general conditions of business by the buyer, PRINT AUCTIONS as agent of the seller shall, at its absolute discretion and without limiting any other rights or remedies that may be available to it or the seller hereunder or at law, be entitled to exercise one or more of the following remedies:
2.6.1 To remove, store and insure the lot at its premises or elsewhere and at the buyer’s sole risk and expense;
2.6.2 To rescind the sale of that or any other lots sold to the buyer at the same or any other auction;
2.6.3 To reject future bids and offers on any lot from the buyer;
2.6.4 To proceed against the buyer for damages;
2.6.5 to resell the lot or cause it to be resold by public auction or private treaty, with estimates and reserves at PRINT AUCTIONS sole discretion, in which event the buyer shall be liable for any shortfall between the original purchase price and the amount received on the resale of the lot, including expenses incurred by PRINT AUCTIONS and the seller in such resale;
2.6.6 To retain that or any other lots sold to the buyer at the same time or at any other auction and to release such lots only after payment of the total amount due;
2.6.7 To disclose the buyer’s details to the seller to enable the seller to commence legal proceedings;
2.6.8 To commence legal proceedings;
2.6.9 To charge interest at a rate not exceeding the prime rate plus 3% per month on the total amount due to the extent that it remains unpaid after the date of the auction.
3. SELLERS CONDITIONS
3.1 PRINT AUCTIONS POWERS
3.1.1 The seller irrevocably instructs PRINT AUCTIONS to offer for sale at an auction all objects submitted for sale by the seller and received an accepted by PRINT AUCTIONS and to sell the same to the relevant buyer of the lot of which those objects form part, provided that the bid or offer accepted from that buyer is equal to or higher than the reserve (if any) on that lot (subject always to 3.1.3) all on the basis set out in these general conditions of business. The seller further irrevocably permits PRINT AUCTIONS to bid for
any lot of which any of those objects form part as agent for one or more intending buyers.
3.1.2 PRINT AUCTIONS are authorized to retain any objects not sold on auction for a period of seven days after the auction for the possible sale of such objects by PRINT AUCTIONS by way of private treaty or otherwise pursuant to 3.1.3.
3.1.3 The seller further irrevocably authorizes PRINT AUCTIONS to offer for sale whether by private treaty or otherwise, any without any further instruction or notification to the seller, within seven days after the auction, all or any remaining objects submitted for sale by the seller and received and accepted by PRINT AUCTIONS in accordance with 3.1.1, which objects were not sold on auction, provided that the bid or offer accepted from that buyer is equal to or higher than the amount that the seller would have received had that lot been sold on auction at the reserve on that lot taking into account the deduction of the applicable seller’s commission and recoverable expenses for which the seller is liable.
3.1.4 PRINT AUCTIONS and the auctioneer each has the right, at his absolute discretion, to offer an object referred to above for sale under a lot, to refuse any bid or offer, to divide any lot, to combine two or more lots, to withdraw any lot from an auction, to determine the description of lots (whether in any catalogue or otherwise), to store accepted objects at the auction premises or any other location as he may deem fit and whether or not to seek the opinion of experts.
3.1.5 PRINT AUCTIONS shall not be under any obligation to disclose the name of the buyer to the seller.
3.2 ESTIMATED SELLING RANGE AND DESCRIPTIONS
3.2.1 Any estimated selling range provided by PRINT AUCTIONS to the seller is a mere statement of opinion and should not be relied upon as a true reflection of the hammer price which a lot may achieve at an auction. PRINT AUCTIONS reserves the right to revise the estimated selling range at any time.
3.2.2 The seller acknowledges that PRINT AUCTIONS is entitled to rely on the accuracy of the description of a lot as provided by or on behalf of the seller.
3.2.3 PRINT AUCTIONS shall not be liable for any error, misstatement or omission in the description of a lot (whether in any catalogue or otherwise), unless PRINT AUCTIONS , its employees or agents, engaged in intentional misleading or deceptive conduct.
3.3 WARRANTIES OF THE SELLER
3.3.1 The seller warrants to PRINT AUCTIONS and the buyer that:
18.104.22.168 he is the true owner of all objects submitted for sale and/or is properly authorized by the true owner to do so, and that he is able to transfer good and marketable title to all such objects, free form any encumbrances and other third party claims, to the buyer of the lot of which those objects form part;
22.214.171.124 He has complied with all requirements, legal or otherwise, in relation to any export or import of the lot, if applicable, and has notified PRINT AUCTIONS in writing of any failure by third parties to comply with such requirements in the past;
126.96.36.199 The lot and any written provenance given by the seller are authentic;
188.8.131.52 The lot is fit for its purposes and safe if used for the purpose for which it was designed and is free from any defect not obvious on external inspection;
184.108.40.206 To the extent that the seller required any approval, license, consent, permit or clearance by law to be in possession of any lot or for the sale of any lot, he is in possession of a valid approval, license, consent, permit and clearance.
3.3.2 Notwithstanding any other provision of these general conditions of business, none of the seller, PRINT AUCTIONS , its servants or agents is responsible for errors of description or for the authenticity of any lot, and no warranty whatever is given by PRINT AUCTIONS , its servants or agents, or any seller to any buyer in respect of any lot (save insofar as the seller is concerned as set out in 3.3.1), and all express or implied conditions or warranties are hereby excluded.
3.3.3 The seller of any object forming part of a lot not held by PRINT AUCTIONS at the auction premises warrants and undertakes to PRINT AUCTIONS and the buyer that the relevant object will be available and in a deliverable state on demand to the buyer.
3.3.4 The seller agrees to indemnify and keep indemnified PRINT AUCTIONS and the buyer against any loss or damage suffered by either in consequence of any breach of any warranty in there general conditions of business.
3.4 COMMISSIONS AND EXPENSES
3.4.1 Sellers commission of 20%, shall be payable by the seller to PRINT AUCTIONS in respect of the sale of each lot comprising one or more objects submitted by the seller for sale. The seller acknowledges that PRINT AUCTIONS may also receive a buyer’s premium and other fees for or in respect of that lot. Without derogating from the seller’s obligation to pay the seller’s commission and any recoverable expenses for which the seller is liable, the seller irrevocably authorizes
PRINT AUCTIONS to deduct from the hammer price of any lot the seller’s commission and all such recoverable expenses for which the seller is liable.
3.4.2 PRINT AUCTIONS may deduct and retain the seller’s commission and the recoverable expenses for which the seller is liable from the amount paid by the buyer for the lot as soon as the purchase price, or part of it, is received and prior to the sale proceeds being paid to the seller.
3.5 THE RESERVE
3.5.1 All lots will be sold without reserve or minimum price unless a reserve has been placed on a lot, in which event such lot will be offered for sale subject to the reserve. A reserve shall only be placed on a lot if agreed in writing between the seller and PRINT AUCTIONS prior to the auction. A reserve, once placed on a lot, may not be changed by the seller without the prior written consent of PRINT AUCTIONS . Should PRINT AUCTIONS consent to an increase of the reserve on a lot, PRINT AUCTIONS reserve the right to
charge the seller an additional fee as the object may not be sold on auction as a result of the increased reserve.
3.5.2 Where a reserve has been placed on a lot, only the auctioneer may bid on behalf of the seller.
3.5.3 Where a reserve has been placed on a lot and the auctioneer is of the opinion that the seller or any person acting as agent of the seller may have bid on the lot, the auctioneer may knock down the lot to the seller without observing the reserve and the seller shall pay to PRINT AUCTIONS the buyer’s premium and all expense for which the buyer is liable in addition to the seller’s commission and all expenses for which the seller is liable.
3.5.4 Should no reserve have been placed on a lot, PRINT AUCTIONS shall not be liable if the purchase price of the lot is less than the estimate selling range.
3.6.1 Unless PRINT AUCTIONS and the seller have otherwise agreed in writing, PRINT AUCTIONS will insure all objects, with the exception of motor vehicles, consigned to it or put under its control for sale and may, at its discretion, insure property placed under its control for any other purpose for as long as such objects or property remain at PRINT AUCTIONS premises or in any other storage depot chosen by them.
3.6.2 If any payment is made to PRINT AUCTIONS under the said insurance, in the event of loss or damage to any object, PRINT AUCTIONS shall pay such amount to the seller after deduction of the seller’s commission and expenses incurred by them.
3.6.3 In the event the seller instructs PRINT AUCTIONS no to insure a lot or property submitted for sale, it shall at all times remain at the risk of the seller. In such an event, the seller undertakes to:
220.127.116.11 Indemnify PRINT AUCTIONS against all claims made or proceedings brought against them in respect of damage or loss to the lot of whatsoever nature and howsoever arising and in all circumstances, even when negligence is alleged or proved;
18.104.22.168 Reimburse PRINT AUCTIONS on demand for all costs, payments or expenses made or incurred in connection herewith. All payment made PRINT AUCTIONS in connection with such loss, damage, payments, costs or expenses shall be binding on the seller as conclusive evidence thereof that PRINT AUCTIONS was liable to make such payment;
22.214.171.124 Notify any insurer of the existence of the indemnity contained herein.
3.7 PAYMENTS FOR THE PROCEEDS OF SALE
3.7.1 PRINT AUCTIONS shall only be liable to remit the sale proceeds of a lot to the seller thereof on the later of thirty days after the date of the sale of that lot or seven days after the date on which the full purchase price for that lot has been received by PRINT AUCTIONS in cleared funds.
3.7.2 If the buyer of a lot fails to pay the total amount due to PRINT AUCTIONS within twenty one days after the date of sale of that lot, PRINT AUCTIONS shall give notice of this to the seller of that lot and shall request the seller’s written instructions as to the appropriate course of action to be followed. Should PRINT AUCTIONS deem it so appropriate, PRINT AUCTIONS will assist the seller to recover the total amount due from the buyer. Should no written instructions be forthcoming from the seller within seven
days after the request, the seller hereby authorizes PRINT AUCTIONS , at PRINT AUCTIONS absolute discretions but at the seller’s expense:
126.96.36.199 To agree terms for payment of the total outstanding amount;
188.8.131.52 To remove, store and insure the lot sold;
184.108.40.206 To settle any claim by or against the buyer on such terms as PRINT AUCTIONS in their absolute discretion deem fit;
220.127.116.11 To take such steps as PRINT AUCTIONS in their absolute discretion consider necessary to collect monies due to the seller from the buyer;
18.104.22.168 If necessary, to rescind the sale and refund any monies to the buyer;
3.7.3 Should PRINT AUCTIONS pay an amount equal to the sale proceeds to the seller before having received full payment of the purchase price from the buyer, ownership of the lot shall pass to PRINT AUCTIONS .
3.7.4 If the sale of any lot is rescinded, set aside or cancelled by an action of the buyer, and PRINT AUCTIONS has accounted to the seller for the sale proceeds, the seller shall immediately refund the full sale proceeds to PRINT AUCTIONS , who will in turn refund the purchase price to the buyer and make the lot available to the seller for collection. Any annulment, rescission, cancellation or nullification of the sale shall not affect the seller’s obligation to pay the commission to PRINT AUCTIONS and/or to reimburse any expenses
incurred by PRINT AUCTIONS .
3.8 WITHDRAWAL FEES
3.8.1 A seller may only withdraw a lot from being offered for sale by written notification to PRINT AUCTIONS .
3.8.2 Upon receipt of proper notification of withdrawal as envisaged above, PRINT AUCTIONS reserves the right to charge the full seller’s commission and buyer’s premium to the seller as a withdrawal fee, both calculated on the latest middle estimate of the selling price of the property withdrawn, together with VAT and all expenses incurred in relation to the property.
3.8.3 If a lot is withdrawn, the seller shall arrange for the collection and removal of the lot at the seller’s expense within three days after date of the withdrawal, provided the seller has paid the recoverable expenses and applicable withdrawal fee to PRINT AUCTIONS .
3.9 PHOTOGRAPHY AND ILLUSTRATION
PRINT AUCTIONS shall have the full and absolute right to illustrate, photograph or otherwise reproduce images of any lot submitted by the seller for sale, whether or not in conjunction with the sale, and to use such photographs and illustrations at any time and in their sole and absolute discretion. The copyright of all photographs taken and illustrations made of any lot by PRINT AUCTIONS shall be the sole and absolute property of PRINT AUCTIONS and PRINT AUCTIONS undertake to abide by all copyright applicable to any and all lots submitted for sale.
3.10 UNSOLD LOTS
3.10.1 PRINT AUCTIONS are authorized to retain any objects not sold on auction for a period of seven days after the auction and may proceed to sell any such unsold lot during this period, be it by way of private treaty or otherwise, without any further instruction or notification to the sell in terms of 3.1.
3.10.2 Where any lot remains unsold, PRINT AUCTIONS shall notify the seller accordingly and the seller shall collect the lot at the seller’s expense within seven days after the dispatch by PRINT AUCTIONS of a notice to the effect that the lot has not been sold.
3.10.3 In these circumstances, the seller must make arrangements either to re-offer the lot for sale or to collect and pay all recoverable expenses and other amounts for which the seller is liable.
3.10.4 Should the seller fail to collect the lot within seven days of notification, the seller shall in addition be responsible for all removal, storage and insurance expenses.
3.10.5 Should the seller fail to collect the lot within three months of date of the notification referred to above, PRINT AUCTIONS shall be authorized to sell the lot by private treaty or public auction, on such terms and conditions as they think fit, without reserve and to deduct from the hammer price all sums owing to PRINT AUCTIONS , including (without limitation) storage, removal, insurance expenses, the expenses of both auctions, reduced commission in respect of the auction as well as commission on the sale and all other reasonable expenses, prior to remitting the balance to the seller or, in the event he cannot be located, placing it into a bank account in the name of PRINT AUCTIONS for and on behalf of the seller.
3.10.6 PRINT AUCTIONS reserves the right to charge commission in accordance with the current rates on the bought in price and expenses in respect of any unsold lots.
CITES PERMITS, IMPORT, EXPORT, COPYRIGHT RESTRICTIONS & LICENCES
PRINT AUCTIONS cc suggests that buyers check with their own government regarding wildlife import requirements prior to placing a bid. It is the Buyer’s cole responsibility to identify and obtain any necessary export, import, endangered species or other permit for the lot.