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Lot 288: Chinese Calligraphy Attributed to Lu Runyang (1841-1915)

Est: $2,000 AUD - $3,000 AUDPassed
Graham's AuctionWoollahra, AustraliaOctober 30, 2016

Item Overview

Description

Lu Runyang (1841-1915), gilt ink on paper, hanging scroll, signed and inscribed by the artist, with two seals of the artist, 33 x 134 cm. Sydney private collection.

Artist or Maker

Condition Report

As inspect

Payment & Shipping

Payment

Accepted forms of payment: COD (cash on delivery), MasterCard, Money Order / Cashiers Check, Paypal, Visa, Wire Transfer

Shipping

General
Terms and conditions OF ARDENT Auctions Pty Ltd of Unit 1 3 Wiluna Street Fyshwick ACT 2609. From this point forward Ardent Auctions will be referred to as "Ardent.

1. INTERPRETATION
1.1 The definitions in this clause apply to these Terms:
"Auction" where the word "auction" is mentioned that is an auction conducted by Ardent.
"Hammer Price" The price that a lot was sold at by the auctioneer by saying sold or by banging the hammer or other implement in such a way as to conclude the sale of said lot.
"Bid Slip" means the slip to be completed by a potential buyer prior to participating in an auction in conjunction with Registration.
"Buyer" A Person, persons or entity bidding at an auction is, or are referred to as the "buyer" or "buyers"
"Seller" The owner of the goods being sold and consigned to Ardent for that purpose is referred to as the "seller".
"Buyer(s) Premium" refers to the premium not more than 20%, (as specified in the catalogue of the day) which is then added to the Hammer Price of all Lots.
"Commission Bids" refers to any proxy bidding taking place in relation to any given auction as notified to ARDENT, including any proxy bids received up to 15 minutes before the relevant auction.
"Contract" means the contract for purchase formed between the Buyer and the Seller once the Hammer Price has been achieved.
"Defaulter's Entry Fee" means the fee of $29 to be charged to the relevant party in the case of any Lot having to be re-auctioned otherwise than due to a fault of ARDENT.
"Deposit" means the cash (or as otherwise agreed) deposit paid by the potential buyer upon Registration of either $200 or $500 as notified by ARDENT in the Catalogue Notes (Usually only applies to overseas bidders).
"Lot" means any single item, group of items, or set of items sold at an auction on the Premises.
"Good(s)" includes any item forming a Lot or Lots as described in the relevant catalogue including but not limited to antiques, collectibles, textile goods, bespoke, and industrial goods and/or equipment.
"Catalogue" means the notes and pictures associated with each auction including but not limited to the Health & Safety notes, viewing times, payment details, collection times, the amount of the Buyer Premium, GST chargeable, and any other relevant terms relating to that particular auction and/or sale, and which in all cases are governed by these Terms.
"Auctioneer" where there is a mention of the auctioneer, the auctioneer will be deemed to be an employee or official agent of Ardent, who have the conduct of auctions from the rostrum and /or any other authorised representative thereof.
"Premises" means the premises in which the (Ardent) auction is taking place, and, where relevant, the location where the individual Lot and /or Lots under the control of Ardent are stored.
"Registration" means all or any one of the following as appropriate:
(i) The payment of the Deposit in cash or electronically, or as otherwise notified by ARDENT in the relevant Important Notes, (Overseas Bidders Only).
(ii) The presentation of Photo identification acceptable to ARDENT when requested; and
(iii) the completion and submission of the Bid Slip.



Agreeing to these terms and conditions

1 Any person attending an auction agrees to be bound by the terms and conditions set out here.

2 Before a buyer bids at an auction, the buyer must be registered by providing to ARDENT photo identification showing a facial photograph of the proposed buyer and particulars of the residential address of that buyer. Where the buyer for religious or ethical reasons refuses to provide facial photograph to ARDENT verifying his or her identity, ARDENT will require further verification of identity before allowing the potential buyer to bid. ARDENT may request further particulars of the potential buyer at the time of registration, without being required to give a reason. If for any reason ARDENT is dissatisfied with the information and/or documents provided by a potential buyer, identifying that buyer and or the buyer's residential address, ARDENT may at its absolute discretion refuse to register the buyer to bid at an auction.
3 The description of the goods as set out in any catalogue, published by ARDENT in any form or format, is simply meant as a guide as to the description of the goods, their provenance, source, the integrity of the source and/or the integrity of the goods, and hence should not be relied upon, by a buyer.
4 The buyer acknowledges and agrees that prior to the auction taking place, the buyer has inspected and satisfied themselves as to the condition of the goods which are catalogued in the auction, and which are to be sold, during the course of the auction (the "goods").

5 If the buyer intends to bid for goods that (because of their potential provenance, source, description or nature, assert certain characteristics) which may impact in the final price, a prospective buyer may pay for same goods, the buyer MUST at their own cost obtain expert advice independently of ARDENT, to such end that the buyer is satisfied PRIOR to bidding at the auction, that the buyer is purchasing what it is that the buyer believes the goods to be at the time of the auction. In this regard ARDENT and the seller of the goods, give no guarantee or warranty that the goods are of the description set out in the catalogue or of any description made by the auctioneer at any time during the currency of the auction. It is the obligation of the buyer to undertake any and all due diligence that the buyer requires, in order to satisfy the buyer as to the veracity or otherwise of the provenance, source of the goods, the characteristic, age, condition and quality of the goods, prior to bidding at the auction.

Telephone buyers

6 Buyers may provide to ARDENT, prior to the commencement of an auction, a telephone bid form, whereby the buyer indicates to ARDENT the buyer's interest in certain goods catalogued in a certain auction (the "telephone bid") and a wish by the buyer to make a telephone bid or bids for certain goods at that auction.

7 ARDENT is under no obligation to telephone the potential telephone buyer in relation to any bid registered by a telephone buyer, on a form provided to ARDENT prior to the auction, however will undertake its best endeavours to identify that the buyer has registered the buyer's interest in bidding for a particular good or goods, by the provision of a telephone bid form.

8 ARDENT will, where ARDENT acknowledges the acceptance of a telephone bid by a buyer, bid for and on behalf of the buyer as the buyer instructs over the telephone. However the buyer agrees and acknowledges that ARDENT is under no obligation to make a bid for and on behalf of a telephone buyer, and that if a bid is made by ARDENT, the bid is made in good grace having regard to the understanding of the auctioneer as to the bid wished to be made by the telephone buyer, via the auctioneer. The buyer will not make any claim, claim for compensation, nor claim for damages in relation to any telephone bid made by the auctioneer for and on behalf of that telephone buyer, and whatever offer or bid is made by the auctioneer for and on behalf of a buyer, at or during the auction will be deemed to be made by the buyer.

9 Telephone bid forms must be accepted by ARDENT before the commencement of the auction in which the goods to be bid upon are a part of, otherwise it is at the absolute discretion of ARDENT as to whether it accepts the bid form.


Bidding at auction

10 Normally, the highest buyer shall be the buyer of any goods at an auction. This is however at the absolute discretion of Ardent.
11 During the auction, all decisions in relation to any dispute arising in respect of any sale of any goods in that auction, or in respect of any matter, manner or thing, directly or indirectly related to a bid, the manner in which a bid is made, the manner in which a bid is accepted, any dispute in relation to whom has made a bid, or the amount of that bid, or the person, persons and/or entity to whom or which the hammer is dropped, the auctioneer is the final arbiter, and any decision so made by the auctioneer during the auction in relation to any matter, manner or thing either directly or indirectly related to the operation management, administration, taking of bids, giving of bids, falling of the hammer and the like, shall be that of the auctioneer.
.
12 No buyer may retract a bid once the bid has been acknowledged by the auctioneer, which acknowledgement shall be an acknowledgment in any form made by the auctioneer at the time the bid is made.
However the auctioneer may at their own discretion acknowledge a retraction.
13 The buyer must be a registered buyer before making any bid and no bid shall be accepted from any unregistered buyer.

14 Upon the fall of the hammer in favour of a buyer that buyer is responsible for payment and collection of the goods, which are the subject of that fall of the hammer.

Internet buyers

15 Buyers may bid on the internet through the Invaluable website, for such auctions as are listed with invaluable. ARDENT shall not be responsible for any failure in relation to any equipment, program or link, or any reason whatsoever whereby an internet bid fails to come to the notice of the auctioneer, and the bid is not then conveyed to the auctioneer. ARDENT shall not be responsible to an internet buyer in relation to any bid made by an internet buyer, where for any reason ARDENT is unaware of the internet bid at the time the auction is taking place, or at all. The buyer shall not have any claim, claim for compensation or claim for damages if for any reason ARDENT does not notice or does not bid for an internet buyer.

16 An internet buyer is to pay an additional 3% buyer's commission on any goods purchased by a buyer by way of an internet bid, over and above the buyer's commission stated in the ARDENT catalogue on the day of the auction.
Collection of goods
17 Buyers may collect goods during the auction after paying for same, but only at the discretion of the auctioneer.

18 Internet buyers may only pay for and collect goods after the auction where those goods have been sold, has been completed, in that the last lot in the auction has been auctioned and all paperwork completed. Payments and pick-ups for internet buyers is to be completed by COB the following day. ARDENT can provide a shipping service with a courier or Australia Post, at the buyers expense plus a handling fee of $15 per lot to a maximum of $75 or can provide details of our preferred shippers on request. The buyer is to deal directly with the shipper of their choice to arrange pick-up of items and all costs incurred for pick-up, packaging and shipping are borne by the successful buyer.
Agent bids

19 The registered buyer is deemed to be the principal buyer. Any bidder who is acting as an agent for a buyer must, prior to the auction, provide written authority from the actual buyer, that the agent may so act on behalf of that buyer to bid at the auction and the principal must provide photo ID and register as a buyer, providing to ARDENT such information it requires of the principal.


ARDENT and buyers warranties and obligations.

20 ARDENT provides no warranty or guarantee, either express or implied, that any goods are free of all patent or latent faults or defects. The buyer acknowledges and agrees that the buyer has taken the opportunity to inspect the goods and undertaken all due diligence in relation to those goods, by having the goods tested, the veracity of the provenance and source of the goods established by an expert or experts and obtaining any report or reports that the buyer requires in relation to those goods. The buyer hereby indemnifies and holds safe ARDENT in relation to any matter, manner or thing, either directly or indirectly related to the goods the subject of the sale, which have been purchased by the buyer and accepts the goods as are, where are, and will claim no compensation, damages, nor make any claim against ARDENT in relation to any fault, either patent or latent in the goods, shortages in quantity, miss description of provenance, source quality or any other matter, manner or thing related in any way to the goods, directly or indirectly.

Payment of goods

21 The buyer agrees that the buyer will pay by cash, EFT, bank transfer, credit card, VISA, MasterCard and Debit card, however ARDENT does not accept payment by Cheque, American Express or Diners Club card.

22 All credit card transactions will be charged a 2% (plus GST) surcharge added to the amount charged to the buyer in relation to the sale and purchase of the goods.

ARDENT Buyers Premium / Commission

23 The buyer will pay to ARDENT a buyer's premium hereafter referred to as commission. The commission will be calculated upon the gross action sale price of the goods sold in respect of any lot, at the rate of commission listed in the catalogue for that particular auction, plus GST. The commission shall be paid at the same time as the gross auction sale price for the goods is paid by the buyer to ARDENT.
24 Where the commission does not appear due to omission in the sale catalogue the rate of commission will be deemed to be 18%. Commission can also be varied by written agreement between buyer and Ardent prior to auction.

Collection of purchase

25 All goods the subject of a purchase by a buyer shall be paid for on the day of the auction and removed from the ARDENT auction rooms, or the place where the auction has taken place, within two business days of the date of the sale, or at the time specified by the auctioneer at the beginning of the sale, where that is different to the two business days.
26 Buyers are responsible for the collection of the goods of the lot that the buyer has purchased, and the cost of any crane, forklift, lifting device or carrying device for the goods, and neither ARDENT nor the seller have any obligation to the buyer, other than to present the goods as the goods were situated during the course of the auction at which the goods were sold. Accordingly, in respect of any goods whereby any lifting device or equipment is required to remove those goods from the place where the auction took place, then the provision of that equipment, plant, or lifting facility shall be arranged and paid for by the buyer.

27 Normally, ARDENT is under no responsibility or obligation to a buyer to resell goods where the buyer does not wish to accept same after being the successful buyer. ARDENT may at its absolute discretion, refuse to resell such goods on behalf of the buyer at a subsequent auction of ARDENT. Unless otherwise agreed in writing the buyer must pay on the day of the auction and remove the goods of any lot from the premises within two business day after the fall of the hammer of the last lot in which the lot purchased by the buyer formed part.





Seller of the goods

28 The buyer agrees and acknowledges that in relation to the lot and the goods the subject of the sale and/or auction, ARDENT is simply an agent acting for and on behalf of the seller of those goods and that the contractual arrangement in relation to the purchase of those goods is as between the buyer and the seller of the goods, and that ARDENT has no part in this process, except as to act as the authorised and exclusive agent of the seller.

Return of goods

29 Where a buyer contends and /or asserts that buyer has the right at law or otherwise to return goods the subject of a lot at any auction, the buyer must within five (5) business days of the fall of the hammer for the last lot at the auction of which the goods formed part of a lot, advise ARDENT in writing, as follows…
29.1 that the buyer believes that the buyer is not required to accept the goods in the lot;
29.2 the reasons why the buyer contends that the buyer is not required to accept the goods in the lot;
29.3 what it is that the buyer wishes ARDENT to do about the goods, the subject of the lot; and
29.4 a description of all of the issues that the buyer has in relation to the goods the subject of the lot, whereby the buyer considers that the buyer has the right to return such goods to ARDENT (the "rejection notice").

30 ARDENT will advise the buyer in writing within five (5) business days of receipt of the rejection notice as to whether the seller will accept the goods by return, or if the seller will not, the reasons why the seller will not accept the return of the goods, and will do so in writing.

31 Where the seller agrees to accept goods by return, the goods must be in the same condition as they were when they left the auction room of ARDENT after the auction of which they were a part, and returned to the office address of ARDENT by the buyer at the cost of the buyer.

32 Upon receipt of the goods in the same condition as that when sold, ARDENT will return to the buyer the gross auction price and the buyer's commission, less a 5% handling and admin fee, and will do so within five (5) business days of the receipt of the goods.

Title of goods

33 Title in the goods, the subject of the sale, shall not pass to the buyer unless and until the payment by the buyer is cleared funds into the account of ARDENT. Should the buyer pay ARDENT by cheque or in a manner by which the payment is not honoured, then upon dishonour of that payment, ARDENT shall on behalf of seller and itself be at liberty to make claim against the buyer for the costs relevant to the purchase of those goods, including the demand for payment of the gross auction sale price of the goods, any costs relevant to the goods, the buyer's commission, any legal or collection costs relevant to the funds that should have been paid to ARDENT buy the buyer, interest, storage and bank fees.

34 Where the buyer does not make payment for the goods and does not collect such goods, ARDENT reserves the right at the absolute discretion of ARDENT to re-sell the goods at a subsequent auction and make claim against the buyer for any deficiency in and costs related to the original sale of the goods to the buyer and the subsequent sale of the goods to another buyer, advertising, insurance, transport costs, storage and loss of commission.

35 Before reselling the goods at a subsequent auction, ARDENT will send a notice of its intention to do so by prepaid ordinary post or email to the address or addresses provided by the buyer to ARDENT.




Changing the agreement

36 The terms and conditions of this agreement may not be varied by either party except in writing signed by both parties.

GST

37 Where the catalogue in respect of a lot and/or goods purchased by a buyer shows that the sale of that lot or those goods attracts GST, then upon providing the gross auction sale price of the goods, the buyer will also provide GST in relation to that purchase upon being provided by ARDENT with a tax invoice evidencing the amount of GST payable.

Auction Details

Asian Antiquity & Arts

by
Graham's Auction
October 30, 2016, 12:30 PM AEDT

20 Queen Street, Woollahra, NSW, 2025, AU

Terms

Live bidding may start higher or lower

Buyer's Premium

$0 - 100,000:25.0%
$100,001 - 200,000:22.0%
$200,001+:20.0%

Bidding Increments

From:To:Increment:
$0$999$50
$1,000$1,999$100
$2,000$4,999$250
$5,000$9,999$500
$10,000$19,999$1,000
$20,000$49,999$2,000
$50,000$99,999$5,000
$100,000$199,999$10,000
$200,000$499,999$25,000
$500,000+$50,000

Extended Bidding

5 minutes/bid

Terms and Condition

1. Auctioneer is Agent for Vendor
Graham's Auction is an agent for the Vendor and is not responsible for any default by the Vendor or the Buyer.
2. Highest Bidder
Subject to any reserve price, the highest bidder shall be the Buyer and a dispute shall be settled by the Auctioneer who may at any time at his absolute discretion and regardless of the fall of the hammer re-open the bidding or withdraw the Lot from sale. The decision of the Auctioneer shall be final.
3. Regulation of Bidding
The Auctioneer has the right in his absolute discretion to refuse any bid and to advance and regulate the bidding as he decides and any bid acknowledged and relied upon by the Auctioneer may not be withdrawn.
4. Rights of Auctioneer and Vendor
The Auctioneer and the Vendor reserve the following rights which may be exercised by the Auctioneer without giving any reason therefore:
(a) Not to offer for sale any Lot described in the catalogue;
(b) To offer for sale part only of any Lot described in the catalogue;
(c) To offer (2) or more of the Lots described in the catalogue as separate Lots or together as one Lot;
(d) Should such Lots referred to in (c) of this Condition not be knocked down under the hammer to a successful bidder, to offer them as separate Lots;
(e) To keep secret the existence and amount of the reserve price (if any) of a Lot;
(f) In the event that any Buyer shall successfully bid for more than one Lot at the auction -
(1) To appropriate any moneys received from that Buyer in satisfaction or partial satisfaction of the Purchase Price due in respect of any one or more of such Lots to the total or partial exclusion of amounts due in respect of any other such Lot or Lots as the Auctioneer shall see fit; and
(2) To elect at any time to treat each Contract for the sale of each such Lots as interdependent with each other such Contract or Contracts and default under any such Contract shall be treated as default under all such Contracts;
(g) To bid on behalf of the Vendor or any prospective Buyer with or without disclosure;
(h) In the event that any Lot is not sold at the auction to offer to sell same thereafter by private treaty but otherwise subject to these Conditions; and
(i) To refuse any person or persons admission to, or eject them from, the auction site.
5. Buyer Bids as Principal
Every Buyer shall be deemed to bid as principal unless prior to the auction he discloses to Graham's Auction that he will be bidding on behalf of a principal and supplies the full name and address of his principal and a copy of a written authority to bid for and on behalf of that principal and such authority is satisfactory to Grahams.
6. Buyers Registration Form
Every bidder shall complete and sign a Buyers Registration Form. Proof of identity acceptable to Grahams may be required prior to entry to the auction premises.
7. Buyers Premium
The Buyer may be required to pay to Graham's Auction a Buyers Premium based on a percentage of the Hammer Price. The terms of that premium will be published prior to the auction. The Buyer acknowledges that Graham's Auction may also receive commission from the Vendor.
8. G.S.T
"G.S.T" means the goods and services tax imposed by the New Tax System (Goods and Services Tax) Act 1999 (Com) (as amended)
(a) Graham's Auction will sell the Property to be auctioned on a G.S.T exclusive basis. The hammer price will therefore be exclusive of any G.S.T payable. Graham's Auction will invoice the Purchaser for the hammer price, buyer's premium and the applicable G.S.T. Graham's Auction will account to the Vendor for any G.S.T payable on the hammer price actually recovered form the Purchaser. The Vendor will be responsible to pay the G.S.T to the Australian Tax Office.
(b) The purchaser must carefully assess whether input tax credits for any G.S.T paid in addition to the hammer price will be available. We recommend you contact your accountant or lawyer on this question.
(c) Grahams will mark its sale catalogue with a diamond "?" against each lot declared to be subject to G.S.T on sale. The Purchaser shall be responsible to pay G.S.T on the hammer price for lots marked with a diamond as a "taxable supply".
(d) Grahams will provide the Purchaser with a valid 'tax invoice' if G.S.T is assessable on the sale.
(e) Any overseas buyer eligible for exemption form G.S.T must provide satisfactory proof to Grahams that the property has or will leave the country as an export within 60 days of its purchase.
(f) No exemption of G.S.T will apply to a buyer's premium. G.S.T will be charged by Graham's Auction to the purchaser on the buyer's premium.
9. Statements made by Auctioneer at Rostrum
All conditions, notices, descriptions, statements and other matters in the catalogue and elsewhere concerning a Lot are subject to any statements modifying or affecting the same made by the Auctioneer from the rostrum prior to any bid being accepted for the Lot.
10. Catalogue Descriptions
(a) Any representation or statement by Grahams in any catalogue, advertisement or brochure as to the authorship, origin, date, age, period, attribution, genuineness, provenance, condition, quality, or estimated selling price of any Lot is a statement of opinion only. Any illustrations in the catalogue are solely for the guidance of prospective Buyers and are not to be relied upon in terms of tone or colour or necessarily to reveal imperfections in any Lot;
(b) Many Lots are of an age or nature which precludes their being in pristine condition and some descriptions in the catalogue make reference to damage and/or restoration. Such information is given for guidance only and the absence of such a reference does not imply that a Lot is free from defects nor does any reference to particular defects imply the absence of others;
(c) Buyers must satisfy themselves as to all matters referred to in (a) and (b) above by inspection or otherwise prior to the date of the auction. The attention of Buyers is also drawn to the Explanation of Cataloguing Practice (if any) contained in the catalogue.
11. Exclusion of Warranties
(a) No error or misdescription or deficiency in quantity shall vitiate the sale and the Buyer shall be bound to take delivery of the Lot without any allowance or abatement in price.
(b) Any warranties which might otherwise be implied by the Sale of Goods Act 1923 are hereby excluded and shall not apply. All Lots are sold "as is" and Graham's Auction and the Vendor make no representations or warranties as to any Lot other than those implied by the Common Law or by statute, the exclusion of which would render this Condition void or voidable or which would constitute an offence by the Auctioneer or the Vendor.
(c) Intending bidders must satisfy themselves by inspection or otherwise as to the nature of the Lot and must accept same with all faults, patent or latent (if any).
(d) No warranty shall be implied from any affirmation made at the auction or otherwise but in all cases where an express warranty is intended, the same shall only be enforceable if reduced to writing and signed by the Vendor or by the Auctioneer as agent for the Vendor.
12. Guarantee
(a) If:
(1) Within twenty-one (21) days of the date of the auction Graham's Auction receives notice writing from the Buyer of any Lot that in his view the Lot is a Forgery, and
(2) Within fourteen (14) days of such notice, the Buyer returns the Lot to Graham's Auction in the same condition as at the date of the auction, and
(3) Within a reasonable time thereafter, the Buyer satisfies Graham's Auction that the Lot is a Forgery and that the Buyer is able to give a good and marketable title of the Lot free of any liens or encumbrances, then Graham's Auction will set aside the sale and refund to the Buyer any amount paid for the Lot.
(b) Provided that the Buyer shall have no rights under this Condition if:
(1) He or she does not give the notice in writing within twenty-one (21) days as specified in Clause 11(a) (1),
(2) The catalogue description at the date of the auction was in accordance with the then generally accepted opinions of scholars or experts or fairly indicated that there was a conflict of such opinion, or
(3) It can be established that the Lot is a Forgery only by means of a scientific process not generally accepted for use until after the date of the auction or by means of a process which as at that date was unreasonably expensive or impractical or likely to have caused damage to the Lot;
(c) The Buyer shall not be entitled to claim under this Condition for more than the amount paid by him for the Lot and in particular shall have no claims for any loss, consequential loss or damage, whether direct or indirect, suffered by him
(d) The benefit of this Condition shall not be assignable and shall rest solely and exclusively in the Buyer who shall be the person to whom the original invoice was made out by Grahams in respect of the Lot when sold and who has since the auction retained uninterrupted and unencumbered ownership thereof.

13. Payment
Payment will be accepted in the form of Visa, MasterCard, personal check, cashier's check, bank wire transfer, money order, and cash (in house only). For internet bidders, if payment is not received within 5 business days following the auction, a payment reminder invoice will be sent. If payment is not received within 10 business days of the auction, we reserve the right to void the sale of the item(s) to that bidder, and make the item(s) available for sale to the under bidder. In addition, any non-paying bidder will be prohibited from registering for any future auction that is held by Grahams auction. For auction floor bidders, if any item(s) remain unpaid after 10 business days without prior agreement by Grahams Auction management, said item(s) will be relinquished by the bidder and the bidder will be prohibited from registering for any future auctions held by Grahams Auction.

Shipping Terms

General
Terms and conditions OF ARDENT Auctions Pty Ltd of Unit 1 3 Wiluna Street Fyshwick ACT 2609. From this point forward Ardent Auctions will be referred to as "Ardent.

1. INTERPRETATION
1.1 The definitions in this clause apply to these Terms:
"Auction" where the word "auction" is mentioned that is an auction conducted by Ardent.
"Hammer Price" The price that a lot was sold at by the auctioneer by saying sold or by banging the hammer or other implement in such a way as to conclude the sale of said lot.
"Bid Slip" means the slip to be completed by a potential buyer prior to participating in an auction in conjunction with Registration.
"Buyer" A Person, persons or entity bidding at an auction is, or are referred to as the "buyer" or "buyers"
"Seller" The owner of the goods being sold and consigned to Ardent for that purpose is referred to as the "seller".
"Buyer(s) Premium" refers to the premium not more than 20%, (as specified in the catalogue of the day) which is then added to the Hammer Price of all Lots.
"Commission Bids" refers to any proxy bidding taking place in relation to any given auction as notified to ARDENT, including any proxy bids received up to 15 minutes before the relevant auction.
"Contract" means the contract for purchase formed between the Buyer and the Seller once the Hammer Price has been achieved.
"Defaulter's Entry Fee" means the fee of $29 to be charged to the relevant party in the case of any Lot having to be re-auctioned otherwise than due to a fault of ARDENT.
"Deposit" means the cash (or as otherwise agreed) deposit paid by the potential buyer upon Registration of either $200 or $500 as notified by ARDENT in the Catalogue Notes (Usually only applies to overseas bidders).
"Lot" means any single item, group of items, or set of items sold at an auction on the Premises.
"Good(s)" includes any item forming a Lot or Lots as described in the relevant catalogue including but not limited to antiques, collectibles, textile goods, bespoke, and industrial goods and/or equipment.
"Catalogue" means the notes and pictures associated with each auction including but not limited to the Health & Safety notes, viewing times, payment details, collection times, the amount of the Buyer Premium, GST chargeable, and any other relevant terms relating to that particular auction and/or sale, and which in all cases are governed by these Terms.
"Auctioneer" where there is a mention of the auctioneer, the auctioneer will be deemed to be an employee or official agent of Ardent, who have the conduct of auctions from the rostrum and /or any other authorised representative thereof.
"Premises" means the premises in which the (Ardent) auction is taking place, and, where relevant, the location where the individual Lot and /or Lots under the control of Ardent are stored.
"Registration" means all or any one of the following as appropriate:
(i) The payment of the Deposit in cash or electronically, or as otherwise notified by ARDENT in the relevant Important Notes, (Overseas Bidders Only).
(ii) The presentation of Photo identification acceptable to ARDENT when requested; and
(iii) the completion and submission of the Bid Slip.



Agreeing to these terms and conditions

1 Any person attending an auction agrees to be bound by the terms and conditions set out here.

2 Before a buyer bids at an auction, the buyer must be registered by providing to ARDENT photo identification showing a facial photograph of the proposed buyer and particulars of the residential address of that buyer. Where the buyer for religious or ethical reasons refuses to provide facial photograph to ARDENT verifying his or her identity, ARDENT will require further verification of identity before allowing the potential buyer to bid. ARDENT may request further particulars of the potential buyer at the time of registration, without being required to give a reason. If for any reason ARDENT is dissatisfied with the information and/or documents provided by a potential buyer, identifying that buyer and or the buyer's residential address, ARDENT may at its absolute discretion refuse to register the buyer to bid at an auction.
3 The description of the goods as set out in any catalogue, published by ARDENT in any form or format, is simply meant as a guide as to the description of the goods, their provenance, source, the integrity of the source and/or the integrity of the goods, and hence should not be relied upon, by a buyer.
4 The buyer acknowledges and agrees that prior to the auction taking place, the buyer has inspected and satisfied themselves as to the condition of the goods which are catalogued in the auction, and which are to be sold, during the course of the auction (the "goods").

5 If the buyer intends to bid for goods that (because of their potential provenance, source, description or nature, assert certain characteristics) which may impact in the final price, a prospective buyer may pay for same goods, the buyer MUST at their own cost obtain expert advice independently of ARDENT, to such end that the buyer is satisfied PRIOR to bidding at the auction, that the buyer is purchasing what it is that the buyer believes the goods to be at the time of the auction. In this regard ARDENT and the seller of the goods, give no guarantee or warranty that the goods are of the description set out in the catalogue or of any description made by the auctioneer at any time during the currency of the auction. It is the obligation of the buyer to undertake any and all due diligence that the buyer requires, in order to satisfy the buyer as to the veracity or otherwise of the provenance, source of the goods, the characteristic, age, condition and quality of the goods, prior to bidding at the auction.

Telephone buyers

6 Buyers may provide to ARDENT, prior to the commencement of an auction, a telephone bid form, whereby the buyer indicates to ARDENT the buyer's interest in certain goods catalogued in a certain auction (the "telephone bid") and a wish by the buyer to make a telephone bid or bids for certain goods at that auction.

7 ARDENT is under no obligation to telephone the potential telephone buyer in relation to any bid registered by a telephone buyer, on a form provided to ARDENT prior to the auction, however will undertake its best endeavours to identify that the buyer has registered the buyer's interest in bidding for a particular good or goods, by the provision of a telephone bid form.

8 ARDENT will, where ARDENT acknowledges the acceptance of a telephone bid by a buyer, bid for and on behalf of the buyer as the buyer instructs over the telephone. However the buyer agrees and acknowledges that ARDENT is under no obligation to make a bid for and on behalf of a telephone buyer, and that if a bid is made by ARDENT, the bid is made in good grace having regard to the understanding of the auctioneer as to the bid wished to be made by the telephone buyer, via the auctioneer. The buyer will not make any claim, claim for compensation, nor claim for damages in relation to any telephone bid made by the auctioneer for and on behalf of that telephone buyer, and whatever offer or bid is made by the auctioneer for and on behalf of a buyer, at or during the auction will be deemed to be made by the buyer.

9 Telephone bid forms must be accepted by ARDENT before the commencement of the auction in which the goods to be bid upon are a part of, otherwise it is at the absolute discretion of ARDENT as to whether it accepts the bid form.


Bidding at auction

10 Normally, the highest buyer shall be the buyer of any goods at an auction. This is however at the absolute discretion of Ardent.
11 During the auction, all decisions in relation to any dispute arising in respect of any sale of any goods in that auction, or in respect of any matter, manner or thing, directly or indirectly related to a bid, the manner in which a bid is made, the manner in which a bid is accepted, any dispute in relation to whom has made a bid, or the amount of that bid, or the person, persons and/or entity to whom or which the hammer is dropped, the auctioneer is the final arbiter, and any decision so made by the auctioneer during the auction in relation to any matter, manner or thing either directly or indirectly related to the operation management, administration, taking of bids, giving of bids, falling of the hammer and the like, shall be that of the auctioneer.
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12 No buyer may retract a bid once the bid has been acknowledged by the auctioneer, which acknowledgement shall be an acknowledgment in any form made by the auctioneer at the time the bid is made.
However the auctioneer may at their own discretion acknowledge a retraction.
13 The buyer must be a registered buyer before making any bid and no bid shall be accepted from any unregistered buyer.

14 Upon the fall of the hammer in favour of a buyer that buyer is responsible for payment and collection of the goods, which are the subject of that fall of the hammer.

Internet buyers

15 Buyers may bid on the internet through the Invaluable website, for such auctions as are listed with invaluable. ARDENT shall not be responsible for any failure in relation to any equipment, program or link, or any reason whatsoever whereby an internet bid fails to come to the notice of the auctioneer, and the bid is not then conveyed to the auctioneer. ARDENT shall not be responsible to an internet buyer in relation to any bid made by an internet buyer, where for any reason ARDENT is unaware of the internet bid at the time the auction is taking place, or at all. The buyer shall not have any claim, claim for compensation or claim for damages if for any reason ARDENT does not notice or does not bid for an internet buyer.

16 An internet buyer is to pay an additional 3% buyer's commission on any goods purchased by a buyer by way of an internet bid, over and above the buyer's commission stated in the ARDENT catalogue on the day of the auction.
Collection of goods
17 Buyers may collect goods during the auction after paying for same, but only at the discretion of the auctioneer.

18 Internet buyers may only pay for and collect goods after the auction where those goods have been sold, has been completed, in that the last lot in the auction has been auctioned and all paperwork completed. Payments and pick-ups for internet buyers is to be completed by COB the following day. ARDENT can provide a shipping service with a courier or Australia Post, at the buyers expense plus a handling fee of $15 per lot to a maximum of $75 or can provide details of our preferred shippers on request. The buyer is to deal directly with the shipper of their choice to arrange pick-up of items and all costs incurred for pick-up, packaging and shipping are borne by the successful buyer.
Agent bids

19 The registered buyer is deemed to be the principal buyer. Any bidder who is acting as an agent for a buyer must, prior to the auction, provide written authority from the actual buyer, that the agent may so act on behalf of that buyer to bid at the auction and the principal must provide photo ID and register as a buyer, providing to ARDENT such information it requires of the principal.


ARDENT and buyers warranties and obligations.

20 ARDENT provides no warranty or guarantee, either express or implied, that any goods are free of all patent or latent faults or defects. The buyer acknowledges and agrees that the buyer has taken the opportunity to inspect the goods and undertaken all due diligence in relation to those goods, by having the goods tested, the veracity of the provenance and source of the goods established by an expert or experts and obtaining any report or reports that the buyer requires in relation to those goods. The buyer hereby indemnifies and holds safe ARDENT in relation to any matter, manner or thing, either directly or indirectly related to the goods the subject of the sale, which have been purchased by the buyer and accepts the goods as are, where are, and will claim no compensation, damages, nor make any claim against ARDENT in relation to any fault, either patent or latent in the goods, shortages in quantity, miss description of provenance, source quality or any other matter, manner or thing related in any way to the goods, directly or indirectly.

Payment of goods

21 The buyer agrees that the buyer will pay by cash, EFT, bank transfer, credit card, VISA, MasterCard and Debit card, however ARDENT does not accept payment by Cheque, American Express or Diners Club card.

22 All credit card transactions will be charged a 2% (plus GST) surcharge added to the amount charged to the buyer in relation to the sale and purchase of the goods.

ARDENT Buyers Premium / Commission

23 The buyer will pay to ARDENT a buyer's premium hereafter referred to as commission. The commission will be calculated upon the gross action sale price of the goods sold in respect of any lot, at the rate of commission listed in the catalogue for that particular auction, plus GST. The commission shall be paid at the same time as the gross auction sale price for the goods is paid by the buyer to ARDENT.
24 Where the commission does not appear due to omission in the sale catalogue the rate of commission will be deemed to be 18%. Commission can also be varied by written agreement between buyer and Ardent prior to auction.

Collection of purchase

25 All goods the subject of a purchase by a buyer shall be paid for on the day of the auction and removed from the ARDENT auction rooms, or the place where the auction has taken place, within two business days of the date of the sale, or at the time specified by the auctioneer at the beginning of the sale, where that is different to the two business days.
26 Buyers are responsible for the collection of the goods of the lot that the buyer has purchased, and the cost of any crane, forklift, lifting device or carrying device for the goods, and neither ARDENT nor the seller have any obligation to the buyer, other than to present the goods as the goods were situated during the course of the auction at which the goods were sold. Accordingly, in respect of any goods whereby any lifting device or equipment is required to remove those goods from the place where the auction took place, then the provision of that equipment, plant, or lifting facility shall be arranged and paid for by the buyer.

27 Normally, ARDENT is under no responsibility or obligation to a buyer to resell goods where the buyer does not wish to accept same after being the successful buyer. ARDENT may at its absolute discretion, refuse to resell such goods on behalf of the buyer at a subsequent auction of ARDENT. Unless otherwise agreed in writing the buyer must pay on the day of the auction and remove the goods of any lot from the premises within two business day after the fall of the hammer of the last lot in which the lot purchased by the buyer formed part.





Seller of the goods

28 The buyer agrees and acknowledges that in relation to the lot and the goods the subject of the sale and/or auction, ARDENT is simply an agent acting for and on behalf of the seller of those goods and that the contractual arrangement in relation to the purchase of those goods is as between the buyer and the seller of the goods, and that ARDENT has no part in this process, except as to act as the authorised and exclusive agent of the seller.

Return of goods

29 Where a buyer contends and /or asserts that buyer has the right at law or otherwise to return goods the subject of a lot at any auction, the buyer must within five (5) business days of the fall of the hammer for the last lot at the auction of which the goods formed part of a lot, advise ARDENT in writing, as follows…
29.1 that the buyer believes that the buyer is not required to accept the goods in the lot;
29.2 the reasons why the buyer contends that the buyer is not required to accept the goods in the lot;
29.3 what it is that the buyer wishes ARDENT to do about the goods, the subject of the lot; and
29.4 a description of all of the issues that the buyer has in relation to the goods the subject of the lot, whereby the buyer considers that the buyer has the right to return such goods to ARDENT (the "rejection notice").

30 ARDENT will advise the buyer in writing within five (5) business days of receipt of the rejection notice as to whether the seller will accept the goods by return, or if the seller will not, the reasons why the seller will not accept the return of the goods, and will do so in writing.

31 Where the seller agrees to accept goods by return, the goods must be in the same condition as they were when they left the auction room of ARDENT after the auction of which they were a part, and returned to the office address of ARDENT by the buyer at the cost of the buyer.

32 Upon receipt of the goods in the same condition as that when sold, ARDENT will return to the buyer the gross auction price and the buyer's commission, less a 5% handling and admin fee, and will do so within five (5) business days of the receipt of the goods.

Title of goods

33 Title in the goods, the subject of the sale, shall not pass to the buyer unless and until the payment by the buyer is cleared funds into the account of ARDENT. Should the buyer pay ARDENT by cheque or in a manner by which the payment is not honoured, then upon dishonour of that payment, ARDENT shall on behalf of seller and itself be at liberty to make claim against the buyer for the costs relevant to the purchase of those goods, including the demand for payment of the gross auction sale price of the goods, any costs relevant to the goods, the buyer's commission, any legal or collection costs relevant to the funds that should have been paid to ARDENT buy the buyer, interest, storage and bank fees.

34 Where the buyer does not make payment for the goods and does not collect such goods, ARDENT reserves the right at the absolute discretion of ARDENT to re-sell the goods at a subsequent auction and make claim against the buyer for any deficiency in and costs related to the original sale of the goods to the buyer and the subsequent sale of the goods to another buyer, advertising, insurance, transport costs, storage and loss of commission.

35 Before reselling the goods at a subsequent auction, ARDENT will send a notice of its intention to do so by prepaid ordinary post or email to the address or addresses provided by the buyer to ARDENT.




Changing the agreement

36 The terms and conditions of this agreement may not be varied by either party except in writing signed by both parties.

GST

37 Where the catalogue in respect of a lot and/or goods purchased by a buyer shows that the sale of that lot or those goods attracts GST, then upon providing the gross auction sale price of the goods, the buyer will also provide GST in relation to that purchase upon being provided by ARDENT with a tax invoice evidencing the amount of GST payable.