Terms
DUE TO THE LOGISTICS OF THE AUCTIONEER TAKING BIDS FROM BIDDERS IN THE ROOM, ABSENTEE
BIDS, AND PHONE BIDS IN ADDITION TO INTERNET BIDDERS, IN SOME CASES TWO OR MORE BIDDERS
MAY CLAIM THE SAME BID. THE AUCTIONEER GENERALLY ACKNOWLEDGES ROOM BIDDER AND
ABSENTEE BIDS FIRST, AND THEN INTERNET AND PHONE BIDDERS. FOR THIS REASON, SOME INTERNET
BIDDERS WHO MAY HAVE SUBMITTED A BID PRIOR TO THE SALE MAY BE SUPERSEDED BY ANOTHER
BIDDER. THIS IS BEYOND OUR CONTROL, AS WE HAVE NO WAY OF KNOWING WHEN YOU PLACED YOUR
BID OR HOW MUCH THE BID AMOUNT IS. WE APOLOGIZE FOR ANY CONFUSION CAUSED BY THIS.
TREMONT AUCTIONS will offer the property described in this catalog by the conditions set forth below
which may be may be amended by any posted notices or oral announcements during the sale. By
bidding at an auction, whether in person or by agent, absentee bid, telephone, Internet or other means,
the purchaser or bidder agrees to be bound by these Terms and Conditions of Sale.
TERMS AND CONDITIONS OF SALE
1. All items are sold AS IS, WHERE IS with all faults. There are no warranties or representations of
merchantability, of fitness, nor of any other kind, express or implied. All items are available for your
examination prior to bidding. Written and oral descriptions are our opinions and should in no way be
construed as a guarantee of any kind as to authenticity, age, condition, materials or any other feature of
items being sold. Tremont Auctions attempts to catalog every lot correctly and will attempt to point out
any defects but will not be responsible or liable for the correctness of the catalog or other descriptions
of the lot.
2. As used in these conditions of sale, the term "final bid" means the highest bid acknowledged by the
auctioneer and the term "purchase price" means the sum of the final bid plus the premium payable by
the buyer, as set forth in Condition 4.
3. The highest bidder acknowledged by the auctioneer shall be the buyer. The auctioneer has the right
to reject any bid, to advance the bidding at his absolute discretion, and in the event of any dispute
between bidders to determine the successful bidder, to continue the bidding or to re-offer and resell the
lot in dispute. In the event of any dispute after the sale, Tremont Auctions record of final sale shall be
conclusive. Internet bidders should be aware that auction floor bids taken by the Auctioneer always
supersede bids taken online, therefore it is often necessary for Internet bidders to bid again to have the
contending bid on any particular item.
4. Tremont Auctions reserves the right to withdraw any lot before the sale.
5. The purchase price payable by a buyer shall be the sum of the final bid plus a premium of 26%, discounted to 23% for payment by cash or check.
6. Title to the offered lot shall pass to the buyer upon the fall of the auctioneer's hammer and
announcement by the auctioneer that the lot has been sold. The buyer shall forthwith assume full risk
and responsibility for the lot and shall pay the full purchase price.
7. No lot may be removed from Tremont Auctions premises until the buyer has paid in full the purchase
price thereof. In addition to other remedies available by law, auction house reserves the right to impose
a late charge of 1 1/2% per month on the purchase price if the buyer does not make payment in full in
accordance with these conditions of sale.
8. PAYMENT TERMS
Invoices will be emailed to the email address registered with your Auction Platform within 48 hours of
the conclusion of the Auction and payment is due upon receipt of the invoice. ALL ACCOUNTS MUST BE
SETTLED WITHIN 10 DAYS OF THE AUCTION DATE! Payment shall be in personal or business check (items
held till check clears), money order, cashier's check, Visa, Mastercard, (and other major credit cards).
bank wire transfer (requires any incurred fees for wire transfers or other transactions which will be the
responsibility of the buyer). A service charge of $25.00 will be charged for any returned check. PLEASE
NOTE: There is a maximum of $25,000 that may be charged to credit cards, per client invoice.
Massachusetts State Sales Tax of 6.25% will be added to all final purchases, unless we are presented
with a copy of a valid Massachusetts State Resale certificate. With a copy of this current certificate. You
will be required to complete a signed ST4 form which will become part of our permanent records. Resale
Tax numbers/certificates from other states will be accepted, a copy of your certificate must be
presented to us. International buyers are responsible for tariffs, taxes or assessments of shipped items
to the buyer's country.
9. REMOVAL OF GOODS, STORAGE & PICK UP
All property is to be packed, shipped or transported at the risk and expense of the Purchaser. Tremont
Auctions CANNOT PROVIDE IN-HOUSE SHIPPING OR QUOTES-ALL SHIPPING IS OUTSOURCED. A signed
release with the name and contact information of your shipper must be submitted to Tremont Auctions
before any merchandise can be released. ITEMS MUST BE REMOVED FROM OUR Gallery WITHIN 10
DAYS OF THE END OF THE AUCTION. Items are stored at the risk of the Purchaser. A 24 hour notice is
required for any items that are to be picked up and a storage fee of $10.00 per day WILL be assessed per
item if not removed within the requested time, regardless of size and value of the lot(s). Unless prior
arrangements have been made and agreed to.
10. Tremont Auctions shall not be held liable for failure to execute left bids.
11. If any applicable conditions herein are not complied with by the purchaser, in addition to other
remedies available to it by law, including without limitation the right to hold the purchaser liable for the
total purchase price, Tremont Auctions at its option may either (a) cancel the sale, retaining as
liquidated damages all payments made by the purchaser or (b) resell the property at public auction
without reserve or minimum selling price, and the purchaser will be liable for any deficiency and costs,
including handling charges, expenses of both sales, the commission on both sales at regular rates, all
other charges due hereunder and incidental damages.
12. If we are prevented by fire, theft, or any other reason whatsoever from delivering any property to
the purchaser, our liability shall be limited to the low auction estimate in the online catalog.
13. Please note that lots containing ivory, tortoiseshell, or other animal materials may be subject to
regulations imposed by the Endangered Species Act and by the United States Fish and Wildlife
Department. Some countries prohibit the importation of property containing materials from
endangered species, and prospective purchasers should familiarize themselves with relevant customs
regulations prior to bidding if they intend to import these lots into another country. Buyer is responsible
for any and all CITES permits.
14. These terms and conditions of sale, as well as the respective rights and obligations of Tremont
Auctions and any purchasers or bidder at any sale of Tremont Auctions, shall be governed by and
construed and enforced in accordance with the laws of the Massachusetts.
BIDDER'S INFORMATION
STANDARD BID INCREMENTS
We attempt to follow the bid increments as stated below:
0-500 by 25
500-1,000 by 50
1,000-2,000 by 100
2,000-5,000 by 200
5,000-10,000 by 500
10,000-30,000 by 1,000
30,000-50,000 by 2,000
50,000 and above by 5,000
Condition Reports
Tremont Auctions will be pleased to provide a condition report for any lot on request. Nevertheless,
prospective buyers are reminded that each lot is sold "as is", and their attention is drawn to term #1.
The absence of a condition statement does not imply that the lot is in perfect condition or completely
free from wear and tear, imperfections or the effects of aging. Most of the items we sell are OLD and
will have imperfections pursuant to age. We recommend prospective bidders examine all items in which
they have an interest. By placing a bid, either in person, by phone, absentee or via the Internet, you
signify that you have examined the items as fully as you desire to or that you have chosen not to
examine them. If you require absolute certainty in all areas of authenticity, and the results of your
evaluation leave uncertainty in your mind, we recommend you have an expert examine the lot for you
or DO NOT BID on the item in question. Bidding on these items is acceptance of these terms.
WE DON'T GIVE REFUNDS, ALL SALES ARE FINAL.
Contract
If a lot is offered subject to reserve (the confidential minimum price below
which a lot will not be sold), we may implement such a reserve by bidding
on behalf of the consignor. CONSIGNORS MAY NOT BID ON THEIR OWN
PROPERTY.
i. All statements contained in the catalogue or in any bill of sale, invoice or
elsewhere as to authorship, period, source, origin, measurement or
condition are qualified statements and shall not be deemed to be
representations or warranties. Please note:
ii. These Terms and Conditions of Sale take precedence over any
statements made to the contrary by the Auctioneer, staff or affiliates. If
the Auctioneer warrants the quality or condition of a lot during or before
the auction, that statement is not binding on the Auction House or the
Buyer and the as is provisions of these Terms and Conditions take
precedence.
iii. Notwithstanding the statement in paragraph 7, buyers have the right of
rescission, PROVIDED that within 48 hours of their receipt of the
property they inform us that the physical condition materially differs from
the catalogue description, from a provided condition report or the
catalogue description is inaccurate, TO OUR SATISFACTION. Buyers
must return the property immediately and show clearly any differences
or inaccuracies with the catalogue and the property must be received in
the same condition as when it was sent.
iv. The content of the catalogue including text, photographs, digital images
and designs are copyright protected and belong exclusively to Jambhala
Antique. Reproduction of any kind is not authorized without prior written
consent
Shipping
Jambhala
Antique can provide in-house packing and shipping services at the Buyer's
expense. Items will be shipped via UPS or USPS unless another carrier is
specified. Please note: items that are large and/or heavy and/or need
special packaging or shipping requirements, may have additional shipping
costs and delays. If we cannot pack and ship your purchases, we can
recommend packing/shipping through a third party carrier. We are not
responsible for any delays on the part of this third party, should there be
any. We recommend shipping all items insured. Insurance costs through
third party carriers will be borne by the Purchaser and in case of damage,
insurance claims should be taken up with the third party carrier. Should any
damage or loss occur to items transported by a third party shipper, we will
not be held responsible for the outcome. This reimbursement, of course,
only covers the actual cost of the items shipped. Within approximately one
week after the auction, Jambhala Antique will advise Purchasers of
recommended shipping methods or possible third party carriers. (Note: on
occasion, quotes from some of the third party carriers may take additional
time.)
