CONDITIONS OF BUSINESS
PART I: TERMS FOR BUYERS
- As-Is Condition: All lots are sold as-is. Catalog descriptions and condition reports are for guidance only and do not constitute a legal guarantee of authenticity or quality.
- Buyer’s Premium: A premium (e.g., 15%-25%) will be added to the hammer price as stated in the auction notice.
- Taxation: A 13% Harmonized Sales Tax (HST)applies to all purchases and commissions unless a valid tax exemption is provided or the item is shipped directly overseas by the Auctioneer.
- Payment: Payment must be made in full within 7 business days via wire transfer, certified check, or approved cards before collection.
PART II: TERMS FOR CONSIGNORS - Warranty of Title: The consignor warrants absolute ownership and the legal right to sell. They shall indemnify the Auctioneer against any claims regarding the title.
- Professional Standards: The Auctioneer retains final authority over descriptions, layouts, and formatting.
- Reserve Price: The reserve is the confidential minimum price agreed upon between the consignor and the Auctioneer.
PART III: GENERAL TERMS - Governing Law: These conditions are governed by the laws of Ontario, Canada. Any disputes shall be settled in the courts of Toronto.
- Privacy & AML: Client data is handled according to PIPEDA standards. The Auctioneer complies with Canadian Anti-Money Laundering (AML) regulations for high-value transactions.