Timed Auctions Conditions of Sale

  1. ALL PERSONS INTENDING TO BID MUST BE REGISTERED THROUGH THE GFL FINE ART WEBSITE UNDER THEIR LEGAL NAME AND ADDRESS. Upon registration and from the first instance of bidding on any Lot in GFL Fine Art’s Timed Auction you (the Buyer) acknowledge that you are entering in to a legal and binding contract and in doing so accept the Conditions of Sale outlined in this article.
  2. GFL Fine Art can act as agent for the seller and a seller in its own right.
  3. The Buyer is required to pay to GFL Fine Art a Buyer’s Premium based on a percentage of the total of the winning bid.  This Buyer’s Premium is 16.5% (including GST).
  4. The highest bidder shall be the Buyer. In the event of a dispute as to the bidding of any Lot, that Lot may be offered again at the discretion of the Auctioneer whose decision shall be absolute and final.
  5. The bidding increment will be set at the discretion of the Auctioneer based on the Lots estimated value prior to the auction. No person may retract his or her bid after once made.
  6. The purchase price including the Buyer’s Premium shall be paid within 48 hours of receiving the invoice.
  7. Whilst every care has been taken in any representation or statement in any catalogue, advertisement or brochure as to the authorship, origin, date, age, period, attribution, genuineness, provenance, condition, quality, or estimated selling price of any Lot is a statement of opinion only.  The Auctioneers and/or Vendors accept NO RESPONSIBILITY for any misdescription and make no warranty whatsoever. Measurements are approximate and intended only as a guide to prospective purchasers.
  8. Any illustrations are solely for the guidance of prospective Buyers and are not to be relied upon in terms of tone or colour or necessarily to reveal imperfections in any Lot. Intending bidders must satisfy themselves by inspection or otherwise as to the nature of the Lot and must accept same with all faults, patent or latent (if any).
  9. No allowance or refunds will be made, nor will any Buyer be permitted to reject any Lot on the grounds that it is not correctly described. The said Lots are to be taken with all faults (if any) and will be at the Buyer’s risk upon the conclusion of the Timed Auction and thereafter the Vendor will be free of all responsibility for safeguarding the goods and will not be liable for any loss or damage to the goods sold, whether such loss or damages caused or contributed to by any act, neglect or default of the Vendor, its Servants, Employees or Agents.
  10. Notwithstanding any other terms and conditions, if within twenty eight (28) days after the sale, GFL Fine Art shall receive from the Buyer notice in writing accompanied by the written opinion of a competent expert or authority, that the property is a forgery and not later than seven days after such notification the Buyer return the property to GFL Fine Art in the same condition as at the time of sale and satisfies GFL Fine Art that the property is a forgery, the purchase price shall be refunded.
  11. Upon the Purchaser failing to comply with any of the above conditions all moneys received in part payment shall be absolutely forfeited to the Vendor, and all Lots uncleared may be resold by Public Auction or Private Contract and the deficiency (if any) on such resale, together with all costs and charges attending, shall be made good by the defaulter at the sale.
  12. All goods which have been paid for in full must be removed by the Purchaser at the purchaser’s expense. Either by the Purchaser’s personal method of collection, Purchaser’s preferred courier, or GFL Fine Art’s provided shipping method at the Purchaser’s expense.
  13. Time shall be the essence of the sale of any Lot.
  14. Terms strictly require settlement of account before delivery.
  15. The Buyer is wholly responsible for any damage to property or injury to persons incurred during the removal of a Lot or Lots purchased, including damage or injury caused by their agents or employees.