Terms of sale

1. The sale of the goods is made by the auction-house Tschoepe as an agent acting in the name of, and for account of, the seller.
   
   
2. All auctions are conducted in EURO currency and immediate payment is expected. All bids are made in increments of 5% to 10%.
   
   
3. The starting bid will be the price quoted in the auction catalog. A valid bid remains a legal and binding contract until the bid amount has been exceeded or is refused by the auctioneer.
   
   
4. A bid is successful after a third call and when the hammer has fallen. A draw will decide in case of a tie between two bidders. The award is binding. If an agreement cannot be reached the lot will be auctioned off again. Agents bidding on behalf of others will be held liable if their principals fail to make payment.
   
   
5. The auctioneer reserves the right to change the order in which the lots are presented, to separate, combine, withdraw any lot prior to sale , to award with reservation or to refuse a bid below the reserve price.
   
   
6. The 20,88 % buyers charge consisting of 18% commission and 16% VAT on this commission will be added to hammer price of each lot purchased.
   Shippment expenses per parcel are 8 EUR (in Germany) 16 EUR for all other countries.
   
   
7. Responsibility for the goods goes to the purchaser after the hammer has fallen, title will pass after payment in full is received. Payments can be made in cash, or bank transfer and are due 10 days after auctioneer has received an invoice.
   
   
8. The buyer is liable for any currency or interest loss should he not follow through with the sale or delay payment. The auctioneer then reserves the right to file complaint, request compensation or cancel the sale. The buyer is liable for all costs of a re-Auction of the lot but is not entitled to any additional revenue.
   
   
9. The lots for auction can be viewed at specified times before the auction. The catalogue descriptions are made to the best of the agents knowledge and belief but are not 'assured qualities' under §§ 459ff BGB. The objects for sale are used, in good condition, yet worn according to their age.
   
   
10. Justified claims must be submitted within 3 days after receipt of item or within 2 weeks after the auction date. Multiple item lots are not subject to any claims.
    
    
11. All items are shipped at purchaser's risk. Insurance is possible upon demand. The agents responsibility ends with the mailing of the object. Shippment will take place after payment.
    
    
12. Fax and phone orders must be confirmed in writing.
    
    
13. The placing of a bid shall constitute full acceptance of the foregoing terms and conditions of sale.
    
    
14. Upon immediate written demand after an auction a small fee is charged for additional information such as name and address of seller and purchaser.
    
    
15. All participants recognize the jurisdiction of the courts in Neuss, Germany.
    
    
16. Should any of these conditions be void the remaining policies will remain in effect.