Conditions of Sale
Shannon's LLC Fine Art Auctioneers acts solely as an agent for various
owners and consignors. It exercises care in describing all items listed
and uses judgment in attributing authorship, but offers no guarantee
regarding authenticity, condition, or description. The items described
in this catalog, which description may be amended by notice or
announcement at sale time, are offered for sale by Shannon's LLC as
agent for various owners or others authorized to sell the items.
Hereinafter, Shannon's LLC is referred to as the Sellers agent. The
owners or others authorized to sell the items are hereinafter referred
to as Sellers. The person or persons acknowledged by the auctioneer
to be the highest bidder on an item shall be hereinafter referred to as
the Buyer or Buyers.
Shannon's LLC reserves the right to change the terms of sale by oral
announcement. Any such change shall become part of the Conditions
of Sale. By placing of a bid, whether present at the sale in person or by
agent, by written or oral bid, by telephone or other means, the Buyer
agrees to be bound by these conditions of sale.
1. The highest bidder acknowledged by the auctioneer shall be the
Buyer. In the event of any dispute between bidders, the auctioneer
has the absolute discretion to determine which bidder is the
successful Buyer or to re offer the item in dispute and resell it.
2. In the event of any dispute after the sale, Shannon's LLC's record
of the final sale price and of the successful buyer shall be conclusive,
Shannon's LLC reserves the right to withdraw any item before
or during the sale.
3. Shannon's LLC reserves the right to sell items which are not listed
in the catalogue.
4. Items in the auction are sold subject to a reserve. Such reserve is
confidential, but in no case will the reserve exceed the low estimate.
The auctioneer may reject any bid or increment not commensurate
with the value of the lot.
5. Absentee bids are accepted. A deposit may be required. Absent parties
may place bids by mail, email, fax or in person prior to the sale.
Absentee bids must be placed 24 hours prior to the day of sale.
Shannon's LLC will execute such bids up to the maximum amount
specified. Phones must be reserved 24 hours prior to the day of
sale. Phone bidders are encouraged to leave a cover bid in case of
technical failure. Shannon's is not responsible for errors or omissions
in the execution of these bids.
6. A premium of 30% of the successful bid up to and including
$500,000, and 25% on any amount exceeding $500,000 per lot,
will be applied to the individual hammer price of all lots sold, to be
paid by the buyer as part of the purchase price. Payment may be
made by cash, check or wire transfer. Visa or MasterCard may be
used up to the amount of $1,000 per auction. Purchases are subject
to 6.35% CT sales tax. ALL ITEMS MUST BE PAID FOR WITHIN
5 DAYS OF THE SALE, AT WHICH POINT THEY WILL BE
RELEASED FOR SHIPMENT OR DELIVERY.
7. Limited Warrantee: Although Shannon's LLC exercises due care in
describing the items listed and use good judgment in attributing
authorship; it does not make any express or implied warrantee as
to such authorship. Notwithstanding, Shannon's LLC may, but
shall have no obligation to, consider any reasonable request for
refund on the grounds of authenticity of authorship only and only
under the following conditions:
A. Notification must be made to Shannon's in writing within 7
days of receipt of the item.
B. The items must be returned within 28 days of the sale, accompanied
by written testimony from a recognized authority that
the lot in question is a forgery.
C. The limited warrantee does not extend to the lots identified as
attributions, school, circle, manner, or after.
D. The limited warrantee is applicable only to the original Buyer.
8. All property is sold "as is"
9. As a convenience to the Buyer, Shannon's LLC will make a referral
for packing and shipping. This is at the request, expense, and risk
of the Buyer, and Shannon's assumes no responsibility for the
items or the timing of delivery. Insurance for in transit items is the
responsibility of the buyer.
10. Shannon's has retained the Art Loss Register to check all
uniquely identifiable items offered for sale in the catalog that are
estimated for $5,000 or more against the computerized database
of stolen or lost artwork maintained by the Art Loss Register.A search certificate can be provided byt he Art Loss Register for an additional fee.The Art Loss Register does not guarantee the
provenance or title of any catalogued item against which they
search, and will not be liable for any direct or consequential losses
of any nature howsoever arising. The statement is not to affect,
detract from, or override Shannon's Conditions of Sale, and in the
event of any conflict, Shannon's Conditions of Sale will take
priority to the terms of this statement.
BIDDING AT THIS AUCTION, WHETHER IN PERSON, BY AGENT, ORDER BID, TELEPHONE, INTERNET OR OTHER MEANS, CONSTITUTES YOUR ACKNOWLEDGEMENT AND ACCEPTANCE OF THESE "CONDITIONS OF SALE".
Buyer's Premium
A premium of 30% of the successful bid up to and including
$500,000, and 25% on any amount exceeding $500,000 per lot,
will be applied to the individual hammer price of all lots sold, to be
paid by the buyer as part of the purchase price. Payment may be
made by cash, check or wire transfer. Visa or MasterCard may be
used up to the amount of $1,000 per auction. Purchases are subject
to 6.35% CT sales tax. ALL ITEMS MUST BE PAID FOR WITHIN
5 DAYS OF THE SALE, AT WHICH POINT THEY WILL BE
RELEASED FOR SHIPMENT OR DELIVERY.
Payment and Transfer of Title
Terms of Payment
Immediately following the sale of Property sold at auction or via the Online Shop, but no later than three business days after the sale, unless we otherwise agree, you are required to pay us the Purchase Price in full. You must confirm and provide us with your name, address, identification and any other information we request from you, including, but not limited to, applicable credit card information and details of the bank from which payment will be made.
4.2 Method of Payment
Payment shall be made to us by either check, wire transfer, or for purchases of $10,000 or less by credit card or PayPal. For wire transfer, payment must be made according to the following details:
Commerzbank AG 225 Liberty Street
New York, NY 10281-1050
Swift-Code: COBAUS3XXXX
ABA routing: 026008044
For the Account of: Auctionata, Inc.
Account No.: 150112363700
4.3 Compensation of Third Parties
We reserve the right to pay from our compensation an introductory commission to one or more third parties for assisting in the sale of Property sold at auction and offered via the Online Shop.
4.4 Transfer of title
Title in any purchased Property will not pass to you until we receive the Purchase Price in full and cleared funds. We are not obligated to release Property to you until title has passed and you have provided appropriate identification. Any earlier release of the Property shall not affect the passing of title or your obligation to pay the Purchase Price.
Contract Information
Your bid is a binding and legal contract. BIDDING AT THIS AUCTION, WHETHER IN PERSON, BY AGENT, ORDER BID, TELEPHONE, INTERNET OR OTHER MEANS, CONSTITUTES YOUR ACKNOWLEDGMENT AND ACCEPTANCE OF THESE "CONDITIONS OF SALE".
Condition Statement
Shannon's LLC Fine Art Auctioneers acts solely as an agent for various
owners and consignors. It exercises care in describing all items listed
and uses judgment in attributing authorship, but offers no guarantee
regarding authenticity, condition, or description. The items described
in this catalog, which description may be amended by notice or
announcement at sale time, are offered for sale by Shannon's LLC as
agent for various owners or others authorized to sell the items.
Payment Information
Payment may be made by cash, check or wire transfer. Visa or MasterCard may be used up to the amount of $1,000 per auction. Purchases are subject to 6.35% CT sales tax. ALL ITEMS MUST BE PAID FOR WITHIN 5 DAYS OF THE SALE, AT WHICH POINT THEY WILL BE RELEASED FOR SHIPMENT OR DELIVERY.
Shipping Information
As a convenience to the Buyer, Shannon's LLC will make a referral
for packing and shipping.
This is at the request, expense, and risk
of the Buyer, and Shannon's assumes no responsibility for the
items or the timing of delivery. Insurance for in transit items is the
responsibility of the buyer.
Taxes on your purchase
Purchases are subject to 6.35% CT sales tax.
