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Terms of Sale
DUANE MERRILL & COMPANY
AUCTIONEERS & APPRAISERS
AUCTION TERMS AND CONDITIONS OF SALE
PAYMENT Cash or approved check with dealer I.D. which must
be approved by the clerks. The clerks may require a current letter of credit
from your bank. All purchases must be paid for in full before the removal of any
item from the sales room. We allow no charge accounts. Canadian funds will be
accepted at our banks current exchange rate. Bad checks will be prosecuted to
fullest extent of the law. The auction house may at its discretion hold property
until funds have cleared.
SALES TAX Unless exempt by law the purchaser will be
required to pay the sales tax. Current rate is 5% percent.
BUYERS PREMIUMS:
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A buyers premium of 10% applied to cash or
approved check purchases will be added to
the successful bid price and is payable by the purchaser as part of the total
purchase price.
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A buyers premium of 13% applied to credit
card purchases will be added to
the successful bid price and is payable by the purchaser as part of the total
purchase price.
ALL GOODS ARE SOLD "AS IS" AND ALL SALES ARE FINAL WITH NO
IMPLIED OR EXPRESSED WARRANTY It is the responsibility of prospective
bidders to examine items and decide their level of interest. Neither the
auctioneer, consignor, or seller are responsible for the accuracy of any
printed, written or verbal description. PLEASE ATTEND THE AUCTION PREVIEW AND
EXAMINE THE ITEMS.
BUYERS RESPONSIBILITY On the fall of the hammer or in the
customary manner, title to the offered lot will pass to the highest bidder
acknowledged by the auctioneer, subject to the conditions set forth herein, and
such bidder there upon assumes full risk and responsibility for the article. Our
employees will exercise caution in handling the goods but do so at the buyer’s
risk.
CONTESTED BIDS In the event of any dispute between
bidders, or in the event of doubt on the part of us as to the validity of any
bid, the auctioneer will have final discretion either to determine the
successful bidder, or withdraw the lot, or to re-offer and resell the article in
dispute.
UNRESERVED AUCTION This is a legal term to show that the
items will be sold to the high bidder regardless of price, and that the owner
nor auction house has set No reserved or minimum selling price.
Note:
UNLESS THE ADVERTISEMENT OR TERMS STATE "UNRESERVED" THE AUCTION IS WITH
RESERVE.
OPENING & NOMINAL BIDS Small bids made with the purpose of
disparaging an item may be rejected by the auctioneer. The auctioneer reserves
the right to reject an opening bid that, in his opinion, is not commensurate
with the value of the lot. The lot will be passed.
POOLS are an association of dealers or collectors formed
with the purpose of keeping down auction prices for the benefit of its members.
They are illegal and under no circumstances will they be permitted. The
auctioneer may at his discretion bid on behalf of the seller or elect to
with-draw a lot if in his opinion a pool is operating.
FIREARMS SALES:
ALL FIREARMS ARE SOLD IN ACCORDANCE TO ATF REGULATIONS
Items may be withdrawn at any time prior to the offering of
each lot.
THE RECORD OF SALE kept by the auction clerks will be
taken as final in the event of any dispute.
ABSENTEE BIDS will be executed when possible as a
convenience to the customer. The auction house will not be held responsible for
any errors or failures to execute bids. The bid will be executed competitively. A
down payment may be required. We will notify the bidder if successful. The
decision to accept an absentee bid will be left to our discretion. Payment is
due upon notification of a successful bid. Packing and shipping may be arranged
as a courtesy and at the buyers expense. The auction house must have received
cleared funds to release absentee purchased property.
ABSENTEE BIDDERS must give lot number and
description of
item, amount of bid, day phone number, complete address and tax number. Bids
will be accepted up to 1/2 hour before the start of the auction - And
No Later.
PHONE BIDDING:
Phone bidding is
executed as a convince to the buyer. A minimum starting bid of
$500.00 applies when a phone line is requested to bid on a item. A down payment and
or credit card may be requested prior to sale. Payment is due upon
completion of sale. Packing & shipping arrangements may be arranged at the
buyers expense.
EXCEPTIONS to these terms or conditions of sale will be
announced at the start of the auction.
We take pride in our auction business and hope you enjoy our
auctions. We look forward to serving you and thank you for your attendance.
Sincerely Yours,
THE MERRILL’S AND STAFF
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