Terms of Sale

1. The auction is open to the public and participation is
voluntary. Unless otherwise stated there will be more
than one consignor.

2. The auctioned items are sold in the condition as de-
scribed and shown prior to the auction. Bidders have

the opportunity to appraise and inspect the items before
the auction. Consequently complaints about the items
will not be acknowledged. This restriction on complaints
also applies to advance written and telephone bids.

3. The duty of the auctioneer is to show reasonable care
in describing the objects. Every item is to be assumed
genuine and authentic unless otherwise stated.

4. All bids are binding. Bidders must be of legal capacity,
i.e. at least 18 years old.

5. Prebids must be delivered in writing to the auctioneer
in due time before the auction or the onlinebidding is
closed.

6. While the auction is to be conducted carefully, the
auctioneer is not responsible for possible mistakes or
misunderstandings on the part of the buyer.

7. The auctioneer alone may refuse to accept bids from
a person unknown to him and/or bids given without
reference to someone known to the auctioneer. Foreign
customers must register at least 24 hours prior to the
auction.

8. The auctioneer alone has the authority to decide if
persons may participate in the auction. He may also
withdraw, rearrange or divide items. In the case of
disagreement during the auction, the auctioneer may
restart bidding or may decide which of the bids to be
accepted.
9. Agents bidding on behalf of others are completely
responsible for payment of a bid. Of that reason the
auctioneer can hold both the bidder and third part
principals responsible for payment.

10. All bids are given in Norwegian kroner and sold to
the highest bidder. In case of identical bids, the first
received written bid takes priority. A prebid is reduced
to the first step above the second highest bid. For exam-
ple: Starting price 900,- and three prebids, kr. 1.000,-
kr. 1.200,- and kr. 1.800,-. The bidding will start at kr.
1.250,- and this will be the hammer price unless the
room is bidding against.

11. Graded coins/banknotes. We do not give any war-
ranty for the authenticity or defects on graded coins in
slabs or other plastic holders from grading companies.
Damages from traces of mounting or filing etc that are
covered by the plastic container will not be accepted
as reasons for complains from the buyer.

12. The prices in the catalogue are minimum prices and
bids below will not be accepted. A fee of 20 % is added
to the hammer price of each item. Medals will have a
fee of 25 % added. Coins and banknotes that is or has
been legal tender are exempted from VAT. On other
items f.i. medals 25 % VAT is added on the fee when
delivered in Norway. Lots that are subjected to VAT is
marked with * by the lot number. If the purchased lots
are to be sent, the buyer must pay postage, insurance,
customs clearance and kr. 50,- in handling fee. All items
are sent on the buyers expense and risk. Items sendt to
countries outside Norden will be shipped with Bring
(Price Europe NOK 790,-, outside Europe NOK 990,-)

13. The sale is completed by the payment of cash, at the
latest 14 days after the auction or the invoice has been
sent. In the case of later payment 1% interest is charged
pr. started month. If payment has not been received 30
days after the auction, whether or not an invoice has
been received, the items may be sold at the buyers cost
and risk. The auctioneer alone decides how such a sale
is to be carried out. This sale may take place without
further notice to the original buyer who will be held
responsible for any economic loss due to lost commis-
sion or reduced sales price.

14. The risk of the items passes over to the buyer on ac-
ceptance of the bid. However property rights do not
pass over before paid in full.

15. If in spite of these regulations objections are raised
about the auctioneer and/or the consignor, this must
be raised within 14 days after the item has been deliv-
ered or sent. Objections can not be raised if the items
are not paid within 30 days after the auction. This also
applies regarding the authenticity of the items. Com-
plaints about the quality given on the items will not
be accepted as these are based on the exercise of best
judgement and each buyer has had the opportunity to
make their own desicision.

16. Oslo is accepted as the venue for settlement of all
disputes that may arise from the auction or these regu-
lations.

17. These regulations are incorporated into our catalogues
and all bidders are assumed to have read and accepted
these regulations.

18. Payments made about 4 weeks after the auction.

19. Payment in cash can not exceed NOK 39.999,- pr.
customer ref. laundry ยง 4 a.