IMPORTANT INFORMATION FOR INTENDING BUYERS
BUYER’S PREMIUM
WEEKLY AND MONTHLY AUCTIONS
The purchase price of each lot will be the hammer price plus a
buyer’s premium of 17.6% (incl GST) on the first $5000 of
each lot, then 11% (incl GST) on the balance of each lot purchased.
SEASONAL AUCTIONS
A flat 20% commission (incl GST) is applicable for all seasonal
auctions
OWNERSHIP
Leonard Joel acts solely as agent for the vendor and does not have
any ownership in any lot whatsoever.
PRE-SALE ESTIMATES
Leonard Joel publishes with each catalogue an estimated price range
for each lot. Any estimate given by Leonard Joel whether written
or oral is a matter of opinion as to the price expected at auction
and is intended as a guide only. Estimates are prepared well in
advance of auction and are subject to revision. Estimate prices
do not include the buyer’s premium.
RESERVES
The reserve is the minimum price the vendor is willing to accept
at auction. The reserve amount is confidential and in most cases
will not exceed the low pre-sale estimate.
PAYMENT, COLLECTION AND STORAGE OF PURCHASES
All items purchased must be paid for in full together with the
buyer’s premium and any other charges incurred, and collected
within three (3) working days of purchase. Payment can be made by
credit card (Bankcard, MasterCard or Visa), cash, bank cheque, personal
cheque (by prior arrangement with Leonard Joel). Any purchases
uncollected within three (3) working days of the sale may be moved
to a commercial storage facility or stored at Leonard Joel, which
would attract a commercial
storage fee commencing from the date of purchase. The packing and
handling of purchases is entirely at the expense of the buyer.
INSURANCE
It is the responsibility of the buyer to cover by insurance all
items purchased from the time of the fall of the hammer.
CONDITION REPORTS
Condition reports both verbal and written may be provided by Leonard
Joel upon request. The opinions expressed in the condition reports
are a guide only and should not be treated as a statement of fact.
Prospective buyers are encouraged to inspect articles for sale at
our pre-sale viewing where Leonard Joel staff are available for
advice.
BIDDING AT AUCTION
It is the intention of Leonard Joel to provide buyer’s numbers
for bidding at each auction. These are available during viewing
times and during the auction from reception.
ABSENTEE BIDDING
Absentee bidding is offered by Leonard Joel as a complimentary
service for the convenience of prospective buyers who are unable
to attend an auction in person. All written instructions for absentee
bidding must include the lot number, item description and bid amount
together with the prospective buyers name, address and telephone
numbers during business hours. Bids can be registered via facsimile
or email (refer to back of catalogue for absentee bidding form).
Unlimited bids will not be accepted. In the event of identical bids
the first bid received will take precedence. All buyers are notified
when bids are successful and must pay and collect as per Payment,
Collection and Storage of Purchases as set out above.
Leonard Joel accepts absentee bids without legal obligation of
any kind and will not be held responsible for any losses arising
from missed bids.
TELEPHONE BIDDING
Telephone bidding can be pre-arranged with Leonard Joel. All applications
for telephone bidding must be arranged at least six (6) hours prior
to the commencement of the session of the auction. The allotment
of resources for telephone bidding is strictly limited and Leonard
Joel reserves the right to refuse any application for telephone
bidding. Leonard Joel accepts telephone bids without legal obligation
of any kind and will not be held responsible for any losses arising
from missed bids.
AUSTRALIAN PROTECTION OF MOVEABLE CULTURAL HERITAGE ACT 1986
Leonard Joel can advise buyers on the Australian Protection of
Moveable Cultural Heritage Act 1986. It is the responsibility of
the buyer to obtain the necessary permit if necessary for the item
to be exported.
VALUATIONS
Leonard Joel are approved valuers to the Australian Government
and offer comprehensive written valuations for Insurance, Market,
Probate and other purposes with absolute discretion and security.
Appraisals can be arranged by telephoning our office and arranging
a suitable appointment time. Fees for valuations may be refundable
should those items be offered for auction at Leonard Joel within
twelve (12) months from of the date of valuation.
CONDITIONS OF SALE
- The highest bidder shall be the buyer. In the event of any dispute
as to the bidding in respect of any lot, that lot may be offered
again at the discretion of the auctioneer whose decision shall
be absolute and final.
- The auctioneer has the right to:
- Refuse any bid
- Advance the bidding at his absolute discretion
- Place a reserve on any lot
- Place a bid or bids on behalf of the vendor
- Withdraw any lot from sale
- Require a successful bidder to pay forthwith the whole or
any part of the purchase price
- The auctioneer acts only as the agent of the vendor and neither
the auctioneer nor the vendor shall be responsible for any defects
or faults in any lot or for any errors of description or for genuineness
or authenticity of any lot and no compensation shall be paid in
respect of same. From the time of the lot being sold such lot
will be the responsibility of the buyer.
- Notwithstanding any other terms and conditions, if within fourteen
(14) days after the sale, Leonard Joel shall receive from the
buyer notice in writing accompanied by the written opinion of
two (2) competent experts or authorities that the property is
a forgery and not later than seven (7) days after such notification
the buyer returns the property to Leonard Joel in the same condition
as at the time of sale and satisfies Leonard Joel that the property
is a forgery, the purchase price shall be refunded.
- Each lot shall be paid for in full together with any other charges
incurred and removed at the buyers expense not later than three
(3) working days after the date of purchase failing which the
auctioneer and/or the vendor shall have the right to resell the
lot either by public or private sale and any deficiency on and
costs of resale shall be borne by the defaulting buyer.
- Lots purchased may not be removed until payment in full has
been made to Leonard Joel.
- The purchase price of each lot will be the hammer price plus
a buyer’s premium of 17.6% (incl. GST) on the first $5000
of each lot, then 11% (incl. GST) on the balance of each lot purchased.
- All items purchased must be paid for in full together with the
buyer’s premium and any other charges incurred, and collected
within three (3) working days of purchase. Any purchases uncollected
within three (3) working days of the sale will attract a commercial
storage fee commencing from the date of purchase. The packing
and handling of purchases is entirely at the expense of the buyer.
- Some descriptions in the catalogue make reference to damage.
This information is provided for guidance only and absence of
such a reference does not imply that a lot is free from damage
and/or restoration, nor does any reference imply the absence of
other faults.
- Jewellery and watches offered by Leonard Joel are sometimes
accompanied by an Independent Valuation as stated in the catalogue.
These valuations are conducted by registered valuers and are offered
purely as independent opinions. Variation may be found as to the
colour, clarity and size of stones described in these reports,
consequently Leonard Joel does not guarantee these Independent
Valuations. Wristwatches and pocket-watches are offered in their
current condition and Leonard Joel does not guarantee that they
are in working order. Items may be thoroughly inspected during
the viewing period or by prior arrangement.
GOODS AND SERVICES TAX
Leonard Joel’s ABN is 19 417 590 761
Leonard Joel conducts all auctions on a GST inclusive basis
therefore GST will only be added to the buyer’s premium
and vendor’s commission charges.
Items marked in the catalogue with the dagger (†) symbol
indicates that the lot is being offered on behalf of as GST
registered source.
Leonard Joel will supply all buyers and vendors with appropriate
tax invoices as per Australian Taxation Office guidelines.
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CATALOGUING TERMS
- The first full name (s), surname and birth and death dates
of the artist
In our opinion a work of the artist
- The initials of the first name (s) and the surname of the
artist
In our opinion a work of the period of the artist, which may be
wholly or in part the work of the artist
- The surname of the artist
In our opinion a work of the school or by one of the followers
of the artist’s style
- The work ‘AFTER’ associated with the surname
of the artist
In our opinion a copy of the work of the artist
- Bears signature
Has a signature, which in our opinion might be the signature
of the artist
- Attributed
Following the name of the artist in our opinion probably a
work by the artist in whole or part
- Catalogue Details
Paintings are measured height by width (sight size)
Note: Illustrated works should be considered as a guide only and
may not be a true representation of colour or condition. |
