Auction organiser
KCNS s.r.o., Domazlicka 3, 130 00 Praha 3, ICO: 02111039, organising auction on behalf of the owners of materials for sale according to Law No. 26/2000 Sb. About Public Auctions. Any person bidding is deemed to have agreed to these Terms and Conditions.

Members of the Auction
Members of the Auction can be domestic or foreign members of the public or representatives of companies. A person who fills in an Auction Application form becomes a bidder and will be given an appropriate bidder number. A person unknown to the Auctioneers could be asked to provide personal identification and a reference.

Auction procedure
A person interested in buying may place a bid in writing or over the phone, potential buyers in the place of auction will hold their number up. The bidder will be liable for any bid made by them even if by their mistake. The auction is made in Euro (EUR). Prices in the catalogue (in CZK) are reserve prices and cannot be lowered down. Maximum bid increments are printed in the table below. The auctioned object is sold to the highest bidder. If there is more than one written bid for the highest price, the object is sold to the first opened bid. The Auction proceeds by catalogue number unless stated otherwise by the auctioneer. In case of the mistake in the catalogue, the auctioneer will verbally correct the mistake and will auction off the object starting at an appropriate value. In the case of written bid for the same auctioned object, this cannot be accepted, only in a case when the bidder had noticed the mistake beforehand. All sales in the auction room are legally binding.

Auction increments table
to 50 EUR ..................... 1 EUR
to 100 EUR .................... 5 EUR
to 500 EUR ................... 10 EUR
to 1000 EUR ................... 25 EUR
to 2500 EUR ................... 50 EUR
to 10000 EUR ................... 100 EUR
from 10000 EUR ................. 250 EUR

Paying for the auctioned purchase
There is an additional 17 % fee payable on top of the final bid. The payment can be made in Czech Crowns (CZK) and other currencies according to the current exchange rates of Czech National Bank (CNB). Unless otherwise stated, all amounts due in the auction room are payable immediately in cash, except for written bids which shall be payable no later than 10 days from receiving the final statement. If the fees are unpaid after the agreed date a 1% surcharge on the overall sum will be made for every month they are overdue. The sold objects will only become the property of the bidder after all due payments have been received. In the event of payment not being made, the buyer will also be liable to pay for other expenses connected with legal proceedings against him to recover the debt. The postage and packaging is payable by the buyer, the auction house is not liable for any loss or damage to property after despatch.

Queries
In all coins, medals and other items, we guarantee the authenticity and accuracy of the text or description in the catalogue. People, who are bidding in the auction room and have a chance to view the auctioned materials, will not be able to raise queries later. If the successful bidder has a query about an item, it must be made on the same day. Genuine queries will be accepted. Multiple queries cannot be accepted. For written bids when the buyer is not happy with the item, query must be made within 3 days of receiving an item.

Closing conditions
Foreign members of Auction must respect current exchange rates, tax and customs laws of Czech republic and their own country. Any legal proceedings will be dealt with in Prague and under Czech law. The details of the Auction law can be found on the internet.