Conditions of Sale
TERMS
Sales are subject to the following terms and conditions of sale: Bidding is available by live in-house bidding, absentee, and telephone. There is an 18% buyer's premium, and live internet bidding is available on Invaluable.com with a 21% buyer's premium. Payment is due at the end of the auction by cash, certified funds, approved check, Paypal, Visa, Master Card, American Express, or Discover. North Carolina sales tax is 7.5%.
CONDITIONS
L.L.A.E.S., Ltd. has endeavored to accurately describe the items being sold, but all property offered for sale is strictly "as - is" "where - is" with all faults. All sales are final and no refunds are given. The sales records and recordings shall be conclusive. It is the bidder's responsibility to determine the exact condition/authenticity of each item. No statement in this catalogue or by representatives of L.L.A.E.S., Ltd. shall be considered as a warranty or assumption of liability. Written and oral descriptions given by L.L.A.E.S., Ltd. staff members are given as a courtesy to a client, are only an opinion, and should not be considered as a guarantee of age, composition, or authenticity. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear and tear or imperfections. By bidding, you signify that you have either closely examined the items, have chosen not to examine them, or have hired an independent agent to examine the item(s) for you. Condition reports are available via the online catalog or by contacting the LLAES, Ltd. office.
AUCTIONEER
Leland J. Little, NCAL#6139; NCFL#7452. The auctioneer always reserves the right to withdraw a lot for any reason he deems appropriate, including any lots that may have a reserve, or if there is a lack of bidding interest or lack of appropriate bids. L.L.A.E.S., Ltd. shall have the right to withdraw any item at any time for any reason and to default any sale in the event of an error or dispute.
ABSENTEE AND TELEPHONE BIDS
Arrangements for absentee or phone bidding can be made by completing and submitting the Absentee Bid Form by 5:00 pm the day prior to sale day. This form can be obtained on the website WWW.LLAUCTIONS.COM or by fax - 919-644-1245. No additional phone bids can be accepted on the day of the auction including additions when speaking with a staff person on the phone. Phone reservation contact numbers cannot be changed after 5:00 pm the day prior to sale day. All bids must be secured with a credit card number. All absentee bids will be executed in a fair, competitive and confidential manner. While every effort is made to execute and honor absentee and phone bids, L.L.A.E.S., Ltd. is not responsible for failure to execute a bid and is not liable for any losses incurred as a result of failure to execute absentee bids or failed phone reservations. All bids are time stamped. In case of identical bids, the first bid received will take precedence. Where appropriate, written bids will be rounded down to the nearest amount consistent with the auctioneer's bidding increments. NOTE: It is the bidder's responsibility to accurately record Lot Number and Bid Amount or Telephone number on any Absentee or On-Line bid form. L.L.A.E.S., Ltd. assumes no responsibility or liability in the event a bidder fails to do so. Leaving an absentee or telephone bid indicates the bidder is willing to open the bidding at one half the low estimate of the lot. Bids cannot be submitted, altered, or cancelled via voicemail.
INVALUABLE.COM BIDS
Live internet bidding is available during the auction. Current bids on the internet will be executed on your behalf during the auction by www.Invaluable.com. However, L.L.A.E.S., Ltd. cannot be held liable for live internet bids that are not sent, received, or executed by the administrator. If you are bidding live, real-time on-line, please bid quickly because there is a time delay in receiving live bids.
ESTIMATED WEIGHTS AND MEASUREMENTS
Weights in catalogue description have been estimated through measurement and are to be used as approximate guidelines and not relied on as exact. Jewelry: Unless otherwise stated, all stones have been measured and graded in their settings. Metal weight given for jewelry includes stones unless stated otherwise. Buyers should be reminded that many colored gemstones have historically been treated to enhance their appearance. Lab reports will be referenced in catalogue descriptions.
CLOCKS AND WATCHES
No warrantee that any clock or watch is in working order is given. Virtually all clocks and watches have been repaired in the course of their lifetime and may include parts not original to them. There is no guarantee to works or movement. Unless otherwise stated, weight includes works.
OWNERSHIP
Item ownership is conveyed immediately following the fall of the auctioneer's hammer. While we try to handle and store all items with great care, L.L.A.E.S., Ltd. will have no liability for any loss or damage to an item after the hammer has fallen.
PAYMENT
All items purchased in person must be paid for on sale day. All items purchased via absentee or phone bid must be paid for within five business days of sale date. If a buyer fails to contact L.L.A.E.S., Ltd. within 5 business days following the sale, the credit card used to secure the bid will be charged the amount of the invoice. For items purchased through Invaluable.com, L.L.A.E.S., Ltd. will contact and send an invoice to all winning bidders via e-mail at the completion of the auction. If paying by check, L.L.A.E.S., Ltd. reserves the right to hold the item(s) until the check has cleared. Payment can be made by cash, approved certified funds, wire transfer, Paypal, Visa, Master Card, American Express, and Discover. International (non-domestic United States) bidders will be required to pay by wire transfer unless prior arrangements have been made. At the auctioneer's discretion, certain lots will be required to be paid for by wire transfer.
LOADING
Loading purchased items is the responsibility of the buyer. L.L.A.E.S., Ltd. will, as a courtesy, assist with the loading following the sale, but this is done at the risk and responsibility of the buyer. Arrangements for pick-up for buyers who wish to supply their own labor can be easily scheduled during gallery business hours at the registration desk. L.L.A.E.S., Ltd. will have no liability for any damage while providing loading assistance.
STORAGE
Unless prior arrangements are made, pick-up within 10 working days of the auction is required, or a $10.00 per lot per day storage fee will be charged.
ABANDONED PROPERTY
Unless prior arrangements have been made, any lot(s) remaining at the L.L.A.E.S., Ltd. auction gallery more than 90 calendar days after the auction purchase date will be considered abandoned and will be resold at auction to off-set the storage fees. L.L.A.E.S., Ltd. is not obligated to notify the winning bidder that the abandoned lot(s) will be resold at auction.
BIDDING INCREMENTS
(Lower Level - Upper Level: Bid Increment)
$0 - $500 : $25
$500 - $1,000 : $50
$1,000 - $3,000 : $100
$3,000 - $5,000 : $200
$5,000 - $10,000 : $250
$10,000 - $20,000 : $500
$20,000 - $50,000 : $1,000
$50,000 and up : Auctioneer's Discretion
Shipping Terms
SHIPPING
L.L.A.E.S., Ltd. is pleased to assist you with the shipment of your successful auction purchases. Jewelry, silver, wine and most art can be shipped in-house. Items are shipped with their declared value and full insurance per the carrier's terms and conditions. A signature is required upon delivery. Please contact our Shipping Coordinator for assistance with your items.
Smaller items, other than the aforementioned exceptions, are evaluated for in-house shipping on a case-by-case basis. Please bear in mind that the L.L.A.E.S., Ltd. Shipping Department is small in scale. We will respond to your request in the order in which it was received. Depending on the size of the auction and complexity of your request, shipping may take several weeks from the time of initial contact. When time allows, our Shipping Coordinator can help facilitate up to three quotes from third party shippers for large items and any art that cannot be handled in-house. Shipping quotes are valid for 15 days.
For all shipments leaving our in-house shipping department, any and all additional charges, including but not limited to customs charges, are the sole responsibility of the winning bidder. By shipping in-house you are giving L.L.A.E.S., Ltd. permission to charge your provided credit card for said charges.
Please be advised that L.L.A.E.S., Ltd. does not automatically ship items. The winning bidder must either contact our Shipping Coordinator for assistance or submit a completed L.L.A.E.S., Ltd. Authorized Shipping Release Form indicating a chosen shipper. No lots will be released to an outside shipper without this form.
L.L.A.E.S., Ltd. works with a number of local and international shippers as well as delivery companies; however, L.L.A.E.S., Ltd. does not recommend one service over another. Buyers are expected to use good judgment and ask shippers questions about packing methods and insurance, customs charges etc. before selecting a shipper and paying for services. All packing, handling, shipping and delivery services are performed at the sole risk of the buyer. L.L.A.E.S., Ltd. assumes no legal or financial responsibility and is free from all liability associated with fulfilling your shipping request.
