Terms of Sale - E-Auction I, Arcas Numismatics Ltd
1. The following Terms of Sale apply to Bidders of all Auctions held by Arcas Numismatics Ltd. By making a Bid, the Bidder agrees to these Terms of Sale and accepts to be bound by them.
ESTIMATES
2. All estimates for Lots are in pounds sterling (£). Any other currency displayed against a Lot is indicative only for the convenience of the Bidder and does not constitute an offer by Arcas Numismatics Ltd to pay in any other currency.
DESCRIPTIONS
3. The details of any Lot(s), including a description of each item is contained in the catalogue published on biddr.com.
4. All grades, descriptions and rarity information are the opinion of the cataloguer. Conditions of all Lot(s) are as they appear in the photographs displayed. Condition reports are available upon request.
5. Bidders are encouraged to contact us via mail (contact@arcasnumismatics.com) or via phone (+44 783-035-9014) for detailed videos or pictures of a specific lot they are interested in. Arcas Numismatics Ltd makes no guarantee as to the physical quality or condition of any Lot(s).
AUTHENTICITY
6. Arcas Numismatics Ltd guarantees the absolute authenticity of all Lots Sold. There is no expiration to this guarantee.
BIDDING
7. Unless otherwise determined, opening Bids will be 50% of the estimate unless there are existing higher Bids.
Exception is made for lots 146 to 153, whose opening bids are at 33% of their estimate.
8. A Bid, once placed, is final. A Bid cannot be revoked.
9.A Bid is placed:
9.1. Online, through the Biddr auction platform (biddr.com).
9.2. In the case of an Absentee (mail or phone) Bid, when a Bid is received by Arcas Numismatics Ltd no later than one hour before the commencement of an Auction at which the Lot is due to be auctioned. Bids received after this point are not guaranteed to be accepted, but when accepted and executed the Bidder is subject to the same terms above.
10. If your Bid is successful you will become the Buyer of that particular Lot and be liable to pay the Hammer Price, plus those applicable charges and fees set out in the “Charges & Payment” section in these Terms of Sale.
11. Arcas Numismatics Ltd shall have absolute discretion to accept or decline any Bid, withdraw Lots from sale or re-open Bidding for any Lot at any time, whether before or after a Lot is Sold, until such time as the Buyer takes physical possession of the Lot, in circumstances which may include, but are not limited to (1) a bidding error has occurred (2) Arcas Numismatics Ltd becomes aware of a dispute in relation to the Lot, Sale or Auction (3) Arcas Numismatics Ltd has not received payment for the Lot.
12. For the protection of Absentee Bids, no ‘unlimited’ or ‘buy’ Bids will be accepted by Arcas Numismatics Ltd.
13. When identical Bids are received for the same Lot, preference will be given to the Bid received first.
14. Some Lots may carry a Reserve. Arcas Numismatics Ltd reserves the right not to sell a Lot below the Reserve, or will repurchase the item on behalf of the consignor or for the account of Arcas Numismatics Ltd. If a Reserve exists Arcas Numismatics Ltd reserves the right to Bid on any Lot on behalf of the consignor up to the amount of the Reserve against any other Bidders.
CHARGES & PAYMENT
15. Buyer’s Fee equivalent to 16% of the Hammer Price will be added to the Hammer Price and payable by the Buyer to Arcas Numismatics Ltd in accordance with these Terms of Sale:
16. VAT at the applicable rate (applicable to customers within the UK) is due on the Buyer’s Fee only, not the Hammer Price.
17. Invoices are due immediately upon receipt by the Buyer. Arcas Numismatics Ltd reserves the right to charge interest on invoices that remain unpaid for 1 calendar month after the date they become due at the rate of 2% per calendar month, except where prior agreement has been made with regards to payment.
18. The Buyer is responsible for paying all bank charges and any shipping and insurance costs.
19. Invoices are sent to Buyers by email.
DELIVERY, COLLECTION & STORAGE
20. Buyers will arrange with Arcas Numismatics Ltd to send or deliver the Lot to the Buyer’s nominated address by post, courier or such other method as agreed with Arcas Numismatics Ltd.
21. Buyers shall at all times be liable for any costs or expenses incurred by Arcas Numismatics Ltd associated with the Buyer’s nominated delivery method. Arcas Numismatics Ltd standard delivery costs are set out as follow:
Order value | Europe | Rest of the world
£1 - £500 | 15 | 21,50
£501 - £2000 | 29 | 32
£2001 + | 32 | 63,50
22. Arcas Numismatics Ltd shall store any Lot following sale until shipment to the Buyer without charge.
RISK & TITLE
23. Risk in the Lot passes to the Buyer when the Buyer takes physical possession of the Lot.
24. Title remains with the owner until such time as all sums owed to Arcas Numismatics Ltd, by the Buyer, have been received by Arcas Numismatics Ltd as cleared funds into Arcas Numismatics Ltd’s bank account.
IMPORT/EXPORT RESTRICTIONS
25. Any Lot that is Sold that is subject to United States of America (US) or German import restrictions must be legally imported into the US or Germany.
26. Our commitment to ethical and responsible provenance ensures that the Seller affirms each Lot is their lawful property to sell, and where cultural property restrictions may exist, that it meets the requirements to be legally imported into the US and/or Germany.
27. Arcas Numismatics Ltd will endeavour to carry out importations on behalf of the Buyer to enable shipment of that Lot to the Buyer’s nominated location but the Buyer is ultimately responsible for ensuring compliance with import regulations and procedures. However, any Buyer, whether based in the US, Germany or elsewhere, who purchases a Lot that cannot be lawfully imported into either the US or Germany, with the intention that the Lot is sent to either of those jurisdictions, shall be deemed to purchase the Lot and will be liable to pay all fees, charges and cost that become due when Knocked Down.
28. Arcas Numismatics Ltd will not, and will not be compelled to, under any circumstances accept instructions from any person, make arrangements or be required to forward or send any Lot that cannot be lawfully imported to any jurisdiction to that jurisdiction.
29. Arcas Numismatics Ltd undertakes to obtain export licences for those Lots that require them.
RETURNS
30. If a Buyer suspects a Lot is not authentic they must notify Arcas Numismatics Ltd as soon as possible. Rejection by any third party grading service for any reason will not by itself constitute grounds for return of the Lot(s). The Buyer must support any claim of non-authenticity by valid technical evidence provided by at least 2 (two) separate qualified firms or individuals. A Lot may only be returned to Arcas Numismatics Ltd if it is agreed to be not authentic by Arcas Numismatics Ltd.
31. A Lot may be returned to Arcas Numismatics Ltd within 21 (twenty one) days of the Sale Date if it is materially different from its description.
32. In circumstances where a Lot is returned by a Buyer pursuant to clause 29 or 30 and Arcas Numismatics Ltd agrees to a refund, the amount to be refunded to the Buyer shall be (1) the Hammer Price and (2) the Buyer’s Fee. In all other cases, Arcas Numismatics Ltd is not liable to refund or pay a Buyer for any fees or costs associated with returning a Lot to Arcas Numismatics Ltd or the refund of any shipping charges or external or 3rd party costs.
33. All refunds will be made in Pounds Sterling (£) unless otherwise agreed. Arcas Numismatics Ltd is not liable for any exchange rate differences.
FAILURE TO PAY
34. Arcas Numismatics Ltd is under no obligation to release a Lot to a Buyer until such time as the Buyer has paid Arcas Numismatics Ltd. All sums that are due or which may become due as set out in this present Terms of Sale.
35. Lots will be held by Arcas Numismatics Ltd for a period of 3 calendar months from the date the Lot is Knocked Down unless otherwise agreed. After 3 (three) calendar months Arcas Numismatics Ltd shall be entitled to cancel the Sale and re-auction the Lot in accordance with clause 11.
LIMITATION ON LIABILITY
36. Arcas Numismatics Ltd shall not be liable to you for any loss of profits, loss of sales or business, loss of agreement or contracts, loss of anticipated savings, loss of or damage to goodwill or indirect or consequential loss.
37. Our liability to you is capped at the amount you have paid to us in respect of a Lot.
38. Arcas Numismatics Ltd does not exclude or limit in any way its liability to you where it would be unlawful.
GENERAL
39. These Terms of sale and any document produced by Arcas Numismatics Ltd or otherwise mentioned herein constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
40. We may amend these Terms of sale from time to time.
41. Nobody else has any rights under these Terms of sale.
42. If any provision or part-provision of these Terms of Sale is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of these Terms and Conditions.
PAYMENT METHODS
Via Bank transfer :
Inside the UK
Arcas Numismatics Ltd
Sort code : 23-14-70
Account number : 86589768
IBAN : GB38 TRWI 2314 7086 5897 68
Wise, 56 Shoreditch High Street, London, E1 6JJ, United Kingdom
Outside the UK
Arcas Numismatics Ltd
SWIFT/BIC : TRWIGB2L
IBAN : GB38 TRWI 2314 7086 5897 68
Wise, 56 Shoreditch High Street, London, E1 6JJ, United Kingdom
Via Paypal :
Within the EU = +3,5%
Outside the EU = +4,3%