Lot 103: MARK OLSEN, Phoenix, Oil on canvas

Live bidding may start higher or lower

$0 - 1,999:25.12%

$2,000 - 4,999:25.12%

$5,000 - 49,999:25.12%

$50,000 - 199,999:25.12%

$200,000+:25.12%

Conditions of Sale and A Guide to Buyers

The highest bidder shall be the buyer. In the event of any
dispute as to the bidding in respect of any lot, that lot may be
offered again at the discretion of the auctioneer whose decision
shall be absolute and final.

The auctioneer has the right -
(i) to refuse any bid;
(ii) to advance the bidding at his absolute discretion;
(iii) to place a reserve on any lot;
(iv) to place a bid or bids on behalf of the seller;
(v) to withdraw any lot from sale;
(vi) to require a successful bidder to pay forthwith the
whole or any part of the purchase price.

The auctioneer acts as the agent of the seller and neither he
nor the seller shall be responsible for any defects or faults in
any lot or for any errors of description or for genuineness or
authenticity of any lot and no compensation shall be paid in
respect of same. From the time of lot being sold, such lot will be the
responsibility of the buyer.

Successful bidders are required to pay for purchases
immediately on completion of sale unless otherwise arranged.
All intending buyers are required to register for a bidding
number prior to auction commencing. Subscribers can use
their permanent bidding number. We reserve the right to ask
for identification if you are a first time client of International
Art Centre.

Each lot shall be paid for and removed at the buyers expense by
no later than 5:00pm Friday 25 October 2019 unless otherwise
arranged failing which the auctioneer and/or the seller shall
have the right to forfeit any deposit paid by the buyer and to
resell the lot either by public or private sale and any deficiency
on costs of resale shall be borne by the defaulting buyer.

No lot may be collected whilst auction is in progress. Payment
can also not be made until completion of auction.

SUBJECT BIDS
When the auctioneer declares a lot 'subject' this means the
bid is below the set reserve and is subject to vendor accepting,
rejecting or negotiating the bid. International Art Centre will
endeavour to make contact with the vendor immediately after
sale or the following day. If the bid is accepted, the highest
bidder is obligated to make purchase.

ESTIMATES
Estimates are provided for each entry and act as a guide only.
They are prepared well in advance of sale and are subject to
revision at any time. Estimates are based on hammer price and
do not include buyers premium.

ABSENTEE BIDS
Absentee bidding arranged - please refer to absentee bidding
in back of catalogue Fax to (09) 307 3421 or post to PO Box 37
344 Parnell before 3pm day of sale. Please do not be offended
if a member of our staff ask for your credit card details as
security.

Absentee bids can also be left via our website to registered
members. Our website www.fineartauction.co.nz acts as a
useful auxiliary to the catalogue but we recommend inspection
or a condition report prior to leaving a bid. Our staff will gladly
supply you with a condition report on any lot.

TELEPHONE BIDS
Telephone bidding available to subscribers and registered
bidders. There is no charge for this service.

PAYMENT FACILITIES
Eftpos: Available for transactions depending on your daily limit.
Bank deposits: Bank instructions on invoice if paying by direct
debit. Quote the Lot number(s) purchased and surname as
reference.

Credit cards: Visa and Mastercard with a 2% surcharge.
International Art Centre no longer accepts cheque or cash
payments in excess of NZ$10,000.

PROTECTED OBJECTS ACT
Art objects over 50 years old made by an artist or maker born
in or related to New Zealand may be protected New Zealand
objects, and therefore require permission from the Ministry
for Culture and Heritage in order to be exported. Applications
for permission to export can be made at https://mch.govt.nz/
nz-identity-heritage/protected-objects/exporting

FREIGHT & PACKING
International Art Centre arrange door to door delivery both
nationally and internationally. Please arrange insurance on
your items prior to them leaving our premises.
OTHER ENQUIRIES
Should you have any questions relating to the sale or if we can
be of any other assistance please contact us during business
hours on (09) 379 4010, Toll Free 0800 800 322 or email
info@internationalartcentre.co.nz

BUYERS PREMIUM
17.5% Buyers premium plus GST on premium (20.12%) and a 5% invaluable fee applies to all lots purchased through invaluable. (Total buyers premium is 25.12% including GST)

BUYERS PREMIUM
17.5% Buyers premium plus GST on premium (20.12%) and a 5% invaluable fee applies to all lots purchased through invaluable. (Total buyers premium is 25.12% including GST)

To be determined based on individual item and location. Please contact us directly for a quote.