Bidding Increments
| From: | To: | Increment: |
|---|
| $0 | $4 | $1 |
| $5 | $99 | $5 |
| $100 | $299 | $10 |
| $300 | $499 | $25 |
| $500 | $999 | $50 |
| $1,000 | $2,499 | $100 |
| $2,500 | $4,999 | $250 |
| $5,000 | $9,999 | $500 |
| $10,000 | $24,999 | $1,000 |
| $25,000+ | | $2,500 |
Payment & Non-Payment
Payment - WE WILL NOT TAKE CREDIT CARD PAYMENTS OVER THE PHONE! ALL PAYMENTS MUST BE MADE THROUGH INVALUABLE, BANK WIRE, OR CASHIERS CHECK.
The buyer must pay the entire amount due (including the hammer price, buyer's premium, all applicable taxes and other charges) no later than 5 p.m. on the seventh (7) business day following the sale. Payment in U.S. dollars may be made with cash; bank check or cashier's check drawn on a U.S. bank; money order; or wire transfer unless other arrangements are made with Matthew Bullock Auctioneers Matthew Bullock Auctioneers reserves the right to hold merchandise purchased by personal check until the check has cleared the bank. The purchaser agrees to pay Matthew Bullock Auctioneers a handling charge of $50 for any check dishonored by Bank.
ALL NEW BIDDERS WITH INVOICES OVER $1000 MUST PAY VIA BANK WIRE OR CHECK
ALL INVOICES OVER $2500 MUST BE PAID VIA BANK WIRE
MATTHEW BULLOCK AUCTION GALLERY RESERVES THE RIGHT TO CHARGE YOUR CREDIT CARD ON FILE WITHIN 4 DAYS AFTER THE AUCTION FOR ALL OUTSTANDING INVOICES.
Due to credit card processing charges, In the event buyer desires to pay by using a credit card, a convenience fee equaling 2.5 % of the entire amount due shall be added to the buyer's invoice. 'We encourage you to pay by sending us a check or wire transfer to avoid the credit card convenience fee. Matthew Bullock Auctioneers will consider payment through Paypal only for domestic orders, owing to the extremely high service charges for international transactions.
Non-Payment - If we do not receive payment in full, in good cleared funds, within seven (7) business days following the sale, we are entitled in our absolute discretion to exercise one or more of the following measures, in addition to any additional actions available to us by law: (1) to impose a late charge of one and a half percent (1.5%) per thirty (30) days of the total purchase price, prorated to commence on the date of the sale; (2) to hold the defaulting buyer liable for the total amount due and to begin legal proceedings for its recovery together with interest, legal fees and costs to the fullest extent permitted under applicable law; (3) to rescind the sale; (4) to resell the property publicly or privately with such terms as we find appropriate; (5) to resell the property at public auction without reserve, and with the purchaser liable for any deficiency, cost, including handling charges, the expenses of both sales, our commission on both sales at our regular rate, all other charges due hereunder and incidental damages. In addition, a defaulting purchaser will be deemed to have granted us a security interest in, and we may retain as collateral security for such purchaser's obligations to us, any property in our possession owned by such purchaser. At our option, payment will not be deemed to have been made in full until we have collected funds represented by checks, or in the case of bank or cashier's checks, we have confirmed their authenticity; (6) to offset against any amount owed; (7) to not allow any bids at any upcoming auction by or on behalf of the buyer; (8)to take other action as we find necessary or appropriate.
After the Sale
Buyer's Premium - In addition to the hammer price, the InValuable buyer agrees to pay Matthew Bullock Auctioneers a buyer's premium of 22%, and the applicable sales tax added to the final total. BIDDERS THAT SUCCESSFULLY BID DIRECTLY WITH Matthew Bullock Auctioneers, THROUGH IN PERSON, ABSENTEE OR TELEPHONE BIDS, SHALL BE SUBJECT TO A 22% BUYER'S PREMIUM.
Liability
Condition Reports - Matthew Bullock Auctioneers is not responsible for the correctness of any statement of any kind concerning any lot, whether written or oral, nor for any other errors or omissions in description or for any faults or defects in any lot. Neither the seller, ourselves, our officers, employees or agents, give any representation, warranty or guarantee or assume any liability of any kind in respect of any lot with regard to merchantability, fitness for a particular purpose, description, size, quality, completeness, condition, attribution, authenticity, rarity, importance, medium, provenance, prior ownership history, or historical relevance. Except as required by local law any warranty of any kind whatsoever is excluded by this paragraph.
Purchased Lots - If for any reason a purchased lot cannot be delivered in the same condition as at the time of sale, or should any purchased lot be stolen, mis-delivered or lost prior to delivery, Matthew Bullock Auctioneers shall not be liable for any amount in excess of that paid by the purchaser.
Legal Ramifications - The rights and obligations of the parties with respect to these Conditions of Sale, the conduct of the auction and any matters connected with any of the foregoing shall be governed and interpreted by the laws of the jurisdiction in Illinois. If any part of these Conditions of Sale is found by any court to be invalid, illegal or unenforceable, that part shall be discounted and the rest of the conditions shall continue to be valid to the fullest extent permitted by law.
Discretion - Any and all of the conditions may be waived or modified in the sole discretion of Matthew Bullock Auctioneers
Buyer Pays Shipping Cost-Buyer pays for shipping, materials, handing, and insurance. All items will be packaged in house by the auction company to ensure proper packaging and to keep costs down.
Buyer Pays Shipping Cost-Buyer pays for shipping, materials, handing, and insurance. All items will be packaged in house by the auction company to ensure proper packaging and to keep costs down.
