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180. Auktion Einzellose

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General auction conditions<br />

INTERNATIONALE AUKTION 180<br />

Which are also applicable exclusively without written<br />

acknowledgement upon submission of personal or written bids.<br />

1. The auctioneer acts in his own name for the<br />

account of his client, who remains anonymous (as<br />

commission agent).<br />

2. During the auction, the auctioneer reserves the<br />

right to combine or separate the lot numbers of the<br />

catalogue, to offer these out of sequence or to<br />

withdraw them.<br />

3. The items to be auctioned can be viewed prior to<br />

the auction. The catalogue descriptions are given to<br />

the best of our knowledge and belief and are no<br />

guaranties according to the Sale of Goods Act. The<br />

auction house accepts no liability for defects, insofar<br />

as it has complied with its duty of care. Apart from<br />

collections, the auction house does however engage<br />

to claim warranty rights from the supplier for justified<br />

claims, which must be notified to the auction house<br />

at the latest within one week of receipt of the item,<br />

within the 1 year period of limitation. In the event of a<br />

successful claim against the supplier, the paid<br />

purchase price, including the buyer’s premium, will<br />

be refunded. Any additional claim, including<br />

compensation for the costs of the claim, such as<br />

postage, inspection fees, etc., is excluded.<br />

4. Knockdown takes place to the highest bidder after<br />

it has been proclaimed three times. In justified cases,<br />

the auctioneer can refuse to knockdown or to award<br />

it subject to a proviso. The auctioneer can withdraw<br />

the knockdown and offer the item again, where a bid<br />

that was made in time was overlooked or where the<br />

highest bidder does not wish for his bid to stand, or<br />

where other doubts arise as to the knockdown. Where<br />

bids are made to the same value, a written bid has<br />

priority over a bid in the room. Telephoned bids must<br />

be subsequently confirmed in writing. The Auctioneer<br />

will accept no liability whatsoever for establishing the<br />

telephone connection or for the communication of<br />

bids – including those<br />

submitted by e-mail or via the internet. In the event<br />

of a knockdown subject to a proviso, until<br />

clarification with the supplier has been obtained, the<br />

bidder is bound by his bid for a minimum of six<br />

weeks; the same applies where bids lower than<br />

starting price are given and sales of unsold lots after<br />

completion of the auction. Bids such as “best” also<br />

rise by up to ten times the proclaimed price.<br />

5. Participation via the internet („Live-Bidding“) and<br />

use of the systems is limited by the auction houses<br />

equipment and the current technical state of said<br />

equipment. The auction house reserves the right to<br />

implement any changes to said equipment to<br />

improve the service provided. The participants accept<br />

that technical faults can occur and shall inform the<br />

auction house when this happens. The auction<br />

house/auctioneer shall not be liable for any<br />

disruption to the online connection nor for the<br />

10<br />

compatibility of the hardware and software used.<br />

Sellers and bidders have no claims against the<br />

auction house/auctioneer, if a bid or closure does not<br />

come through or is delayed.<br />

6. Upon knockdown being given, the risk for loss or<br />

damage beyond the control of the auctioneer, passes<br />

to the purchaser. Ownership of the purchased item<br />

only passes to the purchaser when complete payment<br />

has been made to the auction house.<br />

7. The obligation to accept arises with the knockdown.<br />

The items are to be received immediately after the<br />

auction. If the purchaser requires shipment within<br />

Germany, this shall be provided at his own expense<br />

and, insofar as he is also a businessman, at his own<br />

risk.<br />

8. The sale of auction lots is subject to differential<br />

taxation. The acquisition price forms the basis for<br />

calculating the premium to be paid by the buyer. A fee<br />

of €3 is charged per auction lot. No VAT is indicated<br />

for goods that are subject to differential taxation.<br />

For buyers in European Union countries: Consumers<br />

pay a standard premium of 25% plus lot fee, postage<br />

and insurance.<br />

For Traders (as defined in the German VAT Act –<br />

UStG) pay a premium of 25% on goods that are<br />

subject to differential taxation (this premium<br />

includes 19% VAT) plus lot fee, postage and<br />

insurance. In the case of goods that are subject to<br />

regular taxation, a premium of 21% is charged, plus<br />

19% VAT charged on the total sum of acquisition<br />

price, premium, lot fee and postage/insurance. The<br />

movement of goods within the EU can be exempted<br />

from VAT in accordance with statutory provisions.<br />

For buyers resident in third-party countries (outside<br />

the EU): Buyers pay a 21% premium plus lot fee,<br />

postage and insurance. If <strong>Auktion</strong>shaus Ulrich<br />

Felzmann GmbH & Co. KG exports the goods to<br />

third-party countries itself, the invoice will not<br />

contain VAT. If the goods are exported by the buyer<br />

him/herself or via a third party, VAT will be charged<br />

and reimbursed on presentation of the necessary<br />

proof of export.In all cases, the buyer him/herself will<br />

assume any import taxes or customs duties.<br />

A premium of 21% will be charged for gold coins that<br />

are exempt from VAT.<br />

9. The invoiced amount becomes due with the<br />

knockdown and is payable in cash or by means of a<br />

bank certified cheque. Payments by external<br />

purchasers, who have bid in writing or by phone,<br />

become due within one week of the date of invoice.<br />

Where the purchase is made for a third party, the<br />

bidder shall be liable together with the third party as<br />

a joint and several debtor.<br />

10.In the event of a payment delay or refusal to accept<br />

the acquired lots, the buyer shall lose his/her rights<br />

relating to the acquisition price. Interest of 1.5% per<br />

month shall be charged in the event of a payment<br />

delay. In addition, the auction house can demand, as<br />

it sees fit, fulfilment or, after setting a deadline,<br />

compensation for non-fulfilment. The compensation<br />

can also be calculated in such a way that the item is<br />

auctioned again in a further auction and the<br />

defaulting purchaser is liable for any reduced<br />

proceeds compared with the previous auction and<br />

the special costs for repeat auctioning, including the<br />

fees of the auctioneer. In the event that sold lots are<br />

not paid for in full within a maximum of three months<br />

after the original auction date, the Auctioneer shall<br />

invoice said purchaser for at least the forgone<br />

auctioneer’s fees as compensation for non-fulfilment.<br />

The onus shall be on the purchaser to demonstrate<br />

that the Auctioneer did not incur any damages or<br />

incurred damages of a significantly lesser degree than<br />

the amount in question.<br />

11. German law shall apply. This shall not affect any<br />

protection that is granted to consumers on the<br />

strength of more favourable regulations afforded by<br />

legislation in the state in which they are resident or<br />

habitually reside (favourability principle). Should one<br />

of these General Auction Conditions prove to be<br />

wholly or partly void, this shall not affect the validity<br />

of the remaining conditions. In this case, the invalid<br />

conditions shall be replaced by valid conditions that<br />

most closely approximate the commercial substance<br />

and intent of the invalid conditions. The same shall<br />

apply for legal loopholes.<br />

When texts are provided in several languages, the<br />

German version shall be binding in the event of<br />

differences of opinion. The place of fulfilment and<br />

jurisdiction for business transactions shall be<br />

Düsseldorf, Germany.<br />

12. The afore-mentioned conditions do also apply to<br />

any lot sale after the date of auction. The sale of<br />

unsold lots is only possible for a limited amount of<br />

time. A winning bid which has been awarded via<br />

online catalogue, an online platform, telephone,<br />

email, or any other form will only be considered<br />

binding upon receipt of an invoice. The surcharges<br />

are calculated in line with point 8 of these terms and<br />

conditions.<br />

13. If one of the above mentioned conditions shall be<br />

wholly or partly void, this shall not affect the validity<br />

of the remaining conditions. In case of any<br />

discrepancies between the German and the English<br />

language version of these General Auction<br />

Conditions as well as any lot description the German<br />

language version is relevant.<br />

Status: March 2023<br />

The Auctioneer

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