I. General Rules

1. Using Service
In order to use the service with Auction World, the user must agree with the Terms and Conditions. By using our service , the user is automatically considered to agree with the Terms and Conditions.

2.Authenticity Guarantee
All items exhibited on our auction are identified by us or third companies. We guarantee that all items are genuine unless there is no description of reference item, non-returnable, nor specific description.

3.Guarantee and Changes of Services
We do not guarantee that there is not any defects on the web site and services we provide. Also we may change or stop any contents and specifications of services without a notice.


II. Bidding

1.How to Bid
i. By Online: Register on our web site. You need to enter the customer information to join the auction.
ii. By E-mail: Send us E-mail with descriptions what you want and bid price. The bid is realized when we send back the confirmation mail.
iii. By FAX: Send us the Commission Bid Form with our paper-catalogue by FAX. The bid is realized when we have confirmed with the user.
iv. By Telephone: Contact us. Japanese 、 Chinese and English are available.
v. To avoid confusion, please choose one method from above.
vi. If there is equivalence bid, the first arrival is valid. In addition, any bid which is not following the bid increment will be truncated.

2. We will be contact the user for confirmation of the user information.
I. Online Auction
Price (Yen) Bid Increment
~ 10k 100
10k to lower than 50k 500
50k to lower than 100k 1000
100k to lower than 500k 2000
500k to lower than 1mil 5000
1mil to lower than 5mil 10k
5mil to lower than 10mil 50k
from 10mil 100k

ii. Live&Online Auction
Price (Yen) Bid Increment (Yen)
~ 20k 1000
20k ~ 100k 2000
100k ~ 200k 10000
200k ~ 1mil 20k
1mil ~ 2mil 100k
2mil ~ 10mil 200k
10 mil ~ 1mil

3. There is a case that bid is invalid by our decision.

4-1.Bid Increment
We have online auctions and online＆live auctions. The user can join any our auctions fromwww.auction-world.co.

4-2. On the online＆live auction, you can make a cut-bid (bidding for half increment) once for each lot. Cut-bid is also available to online participants by the live-bid screen on the website.


5. Bid Authority
Bid authority is the limitation of total amount for your bidding. The user will automatically gain the bid authority of1million yen.
If you want to bid over amount of your bid authority, you need to pay deposit. Your bid authority in this case is multiplied by 50 to the deposit. The unit of the deposit increment is 50k.
Example: Deposit 50k yen = 2.5mil Bid Authority
Deposit100k yen = 5mil Bid Authority
If you paid the deposit and you did not made the successful bid, the deposit will be refunded. The fees occurred in this process should be paid by the user. Please contact us if we and the user are acquainted with each other. You might gain more bid authority without deposit.

6. If there is a problem (exhibition cancelled, miss description, etc.) on the item, your bid might be invalid. When problems occurred on the auction, we have all rights of decision for solving problems.

7. Your bid cannot be cancelled without correct reason.

8. Make sure not to mistake setting price for your bid. Responsibility of the bid is belongs to the bidder and any misbid cannot be cancelled or changed.

9. Transaction Fee
When you made successful bid, the bidder pays 10% of the bid price for the transaction fee, and 8% of the fee for consumption tax.
Example:
Bid price … 10,000Yen
Successful bid commission … 1,000Yen
Tax …　80Yen
Total …　11,080Yen
In the case of delivery in Japan, 700Yen(Okinawa & Remote island 1,400Yen) will be charged additionally as per one parcel.
If it is necessary to ship out of Japan, the shipping fee will be borne by the bidder.

10. Payment
i. Please make all payment with JPY within14 days from the sale closed. Cost of money transfer and shipping expenses will be borne by the bidder.
ii. If the bidder do not make all payment regardless of the 14 days have passed, the qualification of joining· our auction might be cancelled.

iii. Payee Bank Account
Please transfer money to the following bank account (When you use bank transfer, except the fee when you transfer in your country, our bank will need your transfer fee of 4,000JPY. We accept JPY only).

BANK NAME : SUMITOMO MITSUI BANKINGCORPORATION
BRANCH : HAMAMATSUCHO BRANCH
BANK ADDRESS: 2-4-1 HAMAMATSUCHO MINATO-KUTOKYO JAPAN
BANK CODE :0009679
BANK PHONE :03-3436-2781
ACCOUNT NAME: AUCTION WORLD
ACCOUNTNUMBER : 7665507
ADDRESS :2F 1-27-8 HAMAMATSUCHO, MINATO-KU,TOKYO, JAPAN
SWIFT CODE :SMBCJPJT

Also, you can visit our office to pay and receive your goods. Please contact us.
※You can make your payment by PayPal too . If you use PayPal, you need to pay PayPal money transfer fee(4% of total amount) too.
11. Shipping
If we receive none of request, purchase goods will be shipped to the registered address. Shipping fee in Japan is 500yen uniformly. The shipping fee will be borne by the customer.
12. Please receive purchase goods earlier as possible. If the goods is not received within 30 days from the sale, you will be charged storage fee.

13. Return
We will accept returns only within 30 days from the sale, except in the case of the following.
i. The condition of the item has been significantly changed.
ii. The buyer previewed the item before bid.
iii. There is a description of non-returnable or special notes.
iv. Payment has not been made within 14days from the sale.
v. Mis bid.
vi. The slab case (PCGS, NGC, etc.) of the item has been broken.
vii. Returns without specific reason.
viii. The reason lacks legitimacy.

14. The description on each item is written for reference of participant and it does not guarantee evidence of the item’s price. Also images of each item do not guarantee the color, condition of the item. We are not responsible to the legal by the description of the catalogue . Please check items directly in the preview if it is possible, and join the auction at the participant’s own discretion and responsibility.

15. We, and the exhibitor are not responsible to damages, repairs and defects of items. We will not accept return by the reason of damages, repairs and defects even if it is in returnable period.


III. Exhibit

1. Overseas consignment
Basically, we accept consignment in Japan Only.
As for overseas consignment, we can only accept overseas consignment when the consigners follow Japanese law (including Japan customs’ law ) and pay for all the fee when consigners deliver the consignment (including delivery fee to our company and the consumption fee at the customs which is 8% of declared value and delivery fee).
※Our handling fee is 10.8%, but if the hammer fee is below 5,000Yen per lot, the handling fee will be 500 Yen per lot.
2. Reserved Price
i. If you want to set reserved price on a item, please fill the price field as we can tell.

ii. Reserved price includes the transaction fee.(If the item is sold for the reserved price of 100k yen, you will receive90k, deducting 10% fee.)

iii. If you set reserved price, 5% of there served price will be occurred for the unsuccessful bid fee. The least fee amount is 500 yen.

iv. We may start the sale from lower than the reserve price, however, even if the item has ended without reaching there served price, we will receive the unsuccessful bid fee.

v. If you fill the price field with description like “Start from” or “Asking Price”, it will considered as are served price.

vi. The unsuccessful-bid fee won’t be charged without setting reserve price.

3. The reserve price must be at least 1,000yen. If you are willing to sell items collectively, we will group them in specific lot at our decision.

4. The item will be published through the assessment. The item that is determined as unqualified will be excluded from the auction and send back the exhibitor. The shipping fee will be borne by the exhibitor.

5. The exhibition fee is the following.
Exhibition commission = Cost-free
Successful bid commission = 10% of the bid price (tax not included)

Example:
Bid price … 10,000yen
Successful bid commission … 1,000yen
Tax … 80yen
Total … 8,920yen

6. Liquidation
The payment to the exhibitor will be made after receiving payment from the bidder and passing the return period. In principle, it will be after 30 days from the auction. We will send you the price after deducting the commission fee and related expenses by the method desired by the exhibitor. The expenses will be borne by the exhibitor.

7. The shipping fee of unsuccessful bid item will be borne by the exhibitor.

IV. Others

1. Limitation of Service Usage
We may put limitations of service usage to who has been registered on www.auction-world.co, or who are over a certain age ,or who meets certain requirements through a procedure such as identification and so on. In addition, we refuse members of anti-social group (including who was in the past),and who abuse our service, and who annoy other users.

2. Registration
If you register on Auction World, you are responsible for 1.registering true and correct information, 2. keeping the information newest.

3. Responsibility of ID and Password
Once your ID is signed in with correct password, we will assume it as using by the customer him/herself, and we have aright to claim any fees and costs which is occurred on your account. So please make sure your account not to be used by others.

4. Compliance of Service
We will ban following acts, including preparing or inducing for those :
i. Illegal acts in Japan or your country.
ii. To post, send or publish that is against social norms or public order and morality, or that invades rights of other people.
iii. To post offensive programs which harm softwares or hardwares of others.
iv. To disturb or destroy our servers or network.
v. To disturb our service or advertisement which are provided on any media.
vi. To obtain or accumulate other users’ information without our permission.
vii. Incorrect acts against purposes of our services.
viii. To use accounts of other users.
ix. To obtain or publish ID or password of other users.
x. Regardless of whether directly or indirectly, to give benefits to anti social groups.

5. Abusing the Service
If we believe that you use our service or datas beyond the purpose of providing, we have a right to forbid it and to claim the equivalent you obtained for it.

6. Compensation
If any fees or costs, or compensations is occurred with objections due to the user, It (including attorney’s fee) will be borne by the user.

7. We will not be responsible to back up datas or contents on the server. If maintenance or improvement of the system is necessary, we may copy data of users on the server to the extent necessary.

8. Advertisement
We may place advertisement of Auction World or third party on any our contents.


9. Contact
If you are going to contact with us, you may use the specified query page or e-mail address. In principle we will answer queries only by e-mail.


10. Prohibition of transfer rights and obligations
You cannot transfer your rights and obligations which are occurred with the contract under the Terms and Condition to other persons without the written permission.

11. Governing Law and Jurisdiction
Establishment, effectiveness and interpretation of this Terms and Condition are governed by the laws of Japan.Also, in the case that dispute arises between the user and us, the Tokyo District Court will be the jurisdiction.


12. Restriction of Term
If description of this Terms and Conditions is against laws applied on the user by the contract, relevant parts will not be applied to the user. However, the other terms are still valid.

(Implement in 24 Sept ,2016)
(Implement in 1 June ,2015)
(Revised in 27 April, 2016)
(Revised in 2th Dec, 2016 )