After that time, however, we reserve the right to transfer any remaining items to a public warehouse at your risk and expense. The Virginia sales tax is calculated as 6% of the purchase price.Īlthough you are encouraged to take your property with you the day of the auction, items may be left on our premises for up to two working days after the sale. The sum of the buyer's premium and the hammer price equals the purchase price.
Cobalt blue vase plus#
You must then pay the hammer price plus the buyer's premium and Virginia sales tax, as applicable.
Cobalt blue vase full#
At that time, you assume full risk and responsibility for the items you have purchased. If you are the buyer of the lot, title to the items in the lot passes to you as soon as the Auctioneer's hammer falls. Bidders may submit absentee, internet, and telephone bids until 12:00 pm Alexandria Time the day before the auction.Īny bids placed online will be subject to Invaluable's online bidding fee equal to 5% of the hammer price, in addition to The Potomack Company's 25% buyer's premium. The Auctioneer reserves the right to reject any opening bid (or advance from an accepted opening bid) that he believes, in his sole discretion, is not commensurate with the value of the lot or that does not meet the reserve, and withdraw that lot from sale.Īlthough we are happy to accept your absentee, telephone, and internet bids, we will not be held responsible for any errors or failure to properly execute such bids. In the event that a dispute arises after the end of the sale, our sale record shall be conclusive. The Auctioneer has the sole right to re-offer any lot and/or settle disputed bids. The highest bidder acknowledged by the Auctioneer at the time his hammer drops will be the buyer of the lot. We reserve the right to reject any bid for any reason. The buyer's premium is equal to 25% of the hammer price (an additional 5% is added by Invaluable for online bidding). Given the high volume of requests for condition reports, however, we must reserve the right to limit such requests to those items with a pre-sale estimate of more than $500.Ī buyer's premium will be added to the hammer price of each lot sold. Although we do not include condition reports in this catalogue, our representatives are happy to assist you in determining the condition of items that you are interested in as they are able. We strongly encourage you to come and examine lots that you are interested in purchasing. In any event, any liability that The Potomack Company has for such a sale is limited to the purchase price of the item sold. a registered bidder) and does not extend to any subsequent purchasers. This guarantee is made only to the original buyer (i.e. If a buyer gives us notice within 14 days of the sale that an item that was purchased was a counterfeit and, within 7 days of such notice, provides a written report from an authority that demonstrates that the item was indeed counterfeit and that a fair reading of the catalogue description and the auctioneer's statements at the time of the sale did not indicate this, then The Potomack Company will rescind the sale and refund the purchase price to the buyer. A counterfeit for this purpose is defined as a modern fake or forgery that was made with the intent to deceive. Notwithstanding the preceding paragraph, The Potomack Company does offer a limited guarantee that items that are offered for sale are not counterfeit, unless otherwise noted in the catalogue or at the time of the sale.
No statement in the catalogue, made at the sale, or otherwise, shall be construed to be a representation, warranty or admission of liability. Neither the Auctioneer nor The Potomack Company or its representatives is responsible for the accuracy of any printed or verbal communications and descriptions. Neither The Potomack Company nor the consignor makes any representations or warranties of any kind concerning any items offered for sale. The Auctioneer will only recognize bidders who have a number so you will not be able to bid for a lot without one.Īll items that are sold at our auctions are sold 'as - is'. In order to bid, you will need to register with a Potomack Company representative and obtain a bidding number. The Potomack Company Terms and Conditions of Sale and Limited Guaranteeīy bidding on items at our auction, you agree to accept the following conditions:
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