Bidding Increments
| From: | To: | Increment: |
|---|
| $0 | $19 | $1 |
| $20 | $49 | $2 |
| $50 | $99 | $5 |
| $100 | $299 | $10 |
| $300 | $499 | $25 |
| $500 | $999 | $50 |
| $1,000 | $4,999 | $100 |
| $5,000 | $9,999 | $250 |
| $10,000+ | | $500 |
Terms of Sale
Gateway Gallery Auction Inc. will offer the property described in catalog, salesroom notice or by announcement, for sale on behalf of various consignors. Unless otherwise indicated, Gateway Gallery Auction Inc. will offer all property as agent for the seller. These TERMS AND CONDITIONS OF SALE set forth below constitute the complete and exclusive statement of the terms and conditions on which all property is offered for sale. Gateway Gallery Auction Inc. reserves the right to vary terms of sale and any such variance shall become a part of these conditions of sale. By bidding at auction, whether present in person or by agent, by written bid, telephone or other means, the buyer agrees to be bound by these conditions of sale.
1. Valid Photo ID and telephone number are required for customer to secure bid number.
2. The auctioneer will be the sole determinant as to who is the successful bidder. The auctioneer has the right to reject any bid. In the event of any dispute, under extreme circumstances, the auctioneer has the right to reopen bidding on a sold lot.
3. Once an item is sold by the Auctioneer, the buyer assumes full risk and responsibility for said items. Gateway Gallery Auction is not responsible for lost or stolen merchandise.
4. Everything is sold "as is".
5. All sales are Final.
6. Gateway Gallery Auction has endeavored to provide accurate descriptions and representations of the listed items. Gateway Gallery Auction will not be held liable for any errors as to the manufacturer, origin, time period, authenticity or conditions stated. Neither seller nor auctioneer guarantees the authenticity, validity or condition of any lot. We reserve the right to make any and all verbal corrections and provide additional information from the podium, day of sale.
7. A buyer's premium will be charged.
8. All items purchased today must be paid for today, unless other arrangements are made at the front office.
9. Audio recordings are made of the auctioneer at each auction. Any dispute over bid price, condition or terms given by auctioneer will be settled by reviewing the audio. The auctioneer's word is final.
10. Surveillance cameras are positioned in the lobby and all galleries. Shoplifters will be prosecuted.
Participation Requirements
Payment Policy
11. Unless exempted by law, all purchases are subject to a 6% Pennsylvania state tax (this is also applicable to out-of-state buyers who pick up their purchases in Pennsylvania). PA law requires that ALL DEALERS must have a current signed PA Department of Revenue Sales and Use Tax Certificate of Exemption on file with us (required annually for in-state; per auction for out-of-state)
12. 13% Buyer's Premium will be charged for in house bidders and online bidders using our website. 20% Buyer's Premium for bidders utilizing Invaluable or AuctionZip. Buyer's Premium discounted to 10% for cash or approved check for in-house bidders.
13. Acceptable forms of payment are cash (in house only), approved check, bank wire transfer, MasterCard/Visa/Discover, or personal check if customer is known to Gateway Gallery Auction Inc. We reserve the right to require bank checks for purchases over $5000.00. Online bidders may pay through PayPal or the online invoicing system WePay provided by Invaluable/AuctionZip.
14. Buyers not known to us who wish to write a check must provide a "letter of guarantee" from an officer of your bank on original stationary to Gateway Gallery Auction. This letter should state an exact amount of funds guaranteed and should be presented to the cashier at the time of registration. Credit arrangements must be made prior to the day of auction so bank statements can be verified. We reserve the right to not issue a buyer's number or to withhold merchandise if appropriate credit has not been verified.
15. All deliveries are subject to "good funds"; funds being received in Auctioneer's account before delivery of the Purchases; and all payments are subject to a clearing period. Auctioneer reserves the right to determine if a check constitutes "good funds". Checks drawn on a US bank are subject to a ten business day hold, and thirty days when drawn on an international bank.
16. All returned checks are subject to a $50.00 service charge.
17. Any accounted not paid in full within 30 days of the sale date will be subject to a 2% monthly finance charge. The purchaser shall be liable for all fees and costs associated with the collection of balance due, including attorney fees.
Buyer's Premium
A total buye'rs premium of 18% will be adding to ALL bidders utilizing remote online bidding. In house (floor bidders) will be charged at 13% buyer's premium discounted by 3% for cash or pre-approved check.
Sales Tax
6.000% - Tax may apply to the total invoice, NOT including Buyer's Premium
AS IS Condition
All property is sold "AS IS/WHERE IS" with no warranties expressed or implied. Property is open to thorough public inspection. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Gateway Gallery may attempt to describe the merchandise in advertising, on the Internet and at the auction but makes no representations. In no event shall Gateway Gallery be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidders who bid from off site and are not present at the live auction or preview understand and acknowledge that they may not be able to inspect an item as well as if they examined it in person. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Gateway Gallery will not be responsible for any errors or omissions in the description of the merchandise unless it is a material and intentional misrepresentation of the item itself. Bidder agrees that everything is sold as is and that they may not return any item they purchase. Comments coming from the auction block supersede any printed material. All sales are final. We urge you to satisfy yourself for authenticity, condition and age prior to bidding
Shipping Instructions
Shipping Policy
32. Lots won will be shipped in a reasonable time after payment in good funds for the merchandise and shipping fees is received.
33. Purchases held until "good funds" are received will be shipped via USPS Priority Mail. Buyer is liable for shipping and handling fees.
34. We provide limited packing and shipping for small, easy to box items. Items packed by our staff will be shipped USPS Priority Mail, insured for bid price of item. Minimum shipping & handling fee is $20. Buyer is responsible for ALL packing and shipping costs.
35. Gateway Gallery Auction assumes no responsibility for acts or omissions in such packing or shipping by Gateway staff or other packers or carriers, whether or not recommended by Gateway Gallery Auction Inc.
36. Buyer's purchasing large lots, heavy or odd size items or items that we cannot readily pack in house, are responsible for arranging shipping of their items. Payment for shipping is made directly to the shipper. All packing/shipping costs are the sole responsibility of the buyer. Purchases will be released to the shipper when they are paid in full to Gateway Gallery Auction.
37. Please notify us within one business day if you wish to arrange pick-up of your items.
