Rumsey Auktionen

Bidding

I. All bids (whether by floor bidders, mail bidders, or telephone bidders)
will have a premium of 18% added to the auction sale price.
II. All bids are per lot as numbered in the catalog unless otherwise
announced by the auctioneer at the time of sale. The right is reserved to withdraw
any lot prior to sale, to divide a lot, or to group two or more lots, or to act on behalf of
the seller. Schuyler Rumsey Philatelic Auctions, Inc. will execute bidding
instructions on behalf of clients, but will not be responsible for any errors in the
execution of such bids. Schuyler Rumsey Philatelic Auctions, Inc. is not liable for
bidding errors related to live auction internet bidding and/or the loss of internet
connection during the live auction.
III. The highest bidder shall prevail; lots are sold at one increment over the
second highest bid. Should any dispute arise between bidders, the decision of the
auctioneer as to the successful bidder and the reoffering or resale of the lot under
dispute shall rest entirely on the judgment of the auctioneer. The auctioneer shall
regulate the bidding and reserve the right to refuse any bid believed by him not to be
made in good faith.
IV. Consignor has and retains the right to bid personally, or by his duly
appointed agent, through the auctioneer, unless the sale is advertised and announced
as one restricting such bidding by consignors or their agents.
Payments of Purchases
V. FLOOR BIDDERS. Floor bidders shall furnish the auctioneer their
names and addresses prior to bidding on any lot. The name and address of the buyer
of each lot shall be registered with the auction house following the sale of each lot.
Payment of the whole purchase price shall be made by the floor buyer in such
manner as the auctioneer may determine. Special credit arrangements must be made
prior to the sale.
VI. MAIL BIDDERS. A successful mail bidder will be notified of lots
purchased and must remit payment before the lots are sent. Auction bills are due and
payable upon receipt of notification. If buyer's payment is not received within ten
(10) days, Schuyler Rumsey Philatelic Auctions, Inc. may resell all lots without
notice. Any and all losses incurred as a result of resale will be passed on to the
defaulting buyer. Cost of postage, registration, etc. will be charged to buyer. Proof
by the auctioneer of receipt of sending at the advised address shall constitute
delivery.
VII. DIRECT DRAFTS/TRANSFERS. A successful mail bidder known to
us may contact our office at (415) 781-5127 for the information necessary to pay
directly into the vendor bank account. Any additional charges resulting from
processing payments by this method shall be borne by the buyer. Method of
payment should be noted on the bid sheet.
VIII. Title shall not pass to the buyer until full payment is received by
Schuyler J. Rumsey Philatelic Auctions, Inc.
IX. All of our lots are sold as genuine. Lots accompanied by recent (within 5
years of sale date) expert certificates are sold “as is” based on the description in the
certificate. The aforementioned expertized lots may not be returned under any
circumstances including those instances in which subsequent certificates yield
conflicting opinions. The accepted authorities for U.S. stamps are the Philatelic
Foundation (P.F.), the Philatelic Stamp Authentication and Grading, Inc. (P.S.A.G.)
and the Professional Stamp Expertizing Committee (P.S.E.). In addition, a lot may
not be returned because an expertising service grades a stamp lower than the
grade stated in the description, or differs from the accompanying certificate.
X. The Auctioneer must be notified within 5 business days from the date of
the auction of any request to place a lot on extension for expertising. All extensions
must be paid in full, in advance. There will be no exceptions and no lots may be
returned under any circumstances if this term has not been strictly followed.
XI. All lots on extension must be submitted for expertising by the auctioneer
exclusively. Each lot is sold as genuine, except those described “as is”, but when, in
the opinion of a competent authority acceptable to Schuyler J. Rumsey Philatelic
Auctions, Inc., the lot is declared otherwise, the purchase price will be refunded in
full. The lot must be received by Schuyler J. Rumsey Philatelic Auctions, Inc. within
a period of 21 days from the date of auction. Expenses incurred for purposes of
expertising shall be borne by the purchaser except where the lot is found by said
competent authority to be materially not as described, in which case the consignor
will be responsible for expertising costs incurred. Proof of the inability of said
competent authority to express a definite opinion is not grounds for return of an
item.
XII. Any lot, description of which is incorrect, is returnable (A) within three
(3) days of receipt and (B) if received by Schuyler J. Rumsey Philatelic Auctions,
Inc. within twenty-one (21) days from the date of the auction. All disputed lots must
be returned intact, in the condition received; no adjustments will be made. The
following lots are not returnable: lots containing ten (10) or more items; lots from
purchasers OR THEIR AGENTS who had the opportunity to examine them before
the auction; items described as having defects or of a quality standard “Very Good”
(V.G.) or below; lots with disputed centering or margins when the item is
photographed; lots described “as is”.
XIII. JURISDICTION. In the event of any dispute between the auctioneer and
bidders, or between any parties requesting inspection of any of the lots and the
auctioneer, or between persons offering their lots to be auctioned and the auctioneer,
the jurisdiction over the dispute shall be in the City and County of San Francisco,
State of California.
XIV. In the event of any dispute, the prevailing party shall be entitled to court
costs and reasonable attorney's fees.
XV. The California State Sales Tax - or that of another state as ordered by the
laws of such a state (as appropriate) - is payable by buyers liable to tax. See below.
Sales Tax
 
XVI. THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE
OF THE FOREGOING TERMS OF SALE.