TERMS AND
CONDITIONS OF SALE
1. Though all description and commentary are believed to be correct, neither Auctioneer nor Consignor makes any warranties or representations of any kind with respect to merchandise with the exception of the catalog description which shall be honored with respect to age and origin and only to the extent that any such errors in the catalog description materially affect the value of such item. Condition reports are made to the best of our ability, but are not guaranteed. Buyer must rely on his own inspection or send an agent to inspect on his behalf. Buyer shall not rely on the Auctioneer, employees, or advertisements in any part, and must rely only on the catalog description and his own inspection and opinions of all items. The absence of a condition report does not imply that an item is in good condition. No employee is authorized to make any warranties, expressed or implied, on behalf of Fairfield Auction.
Description reflects our best opinion. Any and all claims made to Fairfield Auction or consignor regarding age, authenticity, origin must be made within 15 days of the auction date in writing. Age is always approximate. No other claims are made or should be infered. Buyers agree that under no circumstances will Fairfield Auction be responsible above the selling price or low estimate- whichever is lower. Claims must be made against the final catalog as revised by any addendum or auctioneer announcements. Claims may not be made against advertisements, website descriptions, or the preliminary catalog offered on our website. Items described as "possibly", "probably" or "attributed to" are not guaranteed, but represent our best opinion. No guarantees are made as to condition.
2. The Auctioneer is acting as agent only and is not responsible for acts of its
principals. If any dispute arises, the Auctioneer's word is final.
3. Where the Consignor is indebted to or has a monetary guarantee from Fairfield
Auction, and in certain other instances, Auctioneer may have an interest in the offered
lots and the proceeds there from other than its commissions, and may bid therefore to
protect its own interests. Auctioneer reserves the right to withdraw any lots from the
sale or cancel a sale at the Auctioneer's discretion. The Auctioneer reserves the right to
reject any bid or eject any person from the premises.
5. Loading is the responsibility of the buyer. Fairfield Auction may offer assistance, Fairfield Auction and its employees shall not be held liable for any damages or accidents that may result from handling, lifting, moving, loading and packing of purchases.
PAYMENT
(absentee and phone bidders)
6a. Payment terms for invoices $2,500 and under are approved check, money order or cashiers check. For invoices above $2,500, we require payment by bank wire transfer. In either case payment must be paid in full within 5 business days of sale, otherwise Auctioneer may resell merchandise at public or private sale and retain 20% deposit as liquidated damages. Bidder agrees to have earnest money deposit charged to credit card. Auctioneer may, at his discretion, hold purchases until check clears.
PAYMENT (for bidders in house)
6b. Same as above except cash, Visa and MasterCard are accepted and payment is due in full on auction day.
7. A buyer' premium of 20% is added to the price knocked down by the Auctioneer. If you
are the successful bidder on a lot at $100, your invoice will include a buyer's premium of
$20 for a total of $120. Sales taxes are applied to all purchases unless a valid
resale number is on file.
ABSENTEE / PHONE BIDS
8. Absentee bids are accepted. Phone bids are accepted at the Auctioneer's
discretion. Fairfield Auction shall not be held responsible or liable for bids that are
missed or otherwise not executed.
9. Bidders not present are required to register for phone/absentee bidding no later than
3pm the day prior to the auction. Phone bidders will be called from the auction
house. No incoming calls are taken for phone bids or condition reports the day of
auction. As each item is sold the phone bidders agent will announce the bid price. Failure
to immediately object constitutes acknowledgement of the purchase at the announced
price. Phone bidders should confirm the hammer price after any successful bid.
STORAGE
10. Removal shall be at the expense, liability and risk of the purchaser. All arrangements for removal must be at convenience of Fairfield Auction. We can suggest names and phone numbers of appropriate firms to assist with delivery. If arrangements can't be made within 20 days of sale, items may be removed and stored at the expense and risk of the buyer. After 20 days, a storage fee of $50 per lot plus $5 per day thereafter shall be charged. After 90 days, items shall be deemed abandoned. Auctioneer shall apply any deposit or payment to loss, damages, and expenses incurred in the storage and resale of goods not paid for in full or removed in the time specified and shall retain any balance as liquidated damages. All items sold AS IS, WHERE IS. ALL SALES FINAL.
INSTRUCTIONS FOR BANK WIRE TRANSFERS
Invoices over $2,500 may be paid by bank wire transfer. Buyers may call our offices
to make arrangements for wire transfer payments.
|