Klondike Auction

Klondike Auction

ATTENTION

Any antiquities will not be sent to bidders from ISRAEL and EGYPT.


GENERAL PROVISIONS

1. The Terms and Conditions for the execution of KLONDIKE online auction (hereinafter referred to as the Terms and Conditions) determine the procedure for organizing and execution of the online auction KLONDIKE (hereinafter referred to as the Auction).

2. Auctions are organized and executed by RT Numis s.r.o., legal entity established under the laws of Czech Republic ; legal entity code 17478979 (hereinafter referred to as the Organizer).

3. The purpose of the auctions is to sell to the Bidders numismatic, phaleristics items and paper money, as well as other items selected by the Organizer and provided to the Auction. Batches of these items are set at the Organizer's discretion and are referred to as a lot/lots. One lot consists of one or more items, specified in this paragraph of the Terms and Conditions, which are combined to a lot by the Organizer at his/her own discretion after assessing the interconnectedness and overall (collection) demand of the items.

4. Any person at least 18 years of age and legal entities (hereinafter referred to as the Bidders) can participate in the Auction.

5. Bidders cannot make any claims or objections to the condition of the lot/lots during the auction or payment for the purchased lot/lots referring to the fact that they have not been familiarized with them (lots) or because the Organizer did not provide information on the lots being sold at the Auction.


II. REGISTRATION OF THE BIDDERS

6. Bidder registration is free and must be completed in order to participate in the Auction and purchase the lot/lots.

7. Registration takes place on the Organizer’s webpage on the Biddr.com platform where a potential bidder (registrant) must provide his/her personal data, such as name, surname, as well as his/her contact information, such as email, to which the Bidder wishes to receive all information related to the organization and execution of the Auctions and a telephone number for the Organizer to contact the Bidder.

8. Bidder confirms that he/she is over 18 years of age.

9. Successful registration of a potential Auction Bidder shall be confirmed by a notice of the Organizer, which shall be sent to the Bidder’s email. This notice means that the person who has registered himself/herself becomes a Bidder and is aware of and, without exception, agrees that his/her personal data will be managed by the Organizer when organizing and performing the Auction. Successful registration of a potential Auction bidder also means that the Bidder agrees to all Terms and Conditions of the Auction organization and execution, including conditions of the payment and delivery of the purchased/won lot/lots, receipt of notices (including informational content thereof) by the Bidder’s email. The Bidder can unsubscribe to the Organizers’ newsletters at any time.

10. The Bidder is not advised to disclose his/her personal data and other data specified in Terms and Conditions (including username and password) to any third parties. The Bidder shall be responsible for the protection of these data. Any bet made using a username and password created by a Bidder shall be considered a Bidder’s bet. If the Bidder suspects that the username and password that he/she has created may have been accessed or disclosed to third parties, the Bidder should immediately inform the Organizer and Biddr.com who in turn take appropriate measures.

11. In order to submit bids for the Auction, the Bidder should obtain activation of his/her personal entry on the Organizer’s webpage.

12. The Organizer has the right to call by the telephone number specified by the Bidder. If the person who answers this telephone does not confirm all or part of the data provided by the Bidder in the course of his/her registration, the Organizer has the right to cancel the registration of such Bidder and shall not give access to the Auctions. The Organizer should cancel the Bidder’s registration if the voice of the person who answers the telephone gives doubts about the capacity of the potential Bidder, his/her age, etc.

13. The Organizer reserves the right to cancel the Bidder’s registration or prohibit further participation in the Auctions without any explanation.


III. TRADING AT AUCTIONS

14. The official language of the Auction is English. A Bidder can use a Web browser that automatically translate texts into the language the Bidder understands. Prices of the lot/lots are provided in Euro. The lot/lots shall be purchased in Euro.

15. By publishing the online Auction directory on Biddr.com, the Bidders permitted to bid can offer their prices (place bets).

16. The minimum auction step is provided in the table below:
Betting increase table
Price (from), in Eur- Price (to), in Eur- Step, in Euro
0.00 20.00 1.00
20.00 70.00 2.00
70.00 200.00 5.00
200.00 500.00 10.00
500.00 1000.00 25.00
1000.00 2000.00 50.00
2000.00 5000.00 100.00
5000.00 10000.00 250.00
10000.00 50000.00 500.00
50000.00 100000.00 1000.00
100000.00 And Up 5000.00


IV. TIME OF THE AUCTION

17. The Auction is announced on the Biddr.com Website. The announcement shall state as follow:
1. All lots to be auctioned with the starting price per lot.
2. Starting time of live betting at the Auction which means live bets on the first lot in the auction shall be accepted in real time from the specified time.

18. The time specified in paragraph 17.1 and paragraph 17.2 of the Terms and Conditions, as well as other time used in the Auction shall be given in hours and minutes or in hours, minutes and seconds. If the time is given in hours and minutes, all actions up to and including the last second of that minute shall be considered completed on time. If the time is given in hours, minutes and seconds, all actions up to the last thousandth of a given second (0.999) shall be considered as completed on time.

19. If no new bets are placed within 10 seconds of the live bets on the Auction, bets shall be no longer accepted and the lot shall be closed. If at least one bet (bid) has been received within 10 seconds of the start of the live bets on the Auction, the trading of that lot shall be automatically renewed for other 10 seconds from the time (moment) of placing this bid and during this additional time Auction Bidders can bid (offer prices per lot). The winner of this lot is the bidder who offered the highest price (highest bidder).

20. Bets on the other lots are completed (stopped) in a row, i.e. before bets on one lot are not completed, bets on the other lots are not completed (not stopped) as well. The time interval between closing lots is 10 seconds.

21. Due to technical problems caused by actions of third parties or force majeure that have affected the normal operation of the Website during the execution and closing of the Auction, the Organizer has the right to:
1. Cancel the Auction results.
2. Until the lot winner is announced, remove any lot from the Auction at his/her (the Organizer’s) discretion.


V. PARTICIPATION IN THE AUCTION AND ITS EXECUTION

22. To participate in the online auction, the Bidder should meet the following conditions:
1. If the Organizer remark the relevant page of the Website, the Bidder is entitled to participate in the Auction.
2. The Bidder has successfully completed his/her identity verification (authorization), i.e. has logged in to the Organizer’s Website by using his/her (the Bidder’s) own username and password.
3. The Bidder proceeded the lot/lots page that he/she is interested in.

23. The Bidders can make bets (increase bids) in live manner at the start of these bets at the Auction as specified in the Auction announcement. When placing bets (increasing a bid) in a live manner, the Auction Bidders use the Place Bid button on the Organizer’s webpage, clicking of which, as well as the actions of a Bidder described in paragraph 27 and paragraph 28 of the Terms and Conditions mean that a Bidder increases a bid (bets) in a live manner.

24. The Bidder unconditionally and irrevocably agrees to purchase the lot displayed at the Auction at the price announced by the Bidder. The Bidder also agrees with the commission fee and the delivery price of the winning lot set by the Organizer.

25. If the price is increased in live manner, the Bidder shall bid for the lot being sold, which cannot be lower than the initial sale price of this lot set by the Organizer.

26. Other Bidders can only offer a higher price per lot live but each bid increase shall be within the range specified in the column ‘Step, in Euro’ of the table as specified in paragraph 16 of these Terms and Conditions (hereinafter referred to as the Step). When placing bets live, the Auction Bidder can set a higher price increase interval than one Step. Until the end of the Auction, the same Bidder can increase the price for an unlimited number of times. The Auction shows the highest bid for the lot being sold at the time.

27. If the price is increased automatically (non-live), the Bidder shall indicate his/her highest bid price, which shall be equal or at least one Step higher than the starting lot price set by the Organizer or the higher price already offered by another bidder in the Auction. The interval for automatic (non-live) price increase is one Step. By automatically increasing the price, the Bidder at the Auction can set a higher price increase interval than one Step. If the price is increased automatically (non-live), the starting price offered by the Bidder shall be displayed, which shall remain until the other Bidder offers a higher bid for the lot. If the other Bidder offers a higher bid, the price of the Bidder who has set the automatic (non-live) price increase shall be automatically increased in the interval specified by this Bidder (by one or more steps) until the price of the other Bidder exceeds the highest price of the Bidder who bid automatically.

28. If the Bidder, who is bidding live, offers the same price as the other bidder who bids automatically (non-live), then the bid of the Bidder who has previously increased his/her bid live shall be shown and it shall become the bid of the lot being sold at that time. This price can be increased by offering a higher bid live or by bidding higher than the current maximum bid automatically (non-live).

29. A Bidder cannot reduce the bid previously set automatically. A Bidder who raises his/her bid live cannot lower the bid.

30. The Winning Bidder shall be the Bidder who offered the highest bid. The bid price of the winning Bidder and the commission set by the Organizer, as well as the standard lot delivery costs, shall be the final price paid by the winning Bidder.


VI. PAYMENT FOR WINNING LOTS, ISSUE AND DELIVERY OF WINNING LOTS

31. The Organizer’s commission fee is 20% of the maximum bid in the Auction.

32. The Winning Bidder should pay for the lot and the commission fee specified in paragraph 31 of the Terms and Conditions within 14 calendar days after the end of the Auction.

33. Payment shall be made at the choice of the Bidder by Wire Transfer to the Organizer’s bank account. Payment shall be based on the invoice issued by the Organizer in accordance with the results of the Auction.

34. Bidder that chose Wire Transfer as his payment method of choice, must accept all transfer fees to ensure the Organizer will receive the payment in full. Otherwise, it will be the Bidder’s responsibility to make up the difference.

35. If the Winning Bidder fails to pay the Organizer or agree with the Organizer regarding the postponement of the payment term in the procedure set forth in paragraph 32 of the Terms and Conditions, the Organizer can cancel the winning of such Winning Bidder. In the event of cancellation of the win, the Organizer shall declare the auction of this lot to be unsuccessful and can, at his/her own discretion, display the unpaid lot in other auctions or return the lot to its owner.

36. When sending the lot/lots to the Winning Bidder, the Organizer will use the dispatch delivery services provided by Czech Post, unless the Winning Bidder after the Auction, within 10 calendar days sends an email from his/her email to the Organizer’s email [email protected] to inform the Organizer about the other method namely:
1. Taken in person at the Organizer’s office.
2. By handing over to the person specified by the Winning Bidder. The Winning Bidder shall forward the personal data of the Winning Bidder to the Organizer by email. All risks related to handing over the lot/lots to the person specified by the Winning Bidder shall be borne by the Winning Bidder.
3. The Winning Bidder can choose the courier service himself/herself and notify the Organizer of it by email. The Winning Bidder email should include the name of the courier service and other details relating to the delivery of the dispatch to the courier service. All risks related to the dispatch (lot/lots) from the moment when it (the dispatch) was handed over by the Organizer to the courier service chosen by the Winning Bidder shall be assumed and arranged by the Winning Bidder.
4. The chosen courier service must have a representation in the Czech Republic.

37. The Organizer shall send a summary price of the insurance costs of the dispatch (lot/lots) to the Winning Bidder’s email. Insurance costs (prices) for each dispatch shall be calculated separately. Thus, upon delivery of a dispatch (lot/lots), lot/lots shall be fully insured against theft, damage and/or destruction. The dispatch with lot/lots shall be insured by the Organizer. The insurance contract shall enter into force and the delivery of a dispatch with lot/lots shall be started only after the Winning Bidder pays to the Organizer his/her specified price for the delivery services which includes the dispatch insurance and delivery costs.

38. After sending the lot/lots, the Organizer shall send a notification to the Winning Bidder’s email stating the details (registration number, etc.) identifying the dispatch.

39. Issue of lot/lots to the Winning Bidder or a person selected by him/her or the dispatch shall be started only after the Winning Bidder has paid the whole sum of the invoice issued by the Organizer.

40. In the event of any damage of the package, the Winning Bidder should immediately notify the Organizer of it and, together with the representative of courier service, draw up a report on the damage of the package.

41. Failure of the Winning Bidder to comply with the requirements set forth (i.e. if the violation of the package was found by the Winning Bidder in the absence of the courier service representative), the Winning Bidder (consignee) shall lose his/her right to the indemnity and shall be able to recover his/her damage only from the guilty individuals/persons who caused damage (if they are found by law enforcement agencies or the Winning Bidder independently).

42. If the parcel is insured in accordance with paragraph 39 of the Terms and Conditions, in the events of damage, irreparable destruction, theft and other similar cases, the Winning Bidder shall be indemnified only after the event has been recognized as insured and the Organizer has received the indemnity.


VI. ORGANISER’S GUARANTEES

43. The transfer of the lot/lots won by the Winning Bidder in any way to third parties shall result in the cease of the guarantees of the Organizer. The Organizer’s guarantee shall not be applied to coins in plastic capsules (SLABS). Such coins have the guarantee of GRADING companies.

44. Claims regarding the authenticity of the lot/lots purchased at the Auction can be submitted to the Organizer within 30 calendar days of the closing date of the Auction. When submitting a claim, the Winning Bidder should rely on the findings of at least two independent experts. These findings should include indisputable proof that the lot/lots are inauthentic (fake or counterfeit).

45. If the lot is found inauthentic (forged or counterfeit) by experts, the Winning Bidder should return the lot to the Organizer only in the condition the lot was on the day of the Auction. The lot/lots shall not be accepted by the Organizer if it is not in the same condition as it was on the day of the Auction. If coins, etc., were placed in plastic capsules (SLABS) on the day of the Auction, the Organizer shall not accept any claims from the Winning Bidder if coins or other items are removed (unpacked) from plastic capsules (SLABS) or that the integrity and tightness of these capsules (SLABS) were damaged.

46. The Organizer shall not accept any claims regarding the authenticity of the lot/lots purchased in the Auction if the inauthenticity (falsification) thereof is found by an expert examination which could not be carried out due to technical reasons prior to the Auction date or high costs of organizing and conducting the expert examination (e.g. necessary transportation of the item for the expert examination abroad, etc.) were not expedient.

47. The Winning Bidder shall not be entitled to claim for the damages that exceed the lot price paid to the Organizer and the commission fee set by the Organizer, nor shall he/she be entitled to claim any moral damage and other additional expenses incurred by the Winning Bidder.

48. The evaluation of the condition of the lot on the Website is subjective opinion of our expert (if the coin is packaged in a plastic capsule (SLABS), the evaluation of condition of the coin is presented on the plastic capsule (SLABS)). Such evaluation of the condition of the coin cannot be considered as a basis for any claim against the Organizer.

49. Any claims regarding the lot status, weight, authenticity, etc. related to the lots for which the final price of the lot in the Auction is between €1 and €100 (excluding commission set by the Organiser) shall not be accepted and analyzed due to inexpedience of the analysis, high costs of paying experts for work, etc.

50. Grouped lots and coin sets are sold as one piece. Claims for the parts of the items in grouped lots and authenticity for the individual coins contained sets and other types of the requirements (claims) shall not be accepted or analyzed.

51. A registered Bidder, who has access to the auctions planned by the Organizer and lots sold therein on the Website, can verify the authenticity of the lot/lots placed at the Auction before making a bet, contact the Organizer’s specialists and obtain detailed information, including detailed photos of the lots to be sold.


VII. CONCLUDING PROVISIONS

52. The Terms and Conditions are subject to the amendment at the Organizer’s discretion. Information on the amendment to the Terms and Conditions and other documents related to the Auction is posted on the website. For registered Bidders, information about the amendment specified in this paragraph of the Terms and Conditions may be additionally provided to the emails specified by the Bidders.

Klondike Auction