珍稀拍賣有限公司 Rarehouse Auction Ltd.

TERMS & CONDITIONS FOR BUYERS

Definitions:
 Rarehouse: Rarehouse Auction Limited;
 Bidder:a person who have registered and paid a deposit to participate at the
     auction;
 Buyer: the bidder who win a certain lot by offering the highest bid;
 Hammer Price: the amount of the highest bid for a certain lot;
 Buyer’s Premium: 19% of the hammer price payable by a buyer;
 Reserve: the minimum selling price of a lot agreed between Rarehouse & seller;
 Full Amount: the sum of hammer price & buyer’s premium.

  1. Rarehouse Auction Limited is acting as an agent in the auction, the sellers and the Buyers shall be take all the risks arising from the transactions in the auction.

  2. Before the Auction
    1. Registration:
      Bidders must fill out a registration form with valid identification before the Auction. A numbered paddle will then be given to a Bidder upon his/her successful registration.
    2. Guaranteed Deposit:
      Rarehouse will require the Bidder to advance an cash amount of HK$30,000 as guaranteed deposit before posting bids at the auction. The deposit will be refunded to the bidder immediately after the auction. In the event that the Bidder wins lots, the deposit will be turned into full amount payable to Rarehouse.
    3. Examination of Lots:
      Bidders are strongly advised to examine in person the lots before making his bids. All the lots will be sold in their existing conditions. Rarehouse are not responsible for their defects, conditions and genuineness. The Buyer cannot ask Rarehouse to cancel any sales on the ground that he has not examined the lots.
    4. Auction Catalogue:
      Descriptions, illustrations or condition reports for any lots in the catalogue are for guidance only, and should not be relied on as definite facts.
    5. Graded Lots:
      Rarehouse are not responsible for the correctness of any grade statements made by any grading company for any graded lots. If a Buyer is not satisfied with the condition of a graded lot, he/she should make enquiry to the particular grading company and seek settlement with the latter.
    6. Absentee Bidding:
      If a Bidder is not able to make his bids in person at the auction, Rarehouse can bid on his/her behalf. Absentee commission bids should be submitted to us not later than 24 hours before the auction. Rarehouse have the discretion to reject any commission bids. Commission bidding is a free service provided for the absentee bidders, Rarehouse are not responsible for any failure in executing a Bidder’s instructions.
    7. Absentee Bid Deposit:
      If the total amount of the commission bids exceeds HK$50,000, a deposit of HK$20,000 should be submitted to us before the auction.
    8. Auctioneer’s Discretion:
      The Auctioneer has the absolute right to raise or lower the bidding increment of any particular lots. The Auctioneer has the final say as to any disputes happened during the auction process. The Auctioneer has the right to refuse any persons’ entrance to the auction venue and reject any persons’ bidding.

  3. After the Auction
    1. Payment & Collection of Lots:
      Buyers should pay the Full Amount within seven days after the date of sale. The title to the lot will be transferred to the Buyer only after his full settlement of the Full Amount.
    2. Payment Method & Currency:
      Rarehouse accept payment by cash, credit card, cheque, bankdraft or teletransfer. All bank charges in relation to the payment are solely born by the Buyers. Payment may be settled by Hong Kong dollars, RMB or US dollars. Exchange rate will be decided according to the official rate announced by the banks on the auction day.
    3. Deferred Payment:
      If the Buyer fails to pay the Full Amount within seven days after the auction day, Rarehouse has the right to charge the Buyer any expenses arising from his deferred payment, such as storage fee, interest or management fee etc.
    4. Buyer’s Risk
      After the Buyer has paid the Full Amount and collected the lots, all the risks in relations to the lots will be transferred to the Buyer.
    5. Non-payment:
      If the Buyer fails to pay the Full Amount within forty five days after the date of sale, Rarehouse has the right to cancel the sale of all the lots won by the Buyer. Rarehouse then will proceed to take legal action against the Buyer to seek all compensations in regard to the cancellation of the sale such as sales amount, commission, interest & management fee. The deposit advanced by the Buyer will be forfeited. The Buyer will not be allowed to participate in the future auctions of Rarehouse.
    6. Lots of Cancelled Sale:
      Those lots remain uncollected due to Buyer’s non-payment will, with the consent of seller, be put up for auction again or sold to other interested parties. The original Buyer has no right to make any claims to the lots or make any opposition to Rarehouse’s action.
    7. Forgery Dispute & Refund:
      Sale of any lots will be cancelled and the Full Amount paid refunded to the Buyer if the lots sold proved to be forgeries. In such case, the Buyer should produce scientific evidence acceptable and satisfactory to us that the lots are forgeries. The lots in concern should be returned in the same condition and with the same package as at the date of auction.

  4. Copyright
    The Copyright in all images, illustrations and written material relating to any lots in the catalogue is and shall remain at all times Rarehouse’s properties. No one shall be allowed to use such images, illustrations or written material without Rarehouse’s prior consent.

  5. Force Majeure
    If Rarehouse are prevented from performing its responsibility or continuing its business due to uncontrollable incidents or events such as natural disaster, war, riot, malicious damage, compliance with governmental order or act of God, iwe shall have no liability to anyone.

  6. The Terms and Conditions are construed and governed by the Hong Kong Law,

  7. The English version of this Terms & Conditions shall be the standard version. The Chinese version is only for reference.


Bidding Increment
Starting price

HK$100 – 1999
HK$2,000 – 4,999
HK$5,000 – 9,999
HK$10,000 – 19,999
HK$20,000 – 49,999
HK$50,000 – 99,999
HK$100,000 – 199,999
HK$200,000 – 499,999
HK$500,000 UP

遞增

HK$100
HK$200
HK$500
HK$1,000
HK$2,000
HK$5,000
HK$10,000
HK$20,000
HK$50,000



News & Events

10/10/2024
Online timed auction in October 2024
2024 Oct 26
Detail
24/09/2024
Launching of RAREHOUSE Timed On-Line Auction
2024 Aug 28
Detail
30/08/2024
Rarehouse 2024 Summer Auction Price Realization
Page 1  Page 2  Page 3
18/07/2024
Rarehouse 2024 Summer Auction
2024 Aug 24
Detail


Important Notice for
Bidders & Buyers
  1. Registration:
    Anyone who wish to bid should register with identity documents before the auction.
  2. Deposit:
    Bidder must pay HK$30,000 as deposit before receiving a numbered paddle. The deposit is refundable. Bidder who intends to bid lots with estimate above US$50,000 should contact Rarehouse before the auction. He may be asked to increase the amount of deposit.
  3. Sales Commission:
    19% of the hammer price will be charged as sales commission.
  4. Payment:
    We accept payment in cash of HK$, US$ or RMB. Exchange rate will be announced at the day of auction.
    Payment by cheque, bankdraft, credit card & wire transfer will also be accepted. All bank charges will be borne by the buyer himself.
  5. Collection of lots:
    Lots can be collected during or after the auction.
  6. Non-payment:
    If the Buyer fails to pay the Full Amount within forty five days after the date of sale, Rarehouse has the right to cancel the sale of all the lots won by the Buyer. The deposit advanced by the Buyer will be forfeited. The Buyer will not be allowed to participate in the future auctions of Rarehouse.
Teletransfer payment
bank details
Hong Kong Bank Account
Bank: Chong Hing Bank Limited
$HK Account No.: 256-10-103258-5
Foreign Currency: 256-80-056851-2
Account Name: Rarehouse Auction Limited
Swift Code: LCHBHKHH
Contact
  • Tel:+852 2323 1884
  • Fax:+852 2333 0010
  • Email:rarehouse1@biznetvigator.com
  • Website:www.rarehouseauction.com