A bid with an added "plus" bid to the next increment would win the piece. "Plus" bids: Because of our structured bidding increments, it is possible that several people will leave identical bids. If there are two absentee bids for $400 and $600, the lot will sell for $425. (For example, a lot estimated at $500-$750, with no reserve, will normally open at $375. All unreserved bidding starts at 50% of the low estimate unless there are two or more competing absentee bids at a price higher than that. Please check and comply with these increments. We will buy all designated lots for you at the bidding increment just above where competition stops. All absentee bidding is handled as though you are in attendance. If you fax your absentee bids, please call us to confirm receipt. Absentee bids are requested no later than 6:00 p.m. Absentee Bids - We accept absentee bids by phone, when available, by mail, in person, or by fax. The auctioneer has the sole and exclusive power, discretion, and authority to regulate the bidding and its increments.Ħ. If you are successful and do not remit payment within thirty (30) days, the balance will be charged to your credit card together with such charges set forth in these terms of sale.ĥ. A letter from your bank, presented before the sale may also be accepted at our discretion, although we may retain your purchase(s) until the check clears. If paying by check, you must establish credit at least three (3) business days prior to the auction. If you are acting as another's agent or principal, we may request a letter of authorization. Qualifying to Bid: If you are not known to us, you may be asked to furnish identification, a valid credit card number, and possibly, credit references. Late Payment Charge: If payment is not received within thirty (30) days of sale, Fontaine's Auction Gallery, reserves the right to impose from the date of sale a late charge of 1 1/2% a month of the total purchase price and deny all future credit.Ĥ. We reserve the right to hold all goods paid for by check until payment has cleared. All payments must be paid in full within 7 days of the date of the invoice. Methods of Payment and Fees: Acceptable methods of payment are Cash, Personal Check, Certified Check, Wire Transfer and Credit Card (plus 3% transaction fee). Billing: All successful bidders will be sent invoices by mail on or before the Wednesday after the auction.ģ. No Massachusetts sales tax is charged for purchases shipped out of state by a licensed shipper with proper Bill of Lading. Valid resale certificates are the only accepted as proof of exemption from Massachusetts's sales tax by U.S. Taxes: Applicable taxes shall include Massachusetts sales tax (6.25%), use tax, excise tax, and other taxes or levies. Purchase Price: Upon the announcement by the auctioneer, the successful bidder becomes the purchaser and is responsible for the amount of the successful bid, the buyer's premium, applicable taxes, and other charges provided for in the Terms of Sale. A buyer's premium in the amount of 26% for online bidders (including 5% online fees) of the successful high bid will be added to the amount of the successful bid price for all lots purchased at auction. Buyer's Premium, Purchase Price, Taxes, and Billing Buyer's Premium: All bidding at auction and all purchases will be in U.S. We thank you for your understanding in this matter.Ģ. Please do not call prior to this time for results, as they will not be given out under any circumstances. Sales Results: Results will be available by on our website no earlier than 10:00 am on the Monday following the auction or as soon as Fontaine's Auction Gallery, Inc. retains all rights to copyright and other intellectual property contained in this catalog. By bidding at the auction the buyer and all bidders agree to be bound by these terms or those changed and supplemented, whether bidding in person, through a representative, by phone, by internet, or other absentee bid. Each lot in this catalog is offered for sale subject to the terms set out below, as changed or supplemented by provisions a) written in other places within these Terms of Sale, b) in written supplements to this Catalog or other materials prepared by us and c) as stated by the auctioneer or posted in writing at the auction, prior to a bid being accepted for a lot.
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