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teRm and Condition right to withdraw, add, group or divide or credit card. Payments will not be ac-
of sale lots, as well as the right to refuse a bid in cepted from par ties other than the buyer.
interest will be charged on delayed pay-
the saleroom or a commission bid.
6 – Purchase price ments at the rate of 0.5% monthly, sub-
1 – introduction a commission in favor of aste Bolaf fi will ject to variation, on all amounts not paid
these general conditions, together with be charged to the buyer, in addition to within the regular terms.
the special notices regulate the sale at the hammer price, as follows: aste Bolaf fi may grant possible exten-
auction and/or private negotiations of Classic motor vehicle auctions: the Buy- sions of payment terms on the basis of
the lots transferred to aste Bolaf fi S.p.a. er shall pay a 15% premium on hammer agreements which will have to be formal-
(hereinaf ter “aste Bolaf fi ”). lots put up price for each lot. ized, in any case, prior to the auction. if
the buyer fails to make payment within
for auction are the proper t y of the con- numismatic and philatelic auctions: the thir t y (30) days end of month payment
signors, who have guaranteed their com- Buyer shall pay the following premium on term, the auction house shall be entitled
plete availabilit y and legitimate and legal the hammer price: to rescind the sale in accordance with
provenance. aste Bolaf fi acts exclusive- On first € 250.000 22% the ar t. 1456 of the civil code by giving
ly as a representative of the individual From € 250.001 to € 500.000 20% writ ten prior notice to the purchaser,
consignors, in its own name and on their an then 18% from € 500.001. with reser ve of any fur ther right and ac-
behalf. the consignor guarantees the au- all other auctions: the Buyer shall pay tion for compensation for any damages
thenticit y of each lot of fered in the cat- the following premium on the hammer arising from non-fulfilment. any amount
alogue, without hidden defects unless price: paid by the purchaser as par t of the total
other wise stated in the catalogue and/or On first € 100.000 25% price prior to the cancellation of the sale
by the auctioneer. any indication of the From € 100.001 to € 250.000 22,5% will be applied by the auction house as
state of preser vation of the lots is not to From € 250.001 to € 500.000 20% a compensation in accordance to the ar t.
be considered binding. an then 18% from € 500.001. 1526 of the civil code, with reser ve of any
2 – images 7 – lots with additional vat fur ther damages.
the copyright in all images, illustrations lots with ± symbol are invoiced
and writ ten material produced by or for dif ferently and have a dif ferent 10 – storage and shipment
aste Bolaf fi relating to a lot or to a spe- buyer's premium on hammer price which until the full price has been paid and
cific contents of this catalogue, is and var y depending on where the item is until deliver y, lots are held in storage
shall remain at all times the proper t y of shipped. on the premises of aste Bolaf fi and in-
aste Bolaf fi and shall not be used by the -Goods that remain within Ue sured with adequate coverage at the
buyer, nor by anyone else, without aste 1. Buyer's premium of 15% (classic motor expense of aste Bolaf fi. On request, af-
Bolaf fi prior writ ten consent. vehicles) 18% (all other categories). ter payment has been made, lots can be
2. Vat on hammer price at the following shipped by insured parcel post at the risk
3 – Participation in the saleroom and expense of the buyer. the possible
aste Bolaf fi reser ves the right to request rates: expor t duties are also for the account of
information from the par ticipants in the • books 4% the buyer. any expor t requests will be
bidding as regards their identit y and bank • stamps 10% made by the auction house on behalf of
references, as well as the right to refuse • all other categories 22% the buyer to the appropriate government
undesirable elements entr y to the sale- 3. Vat payable at 22% on buyer's premium of fices. the buyer will be required to pay
room. if the par ticipant is acting in the -Goods that are shipped outside Ue all costs on receipt of the invoice.
name and on behalf of another physical Buyer's premium is the same as
or legal person, a valid power of at torney that one applied in case of Vat 11 – exportation of lots
must be exhibited prior to the auction. margin (see paragraph 6). custom duties and expor t costs are for
the account of the buyer. Requests to
vat RefUnds
4 – Participation by correspondence, Private clients residing outside europe issue cer tification of free circulation for
telephone link, online may obtain a refund of the Vat on the expor t, in accordance with the legislative
By signing and submit ting the special hammer price by presenting an of ficial provisions in force on the subject, must
forms, the par ticipant agrees to par- document (customs form) that proves that be made to the appropriate government
ticipate in the auction referred to and the goods will leave the european union of fices by the auction house on behalf of
under takes to pay the purchase price within 90 days of deliver y. Non-resident the buyer. the buyer is required to pay
hammered if his/her of fer(s) should be clients required to pay Vat, who reside the expenses on receipt of the invoice.
successful. the par ticipant also takes in other eu countries or outside the eu, approximately 10/12 weeks are necessar y
responsibilit y for ascer taining, af ter the may request a refund of the Vat on the to obtain authorization for expor t.
auction, whether his/her of fer has been hammer price, as well as of the Vat at lots impor ted according to the rules of
successful, relieving aste Bolaf fi of any 22% calculated on the auction commis- temporar y impor tation E are not cov-
liabilit y in that respect. claims due to sions, by presenting an of ficial document ered by the relative provisions of italian
negligence or error in filling out writ ten (cMR or customs form) proving that the law concerning the cultural heritage. For
of fers by mail will not be accepted. aste goods will leave italy or the european this reason it will not be necessar y to is-
Bolaf fi has no liabilit y toward those who union within 90 days of deliver y. in case sue cer tification of free circulation. the
par ticipate in the auction by telephone of shipment of the goods outside italy by lots cannot be withdrawn by the buyers,
link and/or online in case of failure to the auction house, the refundable Vat as but will have to be shipped by the auc-
par ticipate due to possible problems that detailed above will not be included in the tion house.
may occur during or prior to the tele- invoice.
phone and/or internet connection. 8 – lots being sold under temporary im- 12 – Condition reports
the lots are sold “as is”. catalogue de-
5 – Bids portation rules scriptions as well as any other indica-
lots are awarded to the highest bidder. the symbol E af ter a lot number indi- tion or illustration regarding the lots, are
aste Bolaf fi –reser ves the right to cancel cates that it is sold in accordance with purely statements of opinion and are not
the award in case of possible contesta- the temporar y impor tation procedure. to be relied upon as statements of war-
tions. No bids will be accepted for any lots purchased according to the rules rant y. Potential buyers are encouraged to
lot below its star ting price. No “without of temporar y impor tation E cannot be inspect the lots in person or through a
limit ” bids, or “upon examination” bids withdrawn directly by the buyer, but knowledgeable representative during the
or bids which combine t wo or more lots will have to be shipped, af ter closing the pre-auction viewing in order to assess
will be accepted. the star ting price is the temporar y impor tation process, by the their authenticit y, preser vation, prov-
price indicated as the base price, unless auction house. enance, qualit y and any defects. On re-
dif ferent, higher of fers have been re- 9 – Payment quest and for guidance only, aste Bolaf fi
ceived, in which case the star ting price upon sale of a lot, if present in the sale- provides condition repor ts that can add
will be that of the increment subsequent room, the buyer shall pay the purchase more information to the catalogue de-
to the next to last of fer. (in case of iden- price promptly to aste Bolaf fi on deliver y scriptions.
tical commission bids, the first to arrive of the lot. if bidding via telephone, writ- Rare books and autographs auction: the
will receive precedence, and in any case ten form, or online, the purchase price buyer shall not be entitled to dispute any
these take precedence over equal of fers shall be paid within 7 days of receipt of damage to bindings, foxing, wormholes,
made in the saleroom). the size of incre- the invoice. Payments may be made in trimmed pages or plates or any other de-
ments will be regulated at the auction- cash, within the limits established by fect af fecting the integrit y of the text
eer's discretion. the minimum increment law, by cer tified and/or personal check and /or its illustration including: indexes
will be € 25. the auctioneer reser ves the of plates, blank pages, inser tions, supple-
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